Half-year 2025 results: business financing increased to EUR 1.6 billion
OP Corporate Bank’s Lithuanian branch actively increased its lending volumes and interest income during the first half of the year. Total revenues reached EUR 16.1 million, remaining at the same level as in the previous year. Net interest income rose by 3% to EUR 13.5 million, compared to EUR 13.1 million in the same period the year before. Interest income grew despite declining interest rates, driven by expanding lending volumes.
The loan and leasing portfolio for businesses grew by 22% year-on-year, reaching EUR 1.6 billion at the end of June, compared to EUR 1.3 billion a year earlier. The deposit portfolio increased by 47% to EUR 0.4 billion, up from EUR 0.3 billion last year.
During the first half year, the branch generated EUR 9.2 million in operating profit, compared to EUR 10.7 million in the same period last year.
“Businesses are increasing their investments. We see more activity in residential construction and infrastructure companies launching new projects again. The transport and logistics sector is renewing its assets, and agribusiness is preparing for the harvest season. Demand for green energy and transformation-related investments remains steady. While economic uncertainty is still high and companies remain cautious, concerns about tariffs and trade wars have eased. The economy continues to grow, Euribor is expected to decline further, and companies are feeling more optimistic about the autumn and the year ahead,” says Leda Irzikeviciene, Country Manager at OP Corporate Bank’s Lithuanian branch.
Due to the revised cost allocation within the OP group across the Baltic countries and an increase in personnel, the Lithuanian branch’s expenses rose by 38% to EUR 7.3 million, compared to EUR 5.2 million in the previous year.
OP Corporate Bank operates in Finland and the Baltic countries. The bank exclusively serves large and medium-sized enterprises and organizations.
This is the first year that OP Corporate Bank is reporting results for Lithuania and the other Baltic states separately. This was made possible by an updated financial reporting structure of the group.
The results are based on management accounting data and may differ from the figures of the legal entity due to internal accounting principles.
OP Corporate Bank Lithuanian branch half-year 2025 results
EUR million | H1/2025 | H1/2024 | Change, % | Q1-4 2024 |
Net interest income | 13.5 | 13.1 | 3.3 | 25.9 |
Impairment loss on receivables | 0.3 | -0.2 | 0 | -2.3 |
Net commissions and fees | 2.4 | 2.9 | -16.3 | 5.4 |
Operating profit | 9.2 | 10.7 | -13.8 | 17.3 |
Total income | 16.1 | 16.1 | 0.2 | 31.6 |
Total expenses | -7.3 | -5.2 | 38.5 | -12.1 |
Cost/income ratio, % | 45.0 | 32.5 | 12.5* | 38.0 |
EUR billlion | 30 Jun 2025 | 30 Jun 2024 | Change, % | 31 Dec 2024 |
Loan portfolio | 1.6 | 1.3 | 22.1 | 1.4 |
Deposits | 0.4 | 0.3 | 47.4 | 0.6 |
* Change in ratio, percentage points.
OP Corporate Bank results in the Baltics
The bank also demonstrated growth in the Baltic countries. Half-year revenues increased by 4.7% to EUR 36 million, up from EUR 35 million in the same period last year. Operating profit in Lithuania, Latvia, and Estonia remained stable at EUR 19 million.
The loan and leasing portfolio across the Baltics grew by 17.6% to EUR 3.1 billion, from EUR 2.6 billion a year earlier. Deposits increased by 5% to EUR 1.6 billion, from EUR 1.5 billion in the previous year.
OP Financial Group results
OP Corporate Bank is part of OP Financial Group, the largest financial services group in Finland. The Group reached total revenues of EUR 2.139 billion during the first half of the year, compared to EUR 2.4 billion a year ago.
Operating profit was EUR 990 million, a 19.5% decrease compared to EUR 1.229 billion last year.
The Group’s green loans and sustainability-linked loan and facility portfolio in Finland and the Baltic countries stood at EUR 8.5 billion at the end of June, a year earlier, it was EUR 8.6 billion.
OP Financial Group maintains strong liquidity and funding capacity. The CET1 ratio stands at 20.8%, which is 6.1 percentage points above the minimum regulatory requirement.
OP Corporate Bank Plc Half-year 2025 Financial Report can be found here.
OP Financial Group Half-year 2025 Financial Report can be found here.