OP Corporate Bank increased the loan portfolio by 8% to EUR 1.7 billion in Lithuania
OP Corporate Bank’s Lithuanian branch continued to expand business financing and grow during the first half of the year. Bank’s revenue increased by 13% to EUR 18.2 million, compared with EUR 16.1 million in the same period last year. Bank reported operating profit of EUR 7.6 million, compared with EUR 9.2 million in the corresponding period a year earlier.
Bank increased financing for businesses by 8%, with OP Corporate Bank’s loan and leasing portfolio in Lithuania reaching EUR 1.7 billion at the end of June, compared with EUR 1.6 billion a year earlier.
Bank also attracted 71% more deposits, increasing its deposit portfolio to EUR 0.7 billion by the end of the reporting period. A year earlier, bank’s deposit portfolio stood at EUR 0.4 billion.
“Large Lithuanian companies are actively seeking growth opportunities – not only in Lithuania but also in international markets – and are investing significantly in their expansion. Our group economists forecast continued growth for the Lithuanian and European economies, although inflation remains elevated, particularly in Lithuania. Increased domestic demand during the first half of the year also supported business revenues, driving higher volumes of banking transactions. As a result, business sentiment remains positive, and we continue to consistently increase financing and expand the range of sectors we support,” says Leda Irzikeviciene, Country Manager at OP Corporate Bank’s Lithuanian branch.
During the first half of the year, bank increased net interest income by 13% to EUR 15.3 million, compared with EUR 13.5 million in the same period last year. Net fee and commission income also grew by 11% to EUR 2.7 million.
Bank’s expenses in Lithuania increased by 9%, reaching EUR 7.9 million. Bank invested in information systems, strengthened artificial intelligence competencies and the team.
According to the Nordic AI Index 2026 compiled by Impaktly, OP Pohjola is among the leading Nordic companies in the use of artificial intelligence. The group is committed to continued investments in technology development and data utilisation.
OP Corporate Bank Lithuanian branch HY1 2026 results
EUR million
| 1-6/2026 | 1-6/2025 | Change, % | 1-12/2025 |
Net interest income | 15,3 | 13,5 | 13,3 | 27,4 |
Impairment loss on receivables | -2,8 | 0,3 | - | 0,0 |
Net commissions and fees | 2,7 | 2,4 | 11,4 | 5,0 |
Operating profit | 7,6 | 9,2 | -18,1 | 17,9 |
Total income | 18,2 | 16,1 | 12,8 | 32,8 |
Total expenses | -7,9 | -7,3 | 8,6 | -14,9 |
Cost/income ratio, % | 43,3 | 45,0 | -1,7* | 43,9 |
EUR billion
| 30 June 2026 | 30 June 2025 | Change, % | 31 Dec 2025 |
Loan portfolio | 1,7 | 1,6 | 7,7 | 1,7 |
Deposits | 0,7 | 0,4 | 71,3 | 0,6 |
* Change in ratio, percentage points.
The results are based on the group’s management accounting data and may differ from the accounting figures of the legal entity due to different accounting principles applied within the group.
During the second quarter, bank signed an agreement and became one of the key sponsors of the conference Lithuanian Business Forum (Lietuvos verslo forumas). The aim is to support Lithuanian companies in achieving sustainable growth and maintaining competitiveness in a rapidly changing environment.
Bank also continues its support for the “Education #1” initiative, contributing to strengthening teacher leadership and improving the quality of education.
OP Corporate Bank’s results in the Baltic countries
Bank also continued to increase revenue and financing for businesses in the Baltic countries. During the first half of the year, bank generated EUR 39.3 million in revenue across Lithuania, Latvia and Estonia – an 8% increase compared with EUR 36.4 million in the same period last year.
In the Baltic countries, bank recorded an operating profit of EUR 11.5 million in the first half of the year, compared with EUR 19.1 million in the corresponding period last year.
Baltic loan and leasing portfolio grew by 10% and reached EUR 3.4 billion at the end of June, compared with EUR 3.1 billion a year earlier. This represents the largest amount of financing the bank has provided to the Baltic economies to date.
Deposit portfolio increased by 33% to EUR 2.1 billion, compared with EUR 1.6 billion a year earlier.
In Q2/2026, OP Corporate Bank recognised a management overlay of EUR 5 million related to the credit process in the Baltic countries.
OP Pohjola results
OP Pohjola, the parent group of OP Corporate Bank, generated EUR 2.139 billion in revenue during the first half of the year – the same level as in the corresponding period last year.
Group reported operating profit of EUR 831 million, 16% lower than in the same period last year, when the group’s operating profit amounted to EUR 990 million.
Group’s total loan portfolio in Finland and the Baltic countries grew by 1.4% by the end of the first half of the year, exceeding EUR 101.1 billion, compared with EUR 99.7 billion a year earlier.
OP Pohjola maintains strong liquidity and financing capacity. The group’s Common Equity Tier 1 (CET1) ratio was 21.3%, which exceeds the minimum regulatory requirement by 7.0 percentage points.
OP Pohjola operates in Finland and the Baltic countries and is the largest financial services group in Finland.
OP Corporate Bank plc's Interim Report HY1 2026.
OP Pohjola's Interim Report HY1 2026.