OP Financial Group's key indicators
|
|
Q1–3/2020 |
Q1–3/2019 |
Change, % |
Q1–4/2019 |
|
Earnings before tax, € million |
526 |
676* |
-22.2 |
838 |
|
Retail Banking |
100 |
193 |
-47.9 |
235 |
|
Corporate Banking |
221 |
232 |
-4.4 |
311 |
|
Insurance |
195 |
278 |
-30.1 |
373 |
|
Other Operations |
39 |
3 |
- |
-37 |
|
New OP bonuses accrued to owner-customers |
-194 |
-191 |
1.8 |
-254 |
|
|
|
|
|
|
|
Return on equity (ROE), % |
4.4 |
6.0 |
-1.6** |
5.5 |
|
Return on equity, excluding OP bonuses, % |
6.0 |
7.6 |
-1.6** |
7.1 |
|
Return on assets (ROA), % |
0.36 |
0.51 |
-0.14** |
0.47 |
|
Return on assets, excluding OP bonuses, % |
0.49 |
0.64 |
-0.15** |
0.60 |
|
|
30 Sep 2020 |
30 Sep 2019 |
Change, % |
31 Dec 2019 |
|
CET1 ratio, % |
18.3 |
19.6 |
-1.3 |
19.5 |
|
Loan portfolio, € billion |
94.2 |
91.0 |
3.5 |
91.5 |
|
Deposits, € billion |
70.7 |
62.6 |
12.8 |
64.0 |
|
Ratio of non-performing receivables to loan and guarantee portfolio, % |
1.7 |
1.1 |
0.6** |
1.1 |
|
Ratio of impairment loss on receivables to loan and guarantee portfolio, % |
0.25 |
0.05 |
0.20** |
0.09 |
|
Owner-customers (1,000) |
2,021 |
1,979 |
2.1 |
2,003 |
*In the fourth quarter of 2019, OP Financial Group adopted an amortisation-based revenue recognition method for the customer margin related to a derivative clause attached to loans with an interest rate cap or interest rate collar. The effect of this change was adjusted retrospectively in OP Financial Group’s retained earnings (under equity). In addition, the income statements and balance sheets for the first three quarters of 2019 were restated to reflect the new revenue recognition practice. The change had no effect on segment reporting. Capital adequacy measurement was not adjusted retrospectively. For more information on this change, see the Financial Statements and the Financial Statements Bulletin for 2019.
**Change in ratio
|
OP Financial Group's strategic targets |
30 Sep 2020 |
31 Dec 2019 |
Target 2025 |
|
Return on equity (ROE excluding OP bonuses), % |
6.0 |
7.1 |
8.0 |
|
CET1 ratio, % |
18.3 |
19.5 |
At least CET1 requirement + 4 pps |
|
Brand recommendations, NPS (Net Promoter Score, private and corporate customers) |
22 |
26 |
30 |
|
Credit rating |
AA-/Aa3 |
AA-/Aa3 |
At least at the level of AA-/Aa3 |