OP Corporate Bank in Lithuania increased first-quarter profit by 30% and loan portfolio by 8%
OP Corporate Bank’s Lithuanian branch started the year with strong growth. In the first quarter, the bank’s income increased by 10% to EUR 8.9 million, compared with EUR 8.0 million in the same period last year. Profit rose by 30% to EUR 5.5 million, up from EUR 4.2 million earned in Lithuania during the first quarter of last year.
At the end of the first quarter, the bank’s loan and leasing portfolio stood at EUR 1.6 billion, 8% higher than a year earlier, when lending to Lithuanian businesses totalled EUR 1.5 billion. The bank’s deposit portfolio in Lithuania reached EUR 0.6 billion at the end of the quarter, representing a 48% increase compared with EUR 0.4 billion a year ago.
“Businesses are not putting long-term investments on hold despite rising energy prices and increased instability in supply chains. Growing inflation and the unresolved conflict in the Middle East are increasing uncertainty, however, our group economists consider a short-term disruption scenario to be the most likely. This means that oil prices are expected to decline over the coming months, while companies can continue to look ahead to year of expansion, driven by sharply increased domestic demand and strengthening key export markets,” said Leda Irzikeviciene, Country Manager at OP Corporate Bank’s Lithuanian branch.
During the first quarter, the bank increased net interest income by 10% to EUR 7.5 million, compared with EUR 6.8 million in the same period last year. Net commission income also grew by 7% to EUR 1.3 million.
The bank’s operating expenses in Lithuania increased by 6% in the first quarter, reaching EUR 3.9 million.
This year, the bank continues to support the “Education #1” (Švietimas #1) initiative, contributing to stronger teacher leadership and improvements in the quality of education.
OP Corporate Bank Lithuanian branch Q1 2026 results
EUR million
| 1-3/2026 | 1-3/2025 | Change, % | 1-12/2025 |
Net interest income | 7.5 | 6.8 | 10.2 | 27.4 |
Impairment loss on receivables | 0.5 | -0.2 | 0.0 | 0.0 |
Net commissions and fees | 1.3 | 1.2 | 7.2 | 5.0 |
Operating profit | 5.5 | 4.2 | 29.5 | 17.9 |
Total income | 8.9 | 8.0 | 10.4 | 32.8 |
Total expenses | -3.9 | -3.7 | 6.1 | -14.9 |
Cost/income ratio, % | 44 | 45 | -1.0* | 43.9 |
EUR billion
| 31 Mar 2026 | 31 Mar 2025 | Change, % | 31 Dec 2025 |
Loan portfolio | 1.6 | 1.5 | 7.9 | 1.7 |
Deposits | 0.6 | 0.4 | 47.7 | 0.6 |
* Change in ratio, percentage points.
The results are reported based on group management accounting data and may differ from the legal entity’s financial statements due to different accounting principles within the group.
OP Pohjola group results
OP Pohjola, the parent group of OP Corporate Bank, reported income of EUR 792 million in the first quarter, down 20% from EUR 989 million in the same period last year. Income from customer business remained unchanged, while the group’s investment income fell.
The group’s operating profit was EUR 160 million, a decrease of 62% compared with the same period last year, when operating profit totalled EUR 423 million. Operating profit was eroded especially by income from investment activities, falling by EUR 224 million year on year, due to falling share prices and higher interest rates.
At the end of the first quarter, the group’s total loan portfolio across Finland and the Baltic states increased by 1% to EUR 100 billion, compared with EUR 99.1 billion a year earlier.
OP Pohjola continues to maintain strong liquidity and funding capacity. The group’s Common Equity Tier 1 (CET1) ratio stood at 21.5% at the end of the first quarter, 7.3 percentage points above the minimum regulatory requirement.
OP Pohjola operates in Finland and the Baltic states and is the largest financial services group in Finland.
OP Corporate Bank plc's Interim Report Q1 2026.
OP Pohjola's Interim Report Q1 2026.