MuniFin Group’s Half Year Report January–June 2025 is published

Core Insights - MuniFin Group's net operating profit excluding unrealised fair value changes decreased by 11.9% to EUR 79 million in the first half of 2025 compared to EUR 89 million in the same period of 2024 [2] - The Group's CET1 capital ratio was strong at 89.4%, although it decreased from 107.7% due to new CRR III rules [2][12] - Long-term customer financing increased by 3.7% to EUR 37,101 million, with green finance rising by 12.3% to EUR 7,892 million [2][12] Financial Performance - Net interest income fell by 3.6% to EUR 124 million from EUR 129 million [2] - Total costs increased to EUR 44 million from EUR 41 million, driven by IT system maintenance and development [2] - New long-term funding reached EUR 7,345 million, a significant increase of 48.6% compared to EUR 4,942 million in the previous year [2] Capital Adequacy - The leverage ratio stood at 11.4%, down from 12.3% [2][12] - The total liquidity was strong at EUR 13,025 million, with a Liquidity Coverage Ratio (LCR) of 390% [2] Market Outlook - The Group expects net operating profit excluding unrealised fair value changes for the second half of 2025 to be at the same level or lower than the previous year [3] - The economic environment remains uncertain, influenced by international capital markets and Finland's economic development [5][6] Social and Environmental Impact - Over half of the new customer financing granted in recent years has been either green or social finance [8] - A new sustainability-linked loan for municipalities was launched to support local climate initiatives [8]