The Mortgage Society of Finland: Hypo Group's January-March 2018 

The Mortgage Society of Finland

27 April 2018 3:30 p.m.

 

Hypo Group's January-March 2018



The home finance specialist Hypo Group's net interest income and competitiveness strengthened further.

CEO Ari Pauna:

"Urban citizens are increasingly interested in owner-occupied housing and state of one's own housing company. Our loan portfolio has increased annually by almost 20 percent totaling EUR 2.3 billion. Competitiveness of our core business improves."  


  • Net interest income increased to EUR 2.7 million (EUR 1.8 million 1-3/2017)
  • Non-performing loans remained low. The net amount of expected credit losses and impairment losses was positive
  • Net fee and commission income was EUR 0.9 million (EUR 0.8 million 1-3/2017)
  • Decrease in capital gains from the sale of investment properties was reflected in the amount of other income totaling EUR 1.0 million (EUR 1.4 million)
  • Total costs grew due to the contribution to the Financial Stability Authority and other supervisory fees while operating costs remained at the level of the same period year before
  • Common Equity Tier 1 (CET1) ratio, as calculated with standard and basic methods, was 12.6% (12.7% on 31 December 2017)


GROUP'S KEY FIGURES      
(1000 €) 1-3/2018 1-3/2017 2017
       
Net interest income 2 705 1 768 8 991
Net fee and commission income 892 832 3 525
Total other income 1 031 1 359 5 190
Total expenses -3 120 -2 929 -11 055
Operating profit 1 508 1 030 6 651
       
Receivables from the public and public sector entities 2 266 397 1 902 915 2 212 574
Deposits 1 456 133 1 366 152 1 540 400
Balance sheet total 2 709 826 2 410 457 2 792 489
       
Return on equity % (ROE) 4,3 3,2 4,9
Common Equity Tier 1 (CET1) ratio 12,6 13,2 12,7
Cost-to-income ratio,% 67,6 74,1 62,5
Non-performing assets, % of the loan portfolio 0,13 0,12 0,14
LTV-ratio, % / Loan to Value, average, % 36,5 38,9 37,4
Loans  / deposits, % 155,6 139,3 143,6

Contact information:

CEO Mr. Ari Pauna, tel. +358 9 228 361, +358 50 353 469

Chief Risk Officer, deputy to the CEO Mr. Mikko Huopio, tel. +358 9 228 361,+358 400 2990

Hypo Group's Interim Report can be accessed at http://www.hypo.fi/en/

Distribution:    Nasdaq Helsinki Ltd

                      Main media

                      www.hypo.fi

Attachements: Interim report January - March 2018

Hypo_Interim_Report_Q1_2018


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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