The Mortgage Society of Finland: Hypo Group's January-September 2017

The Mortgage Society of Finland
Interim Report Release
Helsinki, 31 October 3:30 p.m.

Hypo Group's January-September 2017

The home finance specialist Hypo's net interest income and competitiveness strengthen further.

CEO Ari Pauna:

"Hypo's loan portfolio grew to EUR 2.1 billion as a growing number of urban citizens choose Hypo to finance their home or housing company mortgage. The positive development of Hypo's core business continues despite low interest rates and narrowing margins." 

• Net interest income increased to EUR 6.3 million (EUR 3.6 million 1-9/2016)
• Low risk loan portfolio secured by housing collateral continued to grow faster than the market
• Non-performing loans remained low and impairment losses were 0 euros
• Net fee and commission income decreased to EUR 2.7 million (EUR 3.6 million 1-9/2016) due to decrease in land trustee service profits.
• Common Equity Tier 1 (CET1) ratio, as calculated with standard and basic methods, was 13.0% (13.6% on 31 December 2016)

 

GROUP'S KEY FIGURES
(1000 €)	1-9/2017	1-9/2016	7-9/2017	7-9/2016	2016
Net interest income	6 280	3 610	2 329	1 561	5 386
Net fee and commission income	2 690	3 550	807	1 051	4 439
Total other income	4 048	6 312	979	1 133	7 924
Total expenses	-8 109	-7 215	-2 340	-2 094	-10 403
Operating profit	4 909	6 257	1 775	1 650	7 347
Receivables from the public and public sector entities	2 130 428	1 756 349	2 130 428	1 756 349	1 806 440
Deposits	1 311 950	1 155 648	1 311 950	1 155 648	1 203 042
Balance sheet total	2 640 119	2 232 311	2 640 119	2 232 311	2 305 218
Common Equity Tier 1 (CET1) ratio	13,0	13,0	13,0	13,0	13,6
Cost-to-income ratio,%	62,4	53,5	57,0	56,0	57,1
Non-performing assets, % of the loan portfolio	0,13	0,19	0,13	0,19	0,11
LTV-ratio, % / Loan to Value, average, %	37,7	39,0	37,7	39,0	38,4
Loans  / deposits, %	162,4	152,0	162,4	152,0	150,2

Contact information:              CEO Mr. Ari Pauna, tel. [phone]
Deputy CEO, Chief Risk Officer Mikko Huopio, tel. [phone],
[phone]

Interim Report Release Q3 2017

---

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Suomen Hypoteekkiyhdistys via Globenewswire