MBH Bank (MBHBANK) investor relations material

Executive summary

• Adjusted profit after tax for 1Q 2026 was HUF 54.1 bn, down 6.1% year-over-year, while accounting PAT was a loss of HUF 19.4 bn due to special taxes paid upfront.

• Adjusted return on equity (ROE) reached 17.7% in 1Q 2026, with a strong capital adequacy ratio (CAR) of 20.7% and CET1 at 18.3%.

• Gross operating income rose 5.4% year-over-year to HUF 149.0 bn, driven by higher net fee income and fair value results.

• Total assets grew to HUF 13,119.8 bn (+2.3% y/y), supported by deposit and loan growth, with a loan-to-deposit ratio of 76.6%.

• Loan book grew 3.8% year-over-year, mainly from retail loans, while deposit book increased 3.5% year-over-year.

Financial highlights

• Net interest income was HUF 114.5 bn in 1Q 2026, up 12.9% quarter-over-quarter but down 5.5% year-over-year; net interest margin improved to 3.6%.

• Net fee and commission income reached HUF 27.0 bn, up 25.9% year-over-year but down 12.1% quarter-over-quarter due to seasonality.

• Operating expenses increased 13.7% year-over-year to HUF 86.6 bn, mainly from higher personnel and expert fees and group expansion.

• Total risk cost was a release of HUF 5.8 bn, with NPL ratio stable at 3.5% and NPL coverage at 101%.

• Adjusted ROE was 17.7% and cost-to-income ratio was 58.1%.

Outlook and guidance

• Management expects continued stable capital and liquidity positions, with further MREL issuances planned to meet regulatory targets.

• Anticipates ongoing growth in retail and leasing portfolios, with a focus on government-subsidized loan products and digital innovation.

• Macroeconomic risks from geopolitical tensions and rising energy prices may impact growth and inflation, but the Group maintains a cautious outlook for 2026.