Bonum Bank Plc published Half Year Report for 1 January - 30 June 2018

Bonum Bank Plc Half-Year Report for 1 January - 30 June 2018

Bonum Bank Plc is part of the amalgamation of POP Banks and responsible for providing the central credit institution services to the 26 POP Banks. The role of the central credit institution is to secure POP Banks’ liquidity and wholesale funding and also ensure POP Bank Group’s payment transfers. In addition, Bonum Bank is responsible for granting and maintaining payment and credit cards for POP Banks’ customers.

During the first half of the year, Bonum Bank has strongly concentrated on supporting POP Banks’ business by developing centralised services of the Group. Since autumn 2017, Bonum Bank has been managing the amalgamation’s liquidity coverage requirement (LCR). LCR has continued to remain stable.

In May, S&P Global Ratings confirmed Bonum Bank’s rating of ‘BBB’ for long-term investment grade and ‘A-2’ for short-term investment grade. The outlook remains stable.

Bonum Bank’s key figures during the period are:

Key ratios (1000 €)

30.6.2018

30.6.2017

31.12.2017

Net interest income

1 104

1 073

2 196

Profit

-128

83

118

Balance sheet total

552 107

490 693

556 310

Common equity Tier 1 capital ratio, (CET1) %

42,0

30,4

53,2

Cost-to-income ratio, %

100,64

94,44

95,63

ROA

-0,05

0,04

0,05

ROE

-0,80

0,77

0,88

Equity ratio, %

5,72

4,45

5,75

POP Bank Group’s half-year report is available at www.poppankki.fi.

Further information:

Interim CEO Kirsi Salo, tel: +358 40 650 0411, kirsi.salo@poppankki.fi

Distribution:
Nasdaq Helsinki Oy
www.bonumpankki.fi

ATTACHMENT: Bonum Bank Plc Half-Year Report 1 January – 30 June 2018