OP Financial Group Posts Stable Q2 Amid Rising Interest Expenses and IT Transition
OP Financial Group delivered a stable second quarter in 2025, with its earnings before tax reaching EUR 537 million, down slightly from EUR 553 million in the same period last year. The group’s CEO, Tuomas Säkkinen, described the results as solid, given the macroeconomic headwinds and the evolving regulatory landscape.
While income from customer business remained strong, increasing by EUR 117 million year-on-year in the first half, the group faced a marked rise in interest expenses. “Deposit-related interest expenses increased significantly, as anticipated, in response to the interest rate environment,” Säkkinen noted.
The group’s second-quarter income totalled EUR 1,436 million, nearly flat compared with EUR 1,438 million in the previous year. Expenses, however, climbed from EUR 778 million to EUR 820 million, driven partly by higher ICT investments and increased staff costs due to earlier collective agreements.
Loan loss provisions remained moderate, and capital adequacy stayed robust, with the CET1 ratio at 17.6%. The group emphasized its ongoing investment in digital infrastructure, with major updates to core systems expected to enhance operational resilience and service delivery.
Sustainability remained a focus area, with over 60% of corporate customer financing tied to ESG metrics. In retail banking, the number of sustainability-linked housing loans rose by 28%, reflecting continued demand for green financial products.
Looking ahead, OP Financial Group is prioritizing core banking system upgrades and continuing its digital transformation, with a focus on improving service channels and reducing complexity across its platforms.
First, please LoginComment After ~