The Mortgage Society of Finland: Hypo Group's January-June 2018

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The Mortgage Society of Finland: Hypo Group's January-June 2018

The Mortgage Society of Finland: Hypo Group's January-June 2018

The Mortgage Society of Finland

10 August 2018 3:30


Hypo Group's January-June 2018

The home finance specialist Hypo Group's profitability of core business operations strengthened further.


CEO Ari Pauna:

"Urban citizens continue to show interest in owner-occupied housing and state of one's own housing company. Our loan portfolio increased to 2.4 billion representing annula growth of nearly 20 percent. Net interest income and competitiveness continue to improve."


  • Net interest income increased to EUR 5.8 million (EUR 4.0 million 1-6/2017)
  • Non-performing loans remained low at 0.12% of loan book (0.13% 30 June 2017)
  • Net fee and commission income was EUR 1.9 million (EUR 1.9 million 1-6/2017)
  • Other income totaled EUR 1.3 million (EUR 3.1 million 1-6/2017)
  • The contribution to the Financial Stability Authority, which was recognized in full during the first half year, increased total costs despite the cut of operating costs by over 3% compared to the previous year
  • Common Equity Tier 1 (CET1) ratio, as calculated with standard and basic methods, was 12.3% (12.7% on 31 December 2017)


Contact information:

CEO Mr. Ari Pauna, tel. +358 9 228 361, +358 50 353 4690

Chief Risk Officer, deputy to the CEO Mr. Mikko Huopio, tel. +358 9 228 361, +358 50 400 2990

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

Distribution: Nasdaq Helsinki Ltd

Main media

www.hypo.fi

Attachements: Interim Report January-June 2018< /p>

  • Hypo_Interim_Report_Q2_2018.pdf
Source: Google News Finland | Netizen 24 Finland

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