OP Mortgage Bank posts stable half‑year results as Finnish housing market steadies

OP Asuntoluottopankki Oyj (OP Mortgage Bank) released its half‑year report for 1 January – 30 June 2026. The bank issued covered bonds worth €13.55 billion, with €1.25 billion maturing in June. Net profit for the period was €2.5 million and the financial position remained stable.

During the same period OP Varsinais‑Suomi, the regional bank formed by the merger of OP Lounaisrannikko, OP Lounais‑Suomi, OP Turun Seutu and OP Vakka‑Auranmaa, posted its first half‑year results as a regional bank. Operating profit reached €64.4 million despite a €69.6 million decline in interest‑margin earnings. Total expenses fell 2 % to €47.2 million and fee income rose to €23.9 million. The bank noted a gradual revival in the Finnish housing market, a slower growth in mortgage loans, and a rise in the 12‑month Euribor reference rate to 2.73 %. Community initiatives, including youth financial‑education campaigns and a summer‑job program, were also highlighted.