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

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

The Mortgage Society of Finland 

Half Year Financial Report 

Helsinki 31 August 2021 3:00 p.m.

Hypo Group’s January–June 2021

The home finance specialist Hypo Group’s operating profit grew 103 percent and reached a historically good level of EUR 4.5 million.

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 was EUR 4.5 million (EUR 2.2 million 1–6/2020)
• Net interest income increased to EUR 8.6 million (EUR 7.3 million 1–6/2020)
• Non-performing loans remained low at 0.13% 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 2.2 million (EUR 1.9 million 1–6/2020)
• Other income totaled EUR 2.4 million (EUR 1.1 million 1–6/2020) including valuation originated net income from securities trading EUR 0.7 million (EUR -0.1 million 1–6/2020)
• Total costs grew to EUR 8.7 million (EUR 8.1 million 1–6/2020) including EUR 1.9 million contribution to the Resolution Fund for the year 2021 (EUR 1.7 million 1–6/2020)
• Common Equity Tier 1 (CET1) ratio, calculated with standard and basic methods, was 13.3% (13.9% on 31 December 2020)
• Liquidity Coverage Ratio (LCR) was 170.9 % (194.5% on 31 December 2020).

GROUP'S KEY FIGURES
(1000 €)	1-6/2021	1-6/2020	4-6/2021	4-6/2020	2020
Net interest income	8 621	7 286	4 595	3 575	14 562
Net fee and commission income	2 204	1 875	1 335	1 034	3 675
Total other income	2 364	1 131	1 092	764	4 236
Total expenses	-8 736	-8 102	-3 657	-4 188	-14 429
Operating profit	4 453	2 189	3 364	1 185	8 044
Receivables from the public and public sector entities	2 615 585	2 505 422	2 615 585	2 505 422	2 510 910
Deposits	1 645 786	1 523 096	1 645 786	1 523 096	1 562 234
Balance sheet total	3 288 994	3 230 719	3 288 994	3 230 719	3 213 082
Return on equity % (ROE)	5,1	2,7	7,9	3,0	4,9
Common Equity Tier 1 (CET1) ratio	13,3	13,7	13,3	13,7	13,9
Cost-to-income ratio, %	66,3	78,4	52,1	77,1	63,9
Non-performing assets, % of the loan portfolio	0,13	0,24	0,13	0,24	0,11
LTV-ratio, % / Loan to Value, average, %	33,8	34,5	33,8	34,5	33,8
Loans  / deposits, %	158,9	164,5	158,9	164,5	160,7
Liquidity Coverage Ratio (LCR), %	170,9	242,1	170,9	242,1	194,5
Net Stable Funding Ratio (NSFR), %	114,6	113,0	114,6	113,0	107,0
Leverage Ratio (LR), %	3,7	3,7	3,7	3,7	3,8

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.fi