The Mortgage Society of Finland: Hypo Group's January-September 2019
The Mortgage Society of Finland
Interim Report
Helsinki 31 October 2019 3:30 p.m.
Hypo Group’s January-September 2019
The home finance specialist Hypo Group’s operating profit grew by 7 percent and net interest income by 16 percent.
CEO Ari Pauna:
“Focusing on low risk housing collaterized lending in metropolitizing Finland is yielding profits. Hypo Group’s operating profit grew by 7 percent and net interest income by 16 percent. Common Equity Tier 1 improved and return on equity remained strong. Non-performing loans remained on a very low level and impairment losses were nearly zero.”
- Net interest income increased to EUR 10.4 million (EUR 9.0 million 1–9/2018)
- Non-performing loans remained low at 0.10% of loan book (0.07% 31 December 2018)
- Expected credit losses were 0.0% of the loan book
- Net fee and commission income was EUR 2.7 million (EUR 2.9 million 1–9/2018)
- Other income totaled EUR 2.1 million (EUR 2.4 million 1–9/2018)
- Total costs remained at modest level
- Common Equity Tier 1 (CET1) ratio, as calculated with standard and basic methods, was 12.6% (12.1% on 31 December 2018)
| GROUP'S KEY FIGURES | |||||
| (1000 €) | 1-9/2019 | 1-9/2018 | 7-9/2019 | 7-9/2018 | 2018 |
| Net interest income | 10 433 | 8 980 | 3 563 | 3 205 | 12 331 |
| Net fee and commission income | 2 709 | 2 909 | 947 | 971 | 3 795 |
| Total other income | 2 058 | 2 376 | 411 | 1 063 | 2 097 |
| Total expenses | -8 813 | -8 313 | -2 386 | -2 297 | -11 058 |
| Operating profit | 6 386 | 5 952 | 2 534 | 2 942 | 7 165 |
| Receivables from the public and public sector entities | 2 677 043 | 2 512 308 | 2 677 043 | 2 512 308 | 2 588 908 |
| Deposits | 1 598 050 | 1 658 633 | 1 598 050 | 1 658 633 | 1 718 166 |
| Balance sheet total | 3 224 490 | 2 998 709 | 3 224 490 | 2 998 709 | 3 113 817 |
| Return on equity % (ROE) | 5,5 | 5,5 | 6,5 | 5,5 | 5,0 |
| Common Equity Tier 1 (CET1) ratio | 12,6 | 12,1 | 12,6 | 12,1 | 12,1 |
| Cost-to-income ratio,% | 58,2 | 58,1 | 48,8 | 43,9 | 60,6 |
| Non-performing assets, % of the loan portfolio | 0,10 | 0,08 | 0,10 | 0,08 | 0,07 |
| LTV-ratio, % / Loan to Value, average, % | 35,5 | 36,0 | 35,5 | 36,0 | 35,8 |
| Loans / deposits, % | 167,5 | 151,5 | 167,5 | 151,5 | 150,7 |
Contact information:
CEO Mr. Ari Pauna, tel. +358 50 353 4690
Chief Risk Officer, deputy to the CEO Mr. Mikko Huopio tel. +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-October 2019
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