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

 Bonum Bank Plc

 Half-Year Report 22.8.2018 at 9:00

 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

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

Bonum Bank briefly

Bonum Bank provides clearing, settlement and treasury services for POP Banks. Bonum Bank is an internal bank in the POP Bank group. As a central credit institution it provides banking services for other POP Banks hence reducing need for outside service providers. The objective is to provide necessary central bank services for POP Banks and later extend the services when needed.

Bonum Bank is supervised by the Financial Supervisory Authority, Snellmaninkatu 6, PO Box 103, FI-00101 Helsinki, (Tel) +358 9 183 51, www.finanssivalvonta.fi.

The bank is a member of the Federation of Finance Finland, address Itämerenkatu 11-13, FI-00180 Helsinki, www.finanssiala.fi/en

Owners

POP Bank Centre based in Espoo is the central organization of the POP Bank group being the group's advocacy and support unit. The group consists of independent POP Banks operating in different parts of Finland.

POP Bank Group was established in 1997 to pursue truly independent local cooperative banking and activities in favor of its members and their clients. POP Bank services cover individual customers, small and medium-sized enterprises as well as farmers and forest owners providing them payment solutions, cards, savings and investment products as well as financial services.

Contact

Cards

Please note that we can not comment on customer related information by email. For Visa Credit related inquiries please contact Visa customer service. For Visa Debit related inquiries please contact your own POP Bank. You can find contact details for your own POP Bank at www.poppankki.fi.

Visa customer service

Tel. +358 (0)9 6964 6012

Card Block service (24H)

Tel. +358 20 333

 

 

 

 

Contact

Switchboard

Tel. +358 (0)10 667 3000

Back office

Tel. +358 (0)10 667 3030

backoffice.bonumpankki (at) poppankki.fi

Treasury

Tel. +358 (0)10 667 3010

treasury.bonumpankki (at) poppankki.fi

News

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

 Bonum Bank Plc

 Half-Year Report 22.8.2018 at 9:00

 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

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

Bonum Bank Plc

Hevosenkenkä 3

FI-02600 Espoo

Tel. +358 (0)10 4233 710

firstname.lastname@poppankki.fi

Business identity code 2192977-5

BIC/SWIFT Address: POPFFI22