The Mortgage Society of Finland: Group Financial Statement Release 2018
The Mortgage Society of Finland
30 January 2019 Helsinki 3:30 p.m.
Hypo Group's January-December 2018
The home finance specialist Hypo Group's net interest income grew by 37 percent.
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 nearly to EUR 2.6 billion representing annual growth of 17 percent. Net interest income, operating profit and competitiveness continue to improve despite the significant increase in thecontribution to the Financial Stability Authority and the instability of the financial markets."
- Operating profit increased to EUR 7.2 million (EUR 6.7 million 1-12/2017)
- Net interest income increased to EUR 12.3 million (EUR 9.0 million 1-12/2017)
- Non-performing loans remained low at 0.07% of loan book (0.14% 30 December 2017)
- Expected credit losses were 0.0% of the loan book
- Net fee and commission income was EUR 3.8 million (EUR 3.5 million 1-12/2017)
- Other income totaled EUR 2.1 million (EUR 5.2 million 1-12/2017)
- Common Equity Tier 1 (CET1) ratio, as calculated with standard and basic methods, was 12.1% (12.7% on 31 December 2017)
| GROUP'S KEY FIGURES | ||||
| (1000 €) | 1-12/2018 | 1-12/2017 | 10-12/2018 | 10-12/2017 |
| Net interest income | 12 331 | 8 991 | 3 350 | 2 712 |
| Net fee and commission income | 3 795 | 3 525 | 886 | 834 |
| Total other income | 2 097 | 5 190 | -278 | 1 142 |
| Total expenses | -11 058 | -11 055 | -2 745 | -2 946 |
| Operating profit | 7 165 | 6 651 | 1 214 | 1 742 |
| Receivables from the public and public sector entities | 2 588 908 | 2 212 574 | 2 588 908 | 2 212 574 |
| Deposits | 1 718 166 | 1 540 400 | 1 718 166 | 1 540 400 |
| Balance sheet total | 3 113 817 | 2 792 489 | 3 113 817 | 2 792 489 |
| Return on equity % (ROE) | 5.0 | 4.9 | 3.5 | 5.0 |
| Common Equity Tier 1 (CET1) ratio | 12.1 | 12.7 | 12.1 | 12.7 |
| Cost-to-income ratio,% | 60.6 | 62.5 | 69.4 | 62.6 |
| Non-performing assets, % of the loan portfolio | 0.07 | 0.14 | 0.07 | 0.14 |
| Loan-to-Value, Weighted average, % | 35.8 | 37.4 | 35.8 | 37.4 |
| Loans / deposits, % | 150.7 | 143.6 | 150.7 | 143.6 |
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/
Distribution:
Nasdaq Helsinki Ltd
Main media
Attachment
