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2017 EU-wide Transparency Exercise Summary - OP Financial Group

Core Content Overview

The document presents the results of the 2017 EU-wide Transparency Exercise for OP Financial Group, including capital structure, leverage ratios, risk exposure amounts, and P&L statements. The data is reported for two periods: As of 31/12/2016 and As of 30/06/2017, and is structured according to the Capital Requirements Regulation (CRR).

Capital Structure (Transitional Period)

Own Funds

• Own Funds: Increased from 10,192 mln EUR (31/12/2016) to 10,753 mln EUR (30/06/2017)
• CET1 Capital: Increased from 8,872 mln EUR to 9,479 mln EUR
  • CET1 Capital (fully loaded): Increased from 8,796 mln EUR to 9,479 mln EUR
• Tier 1 Capital: Increased from 8,954 mln EUR to 9,561 mln EUR
• Tier 2 Capital: Decreased from 1,239 mln EUR to 1,193 mln EUR

Capital Ratios

• CET1 Capital Ratio (transitional): Decreased from 20.12% to 19.10%
• Tier 1 Capital Ratio (transitional): Decreased from 20.30% to 19.26%
• Total Capital Ratio (transitional): Decreased from 23.11% to 21.66%

Key Deductions from CET1 Capital

• Retained earnings: Increased from 5,491 mln EUR to 5,906 mln EUR
• Accumulated other comprehensive income: Increased from -484 mln EUR to -441 mln EUR
• Intangible assets (including Goodwill): Decreased from 620 mln EUR to 668 mln EUR
• IRB shortfall of credit risk adjustments: Decreased slightly from -309 mln EUR to -311 mln EUR
• Deductible DTAs: No change from 0 mln EUR
• Transitional adjustments: Increased from 77 mln EUR to 0 mln EUR

Leverage Ratio

• Tier 1 capital (transitional definition): Increased from 8,954 mln EUR to 9,561 mln EUR
• Tier 1 capital (fully phased-in definition): Increased from 8,796 mln EUR to 9,479 mln EUR
• Leverage ratio (transitional definition): Increased from 7.5% to 7.8%
• Leverage ratio (fully phased-in definition): Increased from 7.3% to 7.7%
• Total leverage ratio exposures: Increased from 120,257 mln EUR to 122,588 mln EUR

Risk Exposure Amounts

Total Risk Exposure Amount

• As of 31/12/2016: 44,101 mln EUR
• As of 30/06/2017: 49,642 mln EUR

Breakdown by Risk Type

• Credit Risk: Increased from 38,853 mln EUR to 39,169 mln EUR
• Market Risk:
  • Equities: Decreased from 14 mln EUR to 0 mln EUR
  • Foreign exchange risk: Decreased from 7 mln EUR to 0 mln EUR
  • Commodities risk: No change at 0 mln EUR
  • Total Market Risk: Increased from 1,329 mln EUR to 1,884 mln EUR

P&L Statement

Operating Income

• Total operating income (net): Decreased from 2,430 mln EUR to 1,234 mln EUR
  • Interest income: Decreased from 2,198 mln EUR to 996 mln EUR
  • Interest expenses: Decreased from 1,145 mln EUR to 470 mln EUR
  • Net Fee and commission income: Decreased from 583 mln EUR to 310 mln EUR

Profit or Loss

• Profit or loss before tax from continuing operations: Decreased from 1,220 mln EUR to 597 mln EUR
• Profit or loss after tax from continuing operations: Decreased from 1,084 mln EUR to 517 mln EUR
• Profit or loss for the year: Decreased from 1,084 mln EUR to 517 mln EUR

Other Income/Expenses

• Gains or losses on financial assets: Decreased slightly from 122 mln EUR to 104 mln EUR
• Net other operating income/(expenses): Decreased from 130 mln EUR to 70 mln EUR

Capital Risk - Standardised Approach

Consolidated Data (Finland)

• Central governments or central banks: Increased from 12,215 mln EUR to 12,864 mln EUR
• Regional governments or local authorities: Increased from 3,524 mln EUR to 3,735 mln EUR
• Public sector entities: Decreased from 402 mln EUR to 340 mln EUR
• Multilateral Development Banks: Slight changes from 838 mln EUR to 852 mln EUR
• Corporates: Decreased from 1,832 mln EUR to 1,765 mln EUR
  • SME: Decreased from 1,157 mln EUR to 1,132 mln EUR
  • Retail: Increased from 3,416 mln EUR to 3,800 mln EUR
• Secured by mortgages on immovable property: Slight changes from 569 mln EUR to 577 mln EUR
• Exposures in default: Increased from 20 mln EUR to 19 mln EUR
• Standardised Total: Decreased from 23,890 mln EUR to 24,811 mln EUR

Other Countries (Germany, Sweden)

• Germany:
  • Central governments or central banks: Increased from 434 mln EUR to 455 mln EUR
  • Regional governments or local authorities: Decreased from 1,484 mln EUR to 1,461 mln EUR
  • Standardised Total: No significant changes, with most categories at 0 mln EUR
• Sweden:
  • Central governments or central banks: No data available
  • Regional governments or local authorities: Slight changes from 111 mln EUR to 111 mln EUR
  • Corporates: No significant changes
  • Retail: No significant changes
  • Standardised Total: No significant changes, with most categories at 0 mln EUR

Key Information

• Regulation: The data is based on Articles 4(118), 72, 50, 26, 32–35, 36, 40, 42, 48, 84, 89–91, 153, 155, 159, 243, 244, 258, 338, 363, 379, 469–487 of the CRR.
• Corep Code: The capital and risk exposure data is categorized using specific Corep codes for reporting and compliance.
• Transitional Adjustments: These are applied to align with the phased-in capital requirements, with most categories showing no changes or minimal adjustments.
• Leverage Ratio: Calculated using both transitional and fully phased-in definitions, showing a slight increase in both periods.
• Risk Exposure: The total risk exposure amount increased significantly, driven mainly by credit risk and market risk.