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
Attachements: Interim report January - March 2018
