Day: February 6, 2025

OP Mortgage BankFinancial Statements Bulletin Stock Exchange Release 6 February 2025 at 10.00 EET OP Mortgage Bank: Financial Statements Bulletin for 1 January‒31 December 2024 OP Mortgage Bank (OP MB) is the covered bond issuing entity of OP Financial Group. Together with OP Corporate Bank plc, its role is to raise funding for OP Financial Group from money and capital markets. Financial standing The intermediary loans and loan portfolio of OP MB totalled EUR 14,800 million (16,988)* on 31 December 2024. Bonds issued by OP MB totalled EUR 14,800 million (14,915) at the end of December. OP MB’s covered bonds after 8 July 2022 are issued under the Euro Medium Term Covered Bond (Premium) programme (EMTCB), pursuant to the Finnish Act on Mortgage Credit Banks and Covered Bonds (151/2022). The collateral is added to the EMTCB cover pool...

OP Financial GroupFinancial Statements BulletinStock Exchange Release 6 February 2025 9.00 am EET Financial Statements Bulletin 1 January–31 December 2024: Excellent business performance continued – full-year operating profit EUR 2,486 million  • Operating profit increased by 21% to EUR 2,486 million (2,050). • Income from customer business, or net interest income, insurance service result and net commissions and fees, increased to EUR 3,805 million (3,605). Net interest income grew by 5% to EUR 2,796 million (2,654). Insurance service result increased by 136% to EUR 192 million (81) and net commissions and fees decreased by 6% to EUR 818 million (870). • Impairment loss on receivables was EUR 96 million (269), or 0.09% (0.26) of the loan and guarantee portfolio. • Investment income increased by 20% to EUR 465 million (389). • Total...

OP Corporate Bank plcFinancial Statements BulletinStock Exchange Release 6 February 2025 at 9.00 am EET OP Corporate Bank plc’s Financial Statements Bulletin 1 January–31 December 2024OP Corporate Bank plc’s operating profit rose to EUR 473 million (329). Total expenses grew by 5% to EUR 773 million (738). Net interest income grew by 8% to EUR 631 million (582). Investment income fell by 35% to EUR 34 million (52). Net commissions and fees grew by 3% to EUR 75 million (73). Impairment loss on receivables decreased to EUR 1 million (96). Total operating expenses decreased by 5% to EUR 298 million (313). The cost/income ratio improved to 39% (42). The loan portfolio grew by 0.8% to EUR 28.3 billion (28.1) year on year. The deposit portfolio increased by 17.3% year on year, to EUR 17.2 billion (14.6). The Corporate Banking and Capital...

Sampo plc, finanacial statement release, 6 February 2025 at 8:30 am EETSampo Group’s results for 2024  • Top-line growth amounted to 12 per cent in 2024 on a currency adjusted basis, with notably strong development in Private in the fourth quarter. • The Group underlying combined ratio improved by 1.5 percentage points, supported by positive trends in the Nordics and in the UK. • The Group underwriting result increased by 13 per cent to EUR 1,316 million (1,164), driven by strong growth and a slight improvement in the Group combined ratio to 84.3 per cent (84.6). • Operating EPS increased by 13 per cent to EUR 2.33 (2.07) on a higher underwriting result and stable investment returns. • Solvency II coverage stood at 177 per cent, net of the proposed dividend, and financial leverage amounted to 26.9 per cent. • The Board proposes a regular...