Municipality Finance PlcStock exchange release31 October 2025 at 11:00 am (EET) Municipality Finance’s capital adequacy remains well above the ECB minimum requirements The European Central Bank has updated the capital buffer requirement (P2R) imposed on Municipality Finance Plc (MuniFin) as part of the yearly Supervisory Review and Evaluation Process (SREP). The requirement was kept unchanged at 2 percent. The updated capital buffer requirement is effective on 1 January 2026. When taking into account the P2 ...

中國銀行股份有限公司 2025年第三季度 第三支柱信息披露報告 目錄 | 1 | 引言 | | 2 | | --- | --- | --- | --- | | | 1.1 | 披露依據 | 2 | | | 1.2 | 披露聲明 | 2 | | 2 | | 風險管理、關鍵審慎監管指標和風險加權資產概覽 | 3 | | | 2.1 | KM1：監管併表關鍵審慎監管指標 | 3 | | | 2.2 | KM2：關鍵審慎監管指標－處置集團的總損失吸收能力 | 5 | | | | 監管要求 | | | | 2.3 | OV1：風險加權資產概況 | 6 | | 3 | | 宏觀審慎監管措施 | 8 | | 4 | 槓桿率 | | 9 | | | 4.1 | LR1：槓桿率監管項目與相關會計項目的差異 | 9 | | | 4.2 | LR2：槓桿率 | 10 | | 5 | 流動性風險 | | 12 | | | 5.1 | LIQ1：流動性覆蓋率 | 12 | 1 1 引言 1.1 披露依據 本報告根據國家金融監督管理總局令2023 年第4 號《商業銀行資本管理辦 法》編製並披露。 2014年4月，本集團正式獲准實施資本計 ...

Core Insights - OP Mortgage Bank (OP MB) is the covered bond issuing entity of OP Pohjola, which changed its name on 28 October 2025 [1] - The financial standing of OP MB remains stable, with bonds issued totaling EUR 14,800 million by the end of September 2025 [2][5] Financial Performance - Operating profit for the reporting period was EUR 4.3 million, down from EUR 6.4 million in the previous year [5] - The Common Equity Tier 1 (CET1) ratio decreased to 377.0% from 797.0% due to an increase in total risk exposure amount [8][13] Bond Issuance and Collateralization - OP MB issued a fixed-rate covered bond of EUR 1 billion in April 2025, with proceeds intermediated to 38 OP cooperative banks [4][42] - The cover pool for bonds issued under the Euro Medium Term Covered Bond (Premium) programme totaled EUR 8,052 million in loans as of 30 September 2025, exceeding the minimum overcollateralization requirement [6][7] Capital Adequacy - OP MB's CET1 capital requirement is fully covered, with a minimum requirement of 10.5% [9] - The total risk exposure amount increased significantly to EUR 96,736 thousand from EUR 45,755 thousand in the previous year [12] Risk Management - OP MB has a strong capital base and risk-bearing capacity, with key credit risk indicators showing stability [37] - Interest rate swaps are utilized to hedge against interest rate risk, maintaining control over interest risk exposure [38] Sustainability Initiatives - OP Pohjola is committed to sustainability, reporting in accordance with the European Sustainability Reporting Standards [27][28] - The company has issued green covered bonds, with environmental impacts including 58,000 MWh of energy use avoided and 5,500 tonnes of CO2-equivalent emissions avoided in 2024 [32][33] Governance and Personnel - OP MB had six employees at the end of the reporting period, with key support services digitized and sourced from OP Cooperative [34] - The Board of Directors includes members with significant experience in finance and banking [35][36]

3Q 2025 Business Results CET1 Ratio (Preliminary) 13.56% (Δ6bp QoQ) RWA 348.0 Wtn (+2.3% QoQ) 3Q25 Net Income / EPS 1.42 Wtn / KRW 12,196 ROE / ROTCE (3Q25) 11.1% / 12.5% DPS KRW 570 (Record Date: November 4th ) Share Buyback for FY2025 1.25 Wtn (Completion Rate 74.4%) CET1 ratio remained stable at 13.56%(Δ6bp QoQ) despite market uncertainties Group RWA increased by +8.0 Wtn (+2.3% QoQ) due to KRW depreciation and loan growth, but remains managed within annual budget plan : KRW loan balance increased by +8. ...

