OP Corporate Bank income in Lithuania grew by 13%, reaching EUR 27.7 million

In the first nine months, bank’s net interest income in Lithuania rose by 14% to EUR 23.3 million, compared with EUR 20.4 million in the same period last year. Net commission and fee income increased by 11% to EUR 4.1 million.

At the end of September, bank’s loan and leasing portfolio in Lithuania stood at EUR 1.6 billion, 3% lower than a year earlier, when it amounted to EUR 1.7 billion. Bank’s deposit portfolio grew by 1% to EUR 0.6 billion.

“Corporate financing market in Lithuania remains active this year, and companies’ demand for financing is strong. We see this particularly in the real estate, transport and manufacturing sectors, where we actively finance our customers’ investments. Sectors that are highly exposed to rising fuel and energy prices are under pressure. Despite continued geopolitical uncertainty, companies are looking ahead, making long-term decisions and pursuing large-scale investments they would not have dared to undertake just a few years ago. We see Lithuanian businesses continuing to invest in growth, efficiency and competitiveness,” says Leda Irzikeviciene, Country Manager at OP Corporate Bank’s Lithuanian branch.

OP Corporate Bank Lithuanian branch Q1-Q3 2026 interim results

 EUR million

EUR billion

* Change in ratio, percentage points

Bank expenses in Lithuania increased by 9% in the first nine months to EUR 11.6 million. Bank continued to invest in information systems, strengthening the team’s expertise and raising brand awareness.

In the third quarter, the bank continued its cooperation with the Lithuanian Business Forum and supported the Education #1 (Švietimas #1) initiative. Bank aims to contribute to business competitiveness and strengthen leadership in the education sector.

Results are based on the Group’s management accounting data and may differ from the legal entity’s accounting figures due to differences in accounting principles applied within the Group. 

OP Corporate Bank’s results in the Baltic States

Bank increased its income and deposits in the Baltic States and expanded the volume of its day-to-day banking services. In the first nine months, bank’s income in Lithuania, Latvia and Estonia rose by 9% to EUR 59.9 million, compared with EUR 54.8 million in the same period last year.

Bank recorded operating profit of EUR 17.1 million in the Baltic States, down from EUR 29.4 million in the same period last year. The decrease was due to EUR 11.1 million in provisions.

Bank’s loan and leasing portfolio in the Baltic States grew by 1% to EUR 3.3 billion at the end of September, the same rounded amount as a year earlier.

Deposit portfolio grew by 28% to EUR 1.9 billion, compared with EUR 1.4 billion a year earlier.

In October, OP Corporate Bank appointed Antti Mettiainen as acting Head of OP Corporate Bank in the Baltic States. He succeeds Matias Huhtala, who led the bank’s Baltic operations for 12 years and is leaving the bank.

 OP Pohjola results

OP Pohjola group, which includes OP Corporate Bank, reported income of EUR 3.262 billion in the first nine months, down 4% from the same period last year, when income was EUR 3.393 billion.

Group recorded operating profit of EUR 1.396 billion, 19% lower than in the same period last year, when operating profit was EUR 1.715 billion.

At the end of September, group’s total loan portfolio in Finland and the Baltic States was 3% higher than a year earlier, exceeding EUR 103.2 billion, compared with EUR 100.2 billion.

OP Pohjola maintains strong liquidity and funding capacity. At the end of the third quarter, the group’s Common Equity Tier 1 (CET1) ratio stood at 21.4%, 7.2 percentage points above the minimum regulatory requirement.

OP Pohjola operates in Finland and the Baltic States. It is Finland’s largest financial services group.

OP Corporate Bank plc Interim Report 1 January–30 September 2026‍

OP Pohjola's Interim Report for 1 January–30 September 2026‍