Yksityiskohta OP-Vallilan rakennuksesta.

OP Financial Group's Key Indicators

OP Financial Group’s Interim Report for 1 January–30 September 2020: Earnings before tax EUR 526 million – net interest income and net insurance income increased in an uncertain business environment.

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