Financial Data and Key Metrics Changes - The bank's net interest margin (NIM) compressed by about 8 basis points due to front-loading of interest rate cuts on the asset side of the balance sheet [6] - The capital adequacy ratio remained stable at around 19.9% to 20% with a slight change of 10 basis points [31] - The bank's return on assets (ROA) has been operating between 1.8% to 1.95% over the last eight quarters [56] Business Line Data and Key Metrics Changes - Loan growth has accelerated across segments, with a focus on disciplined pricing and market share gains in deposits [6][8] - The bank's contingent provisions increased by about INR 1,600 crore, enhancing resilience [11][65] - Fee income grew by approximately 9%, indicating consistent growth across various products [41] Market Data and Key Metrics Changes - The bank's loan-to-deposit ratio (LDR) started the year at about 96 and is expected to decrease below 90 as part of the strategic objectives [20] - Retail deposits accounted for about 83% of total deposits, with a slight increase in the proportion of retail deposits during the quarter [38] Company Strategy and Development Direction - The bank continues to invest in technology and distribution to enhance customer experience and operational efficiency [7][49] - The strategy includes maintaining credit standards while participating in growth opportunities in unsecured loans and mortgages [71] - The bank aims to grow faster than the market in FY 2027, with a focus on sustainable growth and capital consumption [29] Management's Comments on Operating Environment and Future Outlook - The domestic economy is showing signs of strength, supported by fiscal and monetary measures, which is expected to boost loan growth [5] - Management expressed optimism about the economic cycle and its sustainability beyond the festive period [28] - The bank is focused on maintaining asset quality and managing expenses tightly to create operating leverage [6][8] Other Important Information - The bank is exploring opportunities for cross-border transactions following recent regulatory relaxations [90] - The bank's home loan segment has seen improvements in turnaround times, now at two days for individual loans and three days for self-employed [50] Q&A Session Summary Question: Recovery in NPL movement - Management indicated that recoveries were boosted by a one-off upgrade contributing approximately 10 basis points to the NPL ratio [11][14] Question: Guidance on margins - The bank expects exit margins to improve, with stable rates anticipated to positively impact margins over the next few quarters [19] Question: Deposit growth and LDR - The bank's strategic objective is to reduce LDR below 90 while growing in line with the market [20][21] Question: Capital adequacy and growth - Management confirmed that the bank has sufficient capital for three to four years of growth, with a focus on maintaining higher capital levels for unforeseen risks [29][31] Question: Personal loans and risk appetite - The bank maintains strict credit standards and is cautiously optimistic about growth in unsecured loans [71] Question: Home loans and market share - The bank aims to grow its home loan segment without compromising on margins, focusing on long-term customer relationships [74] Question: Gold loans and yields - Yields on gold loans remain attractive, and the bank is cautious about maintaining clarity in terms with clients [76] Question: Credit card growth - The bank has seen a tepid addition to net receivables due to selective participation in spending during festive periods [82] Question: SME loan opportunities - There is a positive outlook for SME loans, with actual credit demand increasing in that segment [89]

Core Insights - OP Mortgage Bank (OP MB) reported stable financial standing with a total bond issuance of EUR 15.8 billion as of June 2025, consistent with the previous year [2][4] - The company issued its first covered bond of the year in April 2025, amounting to EUR 1 billion with a maturity of five years and three months, all proceeds were allocated to 38 OP cooperative banks [4][38] - OP MB's Common Equity Tier 1 (CET1) ratio was reported at 374.1%, a decrease from 797.0% due to an increase in total risk exposure amount following regulatory changes [8][13] Financial Standing - Total bonds issued by OP MB reached EUR 15.8 billion, with intermediary loans from OP MB to 75 cooperative banks also totaling EUR 15.8 billion [2] - Operating profit for the reporting period was EUR 2.9 million, down from EUR 4.4 million in the previous year [4] Capital Adequacy - CET1 capital stood at EUR 364.7 million, fully covering the capital requirements, which include a minimum CET1 capital requirement of 4.5% and a capital conservation buffer of 2.5% [8][11] - The total risk exposure amount increased significantly to EUR 97.5 million from EUR 45.8 million, primarily due to changes in the regulatory framework [12][14] Collateralisation of Bonds - The cover pool for the Euro Medium Term Covered Bond (Premium) Programme included EUR 8.1 billion in loans as collateral, exceeding the minimum overcollateralisation requirements [6][7] - OP MB's MREL ratio was reported at 374% of the total risk exposure amount, indicating a strong buffer above the required levels [17] Sustainability and Corporate Responsibility - OP Financial Group has committed to sustainability reporting in line with the European Sustainability Reporting Standards (ESRS) [26] - The Group's sustainability programme focuses on climate, community, and corporate governance, aiming for a net positive impact on nature by 2030 [27][28] Personnel and Governance - OP MB had six employees at the end of the reporting period, with key support services being digitized and sourced from OP Cooperative and its subsidiaries [31] - The governing body includes a Chair and several members from OP Cooperative and OP Corporate Bank, ensuring strong oversight [32] Risk Profile - OP MB maintains a strong capital base and risk-bearing capacity, with credit risk exposure remaining stable [33][34] - The liquidity coverage ratio (LCR) for OP Financial Group was reported at 213%, indicating robust liquidity management [35]

