The Mortgage Society of Finland: Hypo Group's January-March 2019
Interim Report
The Mortgage Society of Finland
Helsinki 26 April 2019 3:30 p.m.
The home finance specialist Hypo Group’s net interest income grew by 25 percent.
CEO Ari Pauna:
“The profitable growth of Hypo’s core business is boosted by even faster-than-expected rate of urbanization. Our loan portfolio passed EUR 2.6 billion and the annual growth rate of owner occupied mortgage portfolio was 15 percent. Net interest income and competitiveness continue to improve. Due to regularly issued covered bonds Hypo’s debt investor pool has expanded and internationalized significantly”
- Net interest income increased to EUR 3.4 million (EUR 2.7 million 1–3/2018)
- Non-performing loans remained low at 0.09% of loan book (0.07% 30 December 2018)
- Expected credit losses were 0.0% of the loan book
- Net fee and commission income was EUR 0.8 million (EUR 0.9 million 1–3/2018)
- Other income totaled EUR 0.9 million (EUR 1.0 million 1–3/2018)
- Total cost grew due to Contribution to the Financial Stability Authority while operating costs remained at modest level
- Common Equity Tier 1 (CET1) ratio, as calculated with standard and basic methods, was 12.2% (12.1% on 31 December 2018
| GROUP'S KEY FIGURES | |||
| (1000 €) | 1–3/2019 | 1–3/2018 | 2018 |
| Net interest income | 3 393 | 2 705 | 12 331 |
| Net fee and commission income | 784 | 892 | 3 795 |
| Total other income | 916 | 1 031 | 2 097 |
| Total expenses | -3 644 | -3 120 | -11 058 |
| Operating profit | 1 448 | 1 508 | 7 165 |
| Receivables from the public and public sector entities | 2 613 754 | 2 266 397 | 2 588 908 |
| Deposits | 1 661 714 | 1 456 133 | 1 718 166 |
| Balance sheet total | 3 375 639 | 2 709 826 | 3 113 817 |
| Return on equity % (ROE) | 3.8 | 4.3 | 5.0 |
| Common Equity Tier 1 (CET1) ratio | 12.2 | 12.6 | 12.1 |
| Cost-to-income ratio,% | 71.6 | 67.6 | 60.6 |
| Non-performing assets, % of the loan portfolio | 0.09 | 0.13 | 0.07 |
| Loan-to-Value, Weighted average, % | 35.6 | 36.5 | 35.8 |
| Loans / deposits, % | 157.3 | 155.6 | 150.7 |
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, +358 50 400 2990
Hypo Group's Interim Report can be accessed at http://www.hypo.fi/en/financial-information/
Distribution:
Nasdaq Helsinki Ltd
Main media
www.hypo.fi
Attachements:
Interim Report January-March 2019
Attachment
