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OP Financial Group's Key Indicators

OP Financial Group’s Half-year Financial Report for 1 January–30 June 2021: Earnings before tax EUR 561 million – strong increase in total income, a decrease in impairment loss on receivables

OP Financial Group's key indicators

 

 

Q1/2021 

Q1/2020 

Change, % 

Q1–4/2020 

Earnings before tax, € million 

265 

129 

105.6 

785 

Retail Banking 

66 

771.1 

115 

Corporate Banking 

115 

14 

745.2 

349 

Insurance 

117 

59 

98.0 

348 

Other Operations 

-22 

57 

-138.2 

New OP bonuses accrued to owner-customers, € million 

-51 

-65 

-20.9 

-255 

         

Return on equity (ROE), % 

6.5 

3.1 

3.4* 

5.0 

Return on equity, excluding OP bonuses, % 

7.6 

4.7 

3.0* 

6.6 

Return on assets (ROA), % 

0.52 

0.26 

0.26* 

0.42 

Return on assets, excluding OP bonuses, % 

0.61 

0.39 

0.22* 

0.55 

 

31 Mar 2021 

31 Mar 2020 

Change, % 

31 Dec 2020 

CET1 ratio, %  

18.1 

17.7 

0.5* 

18.9 

Loan portfolio, € billion 

93.8 

93.0 

0.9 

93.6 

Deposits, € billion 

71.3 

64.8 

10.0 

70.9 

Ratio of non-performing receivables to exposures, %** 

2.4 

2.0 

0.4* 

2.5 

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

0.09 

0.44 

-0.35* 

0.23 

Owner-customers (1,000)  

2,032 

2,007 

1.3 

2,025 

         

*Change in ratio 
**The name and content of the ratio was changed in Q1/2021. Comparatives have been adjusted accordingly. More detailed information on the change can be found under table Forborne loans and non-performing receivables in the Risk exposure section. 

OP Financial Group’s strategic targets 

31 Mar 
2021 

31 Dec 
2020 

Target 2025 

Return on equity (ROE excluding OP bonuses), % 

7.6 

6.6 

8.0  

CET1 ratio, % 

18.1 

18.9 

At least CET1 requirement  
+ 4 pps  

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

20 

23 

30  

Credit rating 

AA-/Aa3 

AA-/Aa3 

At least  
at the level of  
AA-/Aa3  

*Average of quarters (per year)