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: |
|
Insurance: 17 |
Insurance: 16 |
Insurance: |
|
|
Credit rating |
AA-/Aa3 |
AA-/Aa3 |
At least |
*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)