The Mortgage Society of Finland: Group Financial Statement Release 2017

| Source: Suomen Hypoteekkiyhdistys Suomen Hypoteekkiyhdistys

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/

Attachments

Hypo_Financial_Statements_Release_2017