The Mortgage Society of Finland: Group Financial Statement Release 2017
January 30 2018 - 7:30AM
The Mortgage Society of Finland: Group Financial
Statement Release 2017
The Mortgage Society of Finland
30.1.2018 15:30
Hypo Group's January-December
2017
The home finance specialist
Hypo's net interest income and competitiveness strengthen
further.
CEO Ari Pauna:
"Hypo's loan portfolio grew to
EUR 2.2 billion as a growing number of urban citizens choose Hypo
to finance their home or housing company mortgage. The positive
development of Hypo's core business continues despite low interest
rates and narrowing margins."
-
Net interest income increased to EUR
9.0 million (EUR 5.4 million 1-12/2016)
-
Low risk loan portfolio secured by
housing collateral continued to grow faster than the market
-
Non-performing loans remained low and
impairment losses were 0 euros
-
Net fee and commission income decreased
to EUR 3.5 million (EUR 4.5 million 1-12/2016) due to decrease in
land trustee service profits.
-
Total of other income decreased as
capital gains declined especially in investment properties
business
-
Expenses grew due to Contribution to
Financial Stability Authority and increased business volumes
-
Common Equity Tier 1 (CET1) ratio, as
calculated with standard and basic methods, was 12.7% (13.6% on 31
December 2016)
GROUP'S KEY FIGURES |
|
|
|
|
(1000 €) |
1-12/2017 |
1-12/2016 |
10-12/2017 |
10-12/2016 |
|
|
|
|
|
Net
interest income |
8 991 |
5 386 |
2 712 |
1 776 |
Net
fee and commission income |
3 525 |
4 439 |
834 |
890 |
Total
other income |
5 190 |
7 924 |
1 142 |
1 612 |
Total
expenses (incl. depreciation, other operating expenses and
impairment losses) |
-11 055 |
-10 403 |
-2 946 |
-3 188 |
Operating profit |
6 651 |
7 347 |
1 741 |
1 090 |
|
|
|
|
|
Receivables from the public and public sector entities |
2 212 574 |
1 806 440 |
2 212 574 |
1 806 440 |
Deposits |
1 540 400 |
1 203 042 |
1 540 400 |
1 203 042 |
Balance sheet total |
2 792 489 |
2 305 218 |
2 792 489 |
2 305 218 |
|
|
|
|
|
Common
Equity Tier 1 (CET1) ratio |
12,7 |
13,6 |
12,7 |
13,6 |
Cost-to-income ratio,% |
62,5 |
57,1 |
62,6 |
68,3 |
Non-performing assets, % of the loan portfolio |
0,14 |
0,11 |
0,14 |
0,11 |
LTV-ratio, % / Loan to Value, average, % |
37,4 |
38,4 |
37,4 |
38,4 |
Loans / deposits, % |
143,6 |
150,2 |
143,6 |
150,2 |
Contact information:
CEO Mr. Ari Pauna, tel. +358 9 228 361, +358
50 353 4690
Chief Risk Officer, deputy to the CEO Mikko
Huopio, tel. +358 9 228 361,+358 400 2990
Hypo Group's Financial Statements Release can be
accessed at http://www.hypo.fi/en/
Hypo_Financial_Statements_Release_2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Suomen Hypoteekkiyhdistys via Globenewswire
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