The Mortgage Society of Finland
Interim Report Release
Helsinki, 31 October 3:30 p.m.
Hypo Group's January-September 2017
The home finance specialist Hypo's net interest income and competitiveness strengthen further.
CEO Ari Pauna:
"Hypo's loan portfolio grew to EUR 2.1 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 6.3 million (EUR 3.6 million 1-9/2016)
- 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 2.7 million (EUR 3.6 million 1-9/2016) due to decrease in land trustee service profits.
- Common Equity Tier 1 (CET1) ratio, as calculated with standard and basic methods, was 13.0% (13.6% on 31 December 2016)
| GROUP'S KEY FIGURES | |||||
| (1000 €) | 1-9/2017 | 1-9/2016 | 7-9/2017 | 7-9/2016 | 2016 |
| Net interest income | 6 280 | 3 610 | 2 329 | 1 561 | 5 386 |
| Net fee and commission income | 2 690 | 3 550 | 807 | 1 051 | 4 439 |
| Total other income | 4 048 | 6 312 | 979 | 1 133 | 7 924 |
| Total expenses | -8 109 | -7 215 | -2 340 | -2 094 | -10 403 |
| Operating profit | 4 909 | 6 257 | 1 775 | 1 650 | 7 347 |
| Receivables from the public and public sector entities | 2 130 428 | 1 756 349 | 2 130 428 | 1 756 349 | 1 806 440 |
| Deposits | 1 311 950 | 1 155 648 | 1 311 950 | 1 155 648 | 1 203 042 |
| Balance sheet total | 2 640 119 | 2 232 311 | 2 640 119 | 2 232 311 | 2 305 218 |
| Common Equity Tier 1 (CET1) ratio | 13,0 | 13,0 | 13,0 | 13,0 | 13,6 |
| Cost-to-income ratio,% | 62,4 | 53,5 | 57,0 | 56,0 | 57,1 |
| Non-performing assets, % of the loan portfolio | 0,13 | 0,19 | 0,13 | 0,19 | 0,11 |
| LTV-ratio, % / Loan to Value, average, % | 37,7 | 39,0 | 37,7 | 39,0 | 38,4 |
| Loans / deposits, % | 162,4 | 152,0 | 162,4 | 152,0 | 150,2 |
Contact information: CEO Mr. Ari Pauna, tel. +358 9 228 361, +358 50 353 4690
Deputy CEO, Chief Risk Officer Mikko Huopio, tel. +358 9 228 361,
+358 400 2990
