MBH Bank (MBHBANK) investor relations material

Executive summary

• Adjusted profit after tax for 1H 2026 was HUF 74.7 bn, down 23.5% year-over-year, mainly due to lower net interest income, higher risk and operating costs, and significant adjustments for special taxes and the interest rate cap extension.

• Accounting profit after tax was negative at HUF -22.5 bn, impacted by special taxes and the interest rate cap.

• Gross operating income rose 2.9% year-over-year to HUF 283.4 bn, driven by higher net fee income and FX results.

• Total assets reached HUF 12,926.4 bn (+3.8% y/y), with a 1.5% decrease quarter-on-quarter, driven by a drop in deposit portfolios and growth in gross loan volumes.

• The cost-to-income ratio rose to 64.2% (+3.8% pts y/y), reflecting a 9.4% increase in operating expenses.

Financial highlights

• Net interest income fell 9.7% year-over-year to HUF 215.0 bn, with NIM declining to 3.3%.

• Net fee and commission income increased 9.8% year-over-year to HUF 53.7 bn, driven by payment transactions and investment services.

• Operating expenses rose 9.4% year-over-year to HUF 181.9 bn, with a cost/income ratio of 64.2%.

• Total risk cost was HUF 8.8 bn in 1H 2026, with NPL ratio at 3.6%.

• Customer deposits decreased 2.2% year-over-year to HUF 7,751.5 bn.

Outlook and guidance

• The impact of the interest rate cap is expected to be temporary, with removal from adjustments once new legislation is approved.

• Regulatory capital and liquidity ratios remain strong, supporting future stability.

• The macroeconomic environment remains challenging, with inflation expected to average 2.2% in 2026 and 3.1% in 2027.

• The capital requirement (OCR) increased by 1.08% to 17.2% from 30 June 2026.