OP Financial Group's key indicators
|
|
Q1/2022 |
Q1/2021 |
Change, % |
Q1–4/2021 |
|
Earnings before tax, € million |
189 |
265 |
-28.6 |
1,127 |
|
Retail Banking |
54 |
66 |
-18.1 |
304 |
|
Corporate Banking |
3 |
115 |
-97.2 |
474 |
|
Insurance |
100 |
117 |
-14.0 |
504 |
|
Group Functions |
11 |
-22 |
- |
-109 |
|
New OP bonuses accrued to owner-customers, € million |
-54 |
-51 |
- |
-210 |
|
Return on equity (ROE), % |
4.6 |
6.5 |
-1.9* |
6.6 |
|
Return on equity, excluding OP bonuses, % |
5.8 |
7.6 |
-1.8* |
7.8 |
|
Return on assets (ROA), % |
0.38 |
0.52 |
-0.14* |
0.54 |
|
Return on assets, excluding OP bonuses, % |
0.47 |
0.61 |
-0.14* |
0.64 |
|
|
31 Mar 2022 |
31 Mar 2021 |
Change, % |
31 Dec 2021 |
|
CET1 ratio, % |
18.4 |
18.1 |
0.3* |
18.2 |
|
Loan portfolio, € billion |
97.4 |
93.8 |
3.8 |
96.9 |
|
Deposits, € billion |
74.8 |
71.3 |
4.9 |
75.6 |
|
Ratio of non-performing exposures to exposures, % |
2.5 |
2.4 |
0.1* |
2.4 |
|
Ratio of impairment loss on receivables to loan and guarantee portfolio, % |
0.11 |
0.09 |
0.01* |
0.16 |
|
Owner-customers (1,000) |
2,053 |
2,032 |
1.0 |
2,049 |
Comparatives deriving from the income statement are based on figures for the corresponding periods a year ago. Unless otherwise specified, balance-sheet and other cross-sectional figures on 31 December 2021 are used as comparatives.
*Change in ratio
Strategic targets
|
OP Financial Group’s strategic targets |
31 Mar 2022 |
31 Dec 2021 |
Target 2025 |
|
|
Return on equity (ROE excluding OP bonuses), % |
5.8 |
7.8 |
8.0 |
|
|
CET1 ratio, % |
18.4 |
18.2 |
At least CET1 requirement + 4 pps* |
|
|
Brand recommendations, NPS (Net Promoter Score, personal and corporate customers)** |
Banking: 27 |
Banking: |
Banking: |
|
|
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 March-end capital adequacy requirement was 13.7%.
**Average of quarters (per financial year)