The Mortgage Society of Finland: Hypo Group's January-June 2019

Suomen Hypoteekkiyhdistys 

Half year financial report

August 12 2019 Helsinki 3:30 p.m. 

 

The home finance specialist Hypo Group’s operating profit grew by 28 percent and net interest income by 19 percent.

CEO Ari Pauna:

“Focusing on low risk housing collaterized lending in metropolitizing Finland is yielding profits. Hypo Group’s operating profit grew by 28 percent and net interest income by 19 percent. Common Equity Tier 1 and return on equity improved. Non-performing loans remained on a very low level and impairment losses were nearly zero. The outstanding amount of internationally issued credit rated covered bonds (AAA stable) passed 1.0 billion euros.”

  • Net interest income increased to EUR 6.9 million (EUR 5.8 million 1–6/2018)
  • Non-performing loans remained low at 0.07% 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 1.8 million (EUR 1.9 million 1–6/2018)
  • Other income totaled EUR 1.6 million (EUR 1.3 million 1–6/2018)
  • Total costs remained at modest level
  • Common Equity Tier 1 (CET1) ratio, as calculated with standard and basic methods, was 12.4% (12.1% on 31 December 2018)
GROUP'S KEY FIGURES     
(1000 €)1-6/20191-6/20184-6/20194-6/20182018
      
Net interest income6 8705 7753 4773 07012 331
Net fee and commission income1 7621 9389781 0463 795
Total other income1 6471 3137312812 097
Total expenses-6 427-6 016-2 783-2 897-11 058
Operating profit3 8513 0092 4041 5017 165
      
Receivables from the public and public sector entities2 662 8132 388 2712 662 8132 388 2712 588 908
Deposits1 606 0931 627 0751 606 0931 627 0751 718 166
Balance sheet total3 214 3022 956 5433 214 3022 956 5433 113 817
      
Return on equity % (ROE)5,14,36,44,35,0
Common Equity Tier 1 (CET1) ratio12,412,312,412,312,1
Cost-to-income ratio,%62,766,453,965,160,6
Non-performing assets, % of the loan portfolio0,070,120,070,120,07
LTV-ratio, % / Loan to Value, average, %35,736,435,736,435,8
Loans  / deposits, %165,8146,8165,8146,8150,7

Additional information:
CEO Ari Pauna, tel. +358 50 353 4690
CRO, Deputy to the CEO 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

Attachments: Interim Report January-June 2019


The Mortgage Society of Finland Group is the only nationwide expert organization specialized in home financing and housing in Finland. Hypo Group grants mortgages as well as renovation loans and consumer loans, both secured by residential property collateral, for first-time and other homebuyers. Hypo Group continuously develops new ways and models for housing and home financing.

Read more: www.hypo.fi

 

 

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