trending Market Intelligence /marketintelligence/en/news-insights/trending/t_h15eqwNQYZATPJnYsLiQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

OP Corporate Bank's Q4'16 profit dips YOY

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

OP Corporate Bank's Q4'16 profit dips YOY

OP Financial Group unit OP Yrityspankki Oyj, or OP Corporate Bank, on Feb. 2 reported consolidated fourth-quarter 2016 profit attributable to owners of the parent of €79 million, compared to €92 million in the year-ago period.

Net interest income amounted to €50 million, down from €56 million in the fourth quarter of 2015. Net commissions and fees for the quarter amounted to negative €14 million, compared to income of €6 million last year.

Net insurance income for the quarter rose year over year to €135 million from €124 million, while net investment income rose to €94 million from €47 million.

For the full year 2016, the lender reported attributable profit of €399 million, down from €517 million in 2015. Full-year net interest income increased on a yearly basis to €228 million from €220 million, while net commissions and fees declined to negative €4 million from income of €37 million.

ROE was 10.4% for 2016, compared to 14.8% a year ago. The bank's common equity Tier 1 ratio stood at 14.9% as of Dec. 31, 2016, against the target of 15%, compared to 14.1% at the end of 2015.

OP Corporate Bank reported consolidated 2016 pretax earnings of €504 million, down from €625 million in the year-ago period.

The lender expects group pretax earnings in 2017 to be about the same as in 2016, or lower.