Loan and leasing portfolios of the Lithuanian branch reached EUR 1.2 billion in 2022
Bank's loan portfolio in Lithuania on 2022 December 31 amounted to EUR 704 million and was 10.2% higher than the previous year. The leasing portfolio reached EUR 482 million and increased by 7.6% during the year. In total, the Lithuanian branch of OP Corporate Bank provided companies with EUR 1.2 billion of financing.
OP Corporate Bank's income in the Baltic countries grew by 39,5% in 2022 and reached EUR 59 million (EUR 42 million in the previous year), and earnings before taxes rose by 18,9% and amounted to EUR 24 million (20). Interest income increased to EUR 49 million (33), commissions and fees amounted to EUR 10 million (9), announced in the Financial Statement 2022.
"We achieved good results in the Baltic countries last year, thanks to our customers and team. We work with large and leading medium-sized companies that had a successful last year, we are happy to be their financial partners", says Matias Huhtala, Head of Baltic Banking.
In total, OP Corporate Bank plc received EUR 564 million of income (661) and earned EUR 265 million of earnings before tax (267). The loan portfolio grew by 7% and reached EUR 28.2 billion (26.2).
OP Financial Group, which includes OP Corporate Bank, received EUR 3.512 billion of income last year (3.186) and earned EUR 1.265 billion of earnings before tax (1.127). OP Financial Group's loan portfolio grew by 2% and reached EUR 99 billion (97).
OP Corporate Bank plc’s Report by the Board of Directors and Financial Statements for 2022 can be found here.
OP Financial Group’s Year 2022 results can be found here.