The Mortgage Society of Finland: Hypo Group's January-June 2018
August 10 2018 - 7:30AM
The Mortgage Society of Finland: Hypo Group's
January-June 2018
The Mortgage Society of Finland
10 August 2018 3:30
Hypo Group's January-June 2018
The home finance specialist Hypo
Group's profitability of core business operations strengthened
further.
CEO Ari Pauna:
"Urban citizens continue to show
interest in owner-occupied housing and state of one's own housing
company. Our loan portfolio increased to 2.4 billion representing
annula growth of nearly 20 percent. Net interest income and
competitiveness continue to improve."
-
Net interest income increased to EUR
5.8 million (EUR 4.0 million 1-6/2017)
-
Non-performing loans remained low at
0.12% of loan book (0.13% 30 June 2017)
-
Net fee and commission income was EUR
1.9 million (EUR 1.9 million 1-6/2017)
-
Other income totaled EUR 1.3 million
(EUR 3.1 million 1-6/2017)
-
The contribution to the Financial
Stability Authority, which was recognized in full during the first
half year, increased total costs despite the cut of operating costs
by over 3% compared to the previous year
-
Common Equity Tier 1 (CET1) ratio, as
calculated with standard and basic methods, was 12.3% (12.7% on 31
December 2017)
GROUP'S KEY FIGURES |
|
|
|
|
|
(1000 €) |
1-6/2018 |
1-6/2017 |
4-6/2018 |
4-6/2017 |
2017 |
|
|
|
|
|
|
Net
interest income |
5 775 |
3 951 |
3 070 |
2 182 |
8 991 |
Net
fee and commission income |
1 938 |
1 883 |
1 046 |
1 051 |
3 525 |
Total
other income |
1 313 |
3 069 |
281 |
1 710 |
5 190 |
Total
expenses |
-6 016 |
-5 769 |
-2 897 |
-2 840 |
-11 055 |
Operating profit |
3 009 |
3 134 |
1 501 |
2 104 |
6 651 |
|
|
|
|
|
|
Receivables from the public and public sector entities |
2 388 271 |
2 035 257 |
2 388 271 |
2 035 257 |
2 212 574 |
Deposits |
1 627 075 |
1 293 090 |
1 627 075 |
1 293 090 |
1 540 400 |
Balance sheet total |
2 956 543 |
2 626 808 |
2 956 543 |
2 626 808 |
2 792 489 |
|
|
|
|
|
|
Return
on equity % (ROE) |
4.3 |
4.7 |
4.3 |
6.3 |
4.9 |
Common
Equity Tier 1 (CET1) ratio |
12.3 |
13.2 |
12.3 |
13.2 |
12.7 |
Cost-to-income ratio,% |
66.4 |
64.9 |
65.1 |
57.6 |
62.5 |
Non-performing assets, % of the loan portfolio |
0.12 |
0.13 |
0.12 |
0.13 |
0.14 |
LTV-ratio, % / Loan to Value, average, % |
36.4 |
38.3 |
36.4 |
38.3 |
37.4 |
Loans / deposits, % |
146.8 |
157.4 |
146.8 |
157.4 |
143.6 |
Contact information:
CEO Mr. Ari Pauna, tel. +358 9 228 361, +358
50 353 4690
Chief Risk Officer, deputy to the CEO Mr. Mikko
Huopio, tel. +358 9 228 361, +358 50 400 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-June
2018
Hypo_Interim_Report_Q2_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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