OP Corporate Bank plc's Half-year Financial Report 1 January–30 June 2025
OP Corporate Bank plcHalf-year Financial Report 1 January–30 June 2025Stock Exchange Release 30 July 2025 at 9.00 am EEST
OP Corporate Bank plc's Half-year Financial Report 1 January–30 June 2025
OP Corporate Bank plc's operating profit increased by 38% to EUR 300 million (218).
Total income grew by 11% to EUR 422 million (380). Net interest income grew by 13% to EUR 286 million (253). Investment income increased to EUR 72 million (71). Net commissions and fees decreased by 12% to EUR 33 million (38). Other operating income increased by 63% to EUR 30 million (18).
Impairment loss on receivables reversed came to EUR 26 million. A year ago, impairment loss on receivables totalled EUR 16 million.
Operating expenses remained at the previous year's level at EUR 147 million (147). The cost/income ratio improved to 35% (39).
The loan portfolio grew by 4.1% to EUR 28.5 billion (27.4) year on year. The deposit portfolio increased by 19.5% year on year, to EUR 17.6 billion (14.7).
The Corporate Banking and Capital Markets segment's operating profit increased by 20% to EUR 182 million (152). Net interest income grew by 17% to EUR 161 million (137). Net commissions and fees decreased to EUR 2 million (3). Investment income increased to EUR 70 million (68). Operating expenses increased by 4% to EUR 62 million (60). Impairment loss on receivables reversed came to EUR 9 million. A year ago, impairment loss on receivables reversed came to EUR 1 million. The cost/income ratio improved to 26% (28).
The Asset and Sales Finance Services and Payment Transfers segment's operating profit increased by 46 % to EUR 105 million (72). Net interest income was EUR 108 million (107). Net commissions and fees decreased to EUR 29 million (31). Operating expenses decreased by 4% to EUR 58 million (60). Impairment loss on receivables reversed came to EUR 16 million. A year ago, impairment loss on receivables totalled EUR 17 million. The cost/income ratio was 40% (40).
The Baltics segment's operating profit amounted to EUR 19 million (19). Net interest income grew by 6% to EUR 31 million (29). Net commissions and fees totalled EUR 5 million (5). Operating expenses increased by 17% to EUR 19 million (16). The cost/income ratio weakened to 51% (46).
The Group Functions segment's operating loss was EUR 6 million. A year ago, the operating loss amounted to EUR 25 million. Funding position and liquidity remained strong.
OP Corporate Bank plc's CET1 ratio remained at 14.0% (14.1), which exceeds the minimum regulatory requirement by 4.6 percentage points. The changes in the EU Capital Requirements Regulation (CRR3), which took effect on 1 January 2025, caused a slight reduction in capital adequacy.
OP Corporate Bank plc's key indicators
€ million
H1/2025
H1/2024
Change, %
Q1–4/2024
Operating profit (loss), € million
300
218
37.9
473
Corporate Banking and Capital Markets
182
152
19.8
307
Asset and Sales Finance Services and Payment Transfers
