the OP bank group’s profit grew 11 percent compared to a year ago. July-September profit before taxes was eur 291 million, when it last year’s corresponding period was eur 262 million. Revenues grew in the retail banking sector and fall in the insurance business.
the net interest margin rose seven percent to 314 million euros. Total income fell by nearly one per cent to 760 million euros. Expenses fell 2.5 percent to 411 million euros.
during the Third quarter, OP bank group reclassified the Helsinki vallila located in, the year before last with the completion of the headquarters held for sale long-term asset. Possible trade upon implementation of the OP would continue in the property as tenants.
Autumn others the negotiations are still ongoing
the OP bank group is during the fall, announced the two sets of negotiations of the central community group home. Company bank and insurance business OP the abolition 300 and create the same 185 new task. Negotiations, the net effect was thus 115 jobs.
Among the support functions of 1 900 people, and the estimated reduction need is a maximum of 290 assignment.
the world economy’s uncertain outlook outlook for the financial group’s operations.
– Uncertainties, interest rates have fallen, partly historical low, even negative. It requires constant action as well as the bank – insurance business, general manager of Timo Ritakallio said in the announcement.
Ritakallio is concerned about consumers ‘ weakening confidence in the Finnish economy and employment growth has stopped. According to him, household consumption and investment opportunities should not soon weaken.
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