Three-quarter results: growth in revenue and lending to EUR 1.7 billion

The revenue growth was mainly driven by increased corporate lending. At the end of the period, the loan and leasing portfolio reached EUR 1.7 billion, up 35% from a year earlier, when lending to Lithuanian businesses totalled EUR 1.2 billion.

Profit before tax amounted to EUR 14.7 million, which is 12% lower than the EUR 16.6 million earned in the same period last year.

This quarter, business investments increased, and we expanded our lending to meet companies’ needs to grow their businesses. The highest activity was seen among companies in the energy, real estate and infrastructure, and agriculture sectors. After several years, transport and logistics companies have returned, facing the need to renew their fleets and prepare for the increase in demand expected next year. For twelve years, we have consistently financed Lithuanian businesses, thereby contributing to the strengthening of the country’s economy,” said Leda Irzikeviciene, Country Manager at OP Corporate Bank’s Lithuanian branch.

According to a survey by Kantar, 87% of the bank’s customers – large and medium-sized corporates – plan to invest in business expansion next year.

According to Leda Irzikeviciene, this is a positive sign for the Lithuanian economy, which remains stable and resilient, and is expected to grow even faster next year.

OP Corporate Bank Lithuanian branch first to third quarters 2025 results 

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EUR billion

* Change in ratio, percentage points.

At the end of the third quarter, the bank’s deposit portfolio in Lithuania stood at EUR 0.6 billion, compared to EUR 0.8 billion a year earlier.

The bank’s expenses in Lithuania increased by 28% over the first three quarters, reaching EUR 10.7 million, up from EUR 8.4 million last year. The growth has continued throughout this year, following a change in the OP group’s cost allocation across the Baltic countries and an increase in the number of employees.

OP Corporate Bank is publishing the results for Lithuania and other Baltic countries separately for the third time. This became possible after OP Financial Group, which owns the bank, updated its reporting structure at the beginning of this year. The results are based on the group’s management accounting data and may differ from the figures of the legal entity due to differences in accounting principles within the group.

OP Corporate Bank results in the Baltic countries

Across the Baltic countries, the bank also increased both revenue and lending this year.

During the first nine months, the bank generated EUR 55 million in revenue, which is 4% higher than the EUR 53 million recorded in the same period last year.

In Lithuania, Latvia, and Estonia, the bank earned EUR 29 million in profit before tax, or 6% less than in the same period last year, when operating profit amounted to EUR 31 million.

At the end of the third quarter, the loan and leasing portfolio in the Baltic countries reached EUR 3.3 billion, representing a 24.6% increase compared to the same period last year, when it totalled EUR 2.7 billion.

The deposit portfolio amounted to EUR 1.4 billion, compared to EUR 2 billion a year earlier.

OP Corporate Bank Plc Q1-3 2025 report can be found here‍. ‍

The Group changes its name in Finland

OP Corporate Bank is part of OP Financial Group, the largest financial services group in Finland.

As of October 28, the group has changed its name to OP Pohjola. The group’s insurance company in Finland operates under the Pohjola name, which in Finnish means the North.

In Lithuania, the bank’s name remains unchanged and continues to operate as OP Corporate Bank Lithuanian Branch Until 2016, OP Corporate Bank operated in Lithuania under the Pohjola brand.

OP Group results

During the first nine months of the year, OP group generated EUR 3.393 billion in revenue, which is 7% lower than in the same period last year, when revenue amounted to EUR 3.65 billion.

The group earned EUR 1.715 billion in profit before tax, or 12% less than last year, when profit reached EUR 1.948 billion.

By the end of September, total exposures from green loans and sustainability-linked loans and facilities stood at EUR 9.2 billion, compared to EUR 8.6 billion a year earlier.

OP group maintains a strong liquidity and funding position. Its Common Equity Tier 1 (CET1) capital adequacy ratio stood at 21% at the end of the third quarter, which is 6.7 percentage points above the minimum regulatory requirement.

OP group operates in Finland and the Baltic countries.

OP Pohjola Q1-3 2025 report can be found here.‍