Suomen Hypoteekkiyhdistys

The Mortgage Society of Finland: Hypo Group’s January–December 2020

1.2.2021 15:00:00 EET | Suomen Hypoteekkiyhdistys | Financial Statement Release

The Mortgage Society of Finland: Hypo Group’s January–December 2020
The Mortgage Society of Finland
Financial Statement Release
February 1 2021 Helsinki 3:00 p.m.

Hypo Group’s January–December 2020

The home finance specialist Hypo Group’s net interest income grew and capital adequacy strengthened.

CEO Ari Pauna:

“Focusing on low risk housing collateralized lending in urbanising Finland is yielding profits even as the corona crisis continues. Hypo Group’s net interest income and net fee and commission income grew. CET 1 Capital adequacy continued to strengthen. Impairment losses remained at low level. Liquidity is very strong.”

  • Operating profit was EUR 8.0 million (EUR 8.4 million 1–12/2019)
  • Net interest income increased to EUR 14.6 million (EUR 14.5 million 1–12/2019)
  • Non-performing loans remained low at 0.11% of loan book (0.10% 31 December 2019)
  • Expected credit losses were 0.01% of the loan book
  • Net fee and commission income was EUR 3.7 million (EUR 3.6 million 1–12/2019)
  • Other income totaled EUR 4.2 million (EUR 2.7 million 1–12/2019) including valuation originated net income from securities trading EUR 0.8 million (EUR -0.2 million 1–12/2019)
  • Total costs were EUR 14.4 million (EUR 12.3 million 1–12/2019) including EUR 1.7 million contribution to the Resolution Fund for the year 2020 (EUR 0.9 million 1–12/2019)
  • Common Equity Tier 1 (CET1) ratio, calculated with standard and basic methods, was 13.9% (13.4% on 31 December 2019)
  • Liquidity Coverage Ratio (LCR) was 194.5 % (163.8 %).

GROUP'S KEY FIGURES

(1000 €)

1-12/2020

1-12/2019

10-12/2020

10-12/2019

Net interest income

14 562

14 452

3 787

4 019

Net fee and commission income

3 675

3 562

921

854

Total other income

4 236

2 689

1 617

631

Total expenses

-14 429

-12 296

-3 418

-3 483

Operating profit

8 044

8 407

2 906

2 021

Receivables from the public and public sector entities

2 510 910

2 586 147

2 510 910

2 586 147

Deposits

1 562 234

1 628 793

1 562 234

1 628 793

Balance sheet total

3 213 082

3 230 657

3 213 082

3 230 657

Return on equity % (ROE)

4,9

5,5

7,1

5,3

Common Equity Tier 1 (CET1) ratio

13,9

13,4

13,9

13,4

Cost-to-income ratio, %

63,9

59,6

53,6

63,5

Non-performing assets, % of the loan portfolio

0,11

0,10

0,11

0,10

LTV-ratio, % / Loan to Value, average, %

33,8

35,3

33,8

35,3

Loans  / deposits, %

160,7

158,8

160,7

158,8

Liquidity Coverage Ratio (LCR), %

194,5

163,8

194,5

163,8

Hypo Group's Financial Statement Release can be accessed at https://www.hypo.fi/en/financial-information/

Distribution: Nasdaq Helsinki Ltd, Main media, www.hypo.fi 

Contacts

Ari Pauna

CEO

Mikko Huopio

Deputy to the CEO

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

Alternative languages

Attachments

Subscribe to our company announcements

Keep up to date with our company announcements by subscribing.

Visit our pressroom and see more company announcements from us.

Our pressroom