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14864_rns_2025-12-05_25b078a3-6dc7-434f-95b1-e692890fdcbb.pdf

Regulatory Filings

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Strategy and Analysis Division Investor Relations

05 December 2025

Extraordinary Disclosure

Equity Research Update

MBH Investment Bank and Equilor reaffirm their Buy recommendations on the shares of Gránit Bank, maintaining their previously set target prices of HUF 17,063 (MBH) and HUF 18,306 (Equilor).

Following the publication of Gránit Bank Plc.'s (Bank) third quarter 2025 financial results, both MBH Investment Bank Zrt. (MBH) and Equilor Investment Ltd. (Equilor) released updated equity research reports on the Bank. Based on the third quarter 2025 performance, MBH reaffirmed its 12-month target price of HUF 17,063, while Equilor reaffirmed its 12-month target price of HUF 18,306. Both institutions reiterated their Buy recommendations.

12-month target price Recommendation Research Link
Equilor 18,306 HUF Buy Research
MBH 17,063 HUF Buy Research

The full research reports by both MBH and Equilor are publicly available free of charge via the links above.

GRÁNIT Bank Plc.

GRÁNIT Bank Plc.

Address: HU-1095 Budapest, Lechner Ödön fasor 8.

Postal address: 1439 Budapest, Pf. 649

Phone: +36 (1) 510 0527

E-mail: [email protected]

Internet: www.granitbank.hu

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