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2021-11-01

The Mortgage Society of Finland: Hypo Group's January-September 2021

The Mortgage Society of Finland: Hypo Group's January-September 2021
The Mortgage Society of Finland
Interim report Q3 
Helsinki 1 November 2021 5:00 p.m.

Hypo Group’s January–September 2021

The home finance specialist Hypo Group’s operating profit grew 39 percent.

CEO Ari Pauna:

“Focusing on low risk housing collateralized lending in urbanising Finland has brought security
throughout the whole corona crisis. Hypo Group’s net interest income and net fee and commission income continued to grow, and CET 1 Capital adequacy and liquidity remained strong. Impairment losses remained at low level.”

  • Operating profit grew to EUR 7.1 million (EUR 5.1 million 1–9/2020)
  • Net interest income increased to EUR 12.8 million (EUR 10.8 million 1–9/2020)
  • Non-performing loans remained low at 0.20% of loan book (0.11% 31 December 2020)
  • Expected credit losses were 0.01% of the loan book
  • Net fee and commission income grew to EUR 3.1 million (EUR 2.8 million 1–9/2020)
  • Other income grew to EUR 3.4 million (EUR 2.6 million 1–9/2020) including valuation
    originated net income from securities trading EUR 1.1 million (EUR 0.4 million 1–9/2020)
  • Total costs grew to EUR 12.2 million (EUR 11.0 million 1–9/2020) including EUR 1.9 million
    contribution to the Resolution Fund for the year 2021 (EUR 1.7 million 1–9/2020)
  • Common Equity Tier 1 (CET1) ratio, calculated with standard and basic methods, was
    13.4% (13.9% on 31 December 2020)
  • Liquidity Coverage Ratio (LCR) was 151.1 % (194.5% on 31 December 2020).
GROUP'S KEY FIGURES
(1000 €)1-9/20211-9/20207-9/20217-9/20202020
Net interest income12 83510 7764 2153 49014 562
Net fee and commission income 3 1162 7559138803 675
Total other income3 4292 6191 0641 4884 236
Total expenses-12 236-11 011-3 500-2 909-14 429
Operating profit7 1445 1382 6922 9498 044
Receivables from the public and public sector entities2 644 1732 520 4412 644 1732 520 4412 510 910
Deposits1 610 3511 504 2721 610 3511 504 2721 562 234
Balance sheet total3 287 5313 184 0513 287 5313 184 0513 213 082
Return on equity % (ROE)5,54,26,37,24,9
Common Equity Tier 1 (CET1) ratio 13,413,813,413,813,9
Cost-to-income ratio, %63,067,956,049,663,9
Non-performing assets, % of the loan portfolio0,200,130,200,130,11
LTV-ratio, % / Loan to Value, average, %33,433,833,433,833,8
Loans  / deposits, %164,2167,6164,2167,6160,7
Liquidity Coverage Ratio (LCR), %151,1180,5151,1180,5194,5
Net Stable Funding Ratio (NSFR), %115,8113,5115,8113,5107,0
Leverage Ratio (LR), %3,73,83,73,83,8

Hypo Group's Interim Report can be accessed at http://www.hypo.fi/en/financial-information/

Distribution:
Nasdaq Helsinki Ltd
Main media
http://www.hypo.f

Contacts

  • Ari Pauna, CEO, +358 50 353 4690
  • Mikko Huopio, Deputy CEO, +358 50 400 2990

About Suomen Hypoteekkiyhdistys

The Mortgage Society of Finland Group is the only nationwide expert organization specialized in home financing and housing in Finland. Hypo Group grants mortgages as well as renovation loans and consumer loans, both secured by residential property collateral, for first-time and other homebuyers. Hypo Group continuously develops new ways and models for housing and home financing.

Read more: www.hypo.fi

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