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OP Financial Group's Key Indicators

OP Financial Group’s Half-year Financial Report for 1 January–30 June 2022:Earnings before tax EUR 459 million – a good result in an uncertain business environment.

OP Financial Group's key indicators

 

H1/2022 

H1/2021 

Change, % 

Q1–4/2021 

Earnings before tax, € million 

459 

561 

-18.1 

1,127 

Retail Banking 

136 

138 

-1.9 

304 

Corporate Banking 

91 

276 

-66.9 

474 

Insurance 

205 

220 

-7.1 

504 

Group Functions 

-24 

-51 

-109 

New OP bonuses accrued to owner-customers, € million 

107 

103 

4.0 

210 

  

  

  

  

  

Return on equity (ROE), % 

5.4 

6.9 

-1.5* 

6.6 

Return on equity, excluding OP bonuses, % 

6.6 

8.1 

-1.5* 

7.8 

Return on assets (ROA), % 

0.44 

0.55 

-0.11* 

0.54 

Return on assets, excluding OP bonuses, % 

0.54 

0.65 

-0.11* 

0.64 

 

30 Jun 2022 

30 Jun 2021 

Change, % 

31 Dec 2021 

CET1 ratio, %  

17.6 

18.3 

-0.7* 

18.2 

Loan portfolio, € billion 

98.2 

94.7 

3.7 

96.9 

Deposits, € billion 

75.5 

73.6 

2.6 

75.6 

Ratio of non-performing exposures to exposures, % 

 2.4 

2.4 

0.0* 

2.4 

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

0.20 

0.07 

0.13* 

0.16 

Owner-customers (1,000)  

2,057 

2,039 

0.9 

2,049 

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

*Change in ratio

Strategic targets

OP Financial Group’s strategic targets 

30 Jun 2022 

31 Dec 2021 

Target 2025

Return on equity (ROE excluding OP bonuses), % 

6.6

7.8

8.0

CET1 ratio, % 

17.6 

18.2 

At least CET1 requirement + 4 pps*  

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

Banking: 28 

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 June-end capital adequacy requirement was 13.7%.

**Average of quarters (per financial year)