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Monday, 27 May, 2024
Home BUSINESSOP posts strong results for fiscal 2015
Fri, 05 Feb, 2016 12:02:11 AM
FTimes – STT Report, Feb 5
Reijo Karhinen, President and Group Executive Chairman financial Group OP announced the financial report in Helsinki on Thursday. Photo – Lehtikuva.
Despite the recession of the Finnish economy in recent years, the OP Pohjola Financial group has remained firm on the growth path.
The OP Financial Group has at the same time managed to beat competitors to the market share in many sectors.
OP's strong expenditure also continued last year. The financial group's earnings before tax were euro 1.1 billion, the financial group’s all-time high.
Reijo Karhinen, President and Group Executive Chairman expressed delight at the 6 percent growth in the loan portfolio and an almost 10 percent increase in corporate loan portfolio.
“Emphasis on growth - our strategic basis - at the same time maintains the required competition in the Finnish financial market,” said Karhinen, adding that cooperative ideology will continue to be the company's strategic basis maximising benefits for the company's owner-customers guide of choices and business.
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