Core Viewpoint - OP Corporate Bank plc reported a significant increase in operating profit and total income for the first half of 2025, indicating strong financial performance and growth in various segments [4]. Financial Performance - Operating profit increased by 38% to €300 million compared to €218 million in H1 2024 [4]. - Total income grew by 11% to €422 million from €380 million in the same period last year [4]. - Net interest income rose by 13% to €286 million, while investment income increased to €72 million [4]. - Net commissions and fees decreased by 12% to €33 million [4]. - Other operating income saw a significant increase of 63% to €30 million [4]. - Operating expenses remained stable at €147 million [4]. - The cost/income ratio improved to 34.9% from 38.6% [2][4]. Segment Performance - Corporate Banking and Capital Markets segment's operating profit increased by 20% to €182 million [4]. - Asset and Sales Finance Services and Payment Transfers segment's operating profit surged by 46% to €105 million [4]. - The Baltics segment maintained an operating profit of €19 million, with a slight increase in net interest income [4]. - Group Functions segment reported an operating loss of €6 million, an improvement from a loss of €25 million a year ago [4]. Balance Sheet and Ratios - The loan portfolio grew by 4.1% to €28.5 billion, while the deposit portfolio increased by 19.5% to €17.6 billion [4][5]. - The CET1 ratio remained stable at 14.0%, exceeding the minimum regulatory requirement by 4.6 percentage points [5][4]. - The ratio of non-performing exposures to total exposures improved to 1.4% from 2.2% [5]. Outlook and Market Conditions - The company anticipates that uncertainties in the business environment, interest rate changes, and impairment losses will affect future earnings performance [7]. - The preliminary tariff agreement between the US and EU is expected to enhance economic confidence, although higher tariffs may pose risks [5].

Financial Performance Highlights - KB Financial Group's 1H25 net profit reached ₩3.436 trillion, a 23.8% year-over-year increase[12, 17] - The Group's ROE for 1H25 was 13.03%, a 2.23%p increase year-over-year[8, 14] - Non-bank subsidiaries contributed 39% to the Group's net profit[16, 17] Shareholder Returns - The company plans a total shareholder return of ₩1.15 trillion, including a ₩850 billion share buyback and cancellation[8] - A proactive return of ₩300 billion was implemented in 2Q25[8, 11] - The CET-1 ratio as of June 2025 reached 13.74%[8, 11] Financial Analysis - Group net interest income slightly decreased by 0.4% year-over-year to ₩6.3687 trillion[24] - Group net non-interest income increased by 10.9% year-over-year to ₩2.7233 trillion[29] - Group G&A expenses increased by 4.1% year-over-year to ₩3.3553 trillion[35] Asset Quality - The Group's NPL ratio was 0.72%, with an NPL coverage ratio of 138.5%[48] - Provision for credit losses totaled ₩1.3107 trillion in 1H25, a 33.6% increase year-over-year[41] Subsidiary Performance - KB Kookmin Bank reported a net profit of ₩2.1876 trillion and an ROE of 11.63%[84] - KB Securities recorded a net profit of ₩338.9 billion and an ROE of 10.10%[87] - KB Insurance's net profit was ₩558.1 billion with an ROE of 20.51%[90]

Financial Standing - OP Mortgage Bank (OP MB) reported intermediary loans and bonds issued totaling EUR 14,800 million at the end of March 2025 [2][3] - The operating profit for the period was EUR 1.7 million, a decrease from EUR 2.3 million in the previous year [4] Capital Adequacy - OP MB's Common Equity Tier 1 (CET1) ratio decreased to 372.0% from 797.0% due to an increase in total risk exposure amount following regulatory changes [8][11] - The total risk exposure