Yksityiskohta OP-Vallilan rakennuksesta.

OP Financial Group's Key Indicators

OP Financial Group’s Interim Report 1 January–31 March 2022: Earnings before tax EUR 189 million – net interest income and net commissions and fees increased in an uncertain business environment

OP Financial Group's key indicators

 

Q1/2022

Q1/2021

Change, %

Q1–4/2021

Earnings before tax, € million

189

265

-28.6

1,127

Retail Banking

54

66

-18.1

304

Corporate Banking

3

115

-97.2

474

Insurance

100

117

-14.0

504

Group Functions

11

-22

-

-109

New OP bonuses accrued to owner-customers, € million

-54

-51

-

-210

         

Return on equity (ROE), %

4.6

6.5

-1.9*

6.6

Return on equity, excluding OP bonuses, %

5.8

7.6

-1.8*

7.8

Return on assets (ROA), %

0.38

0.52

-0.14*

0.54

Return on assets, excluding OP bonuses, %

0.47

0.61

-0.14*

0.64

 

31 Mar 2022

31 Mar 2021

Change, %

31 Dec 2021

CET1 ratio, %

18.4

18.1

0.3*

18.2

Loan portfolio, € billion

97.4

93.8

3.8

96.9

Deposits, € billion

74.8

71.3

4.9

75.6

Ratio of non-performing exposures to exposures, %

 2.5

2.4

0.1*

2.4

Ratio of impairment loss on receivables to loan and guarantee portfolio, %

0.11

0.09

0.01*

0.16

Owner-customers (1,000)

2,053

2,032

1.0

2,049

Comparatives deriving from the income statement are based on figures for the corresponding periods a year ago. Unless otherwise specified, balance-sheet and other cross-sectional figures on 31 December 2021 are used as comparatives.

*Change in ratio

Strategic targets

OP Financial Group’s strategic targets

31 Mar 2022

31 Dec 2021

Target 2025

 

Return on equity (ROE excluding OP bonuses), %

5.8

7.8

8.0

CET1 ratio, %

18.4

18.2

At least CET1 requirement + 4 pps* 

Brand recommendations, NPS (Net Promoter Score, personal and corporate customers)**

Banking: 27

Banking:
29

Banking:
30

Insurance: 17

Insurance: 16

Insurance: 20

Credit rating

AA-/Aa3

AA-/Aa3

At least at the level of AA-/Aa3

*OP Financial Group’s target CET1 ratio is at least the CET1 capital adequacy requirement plus four percentage points. The CET1 target calculated by applying the March-end capital adequacy requirement was 13.7%.

**Average of quarters (per financial year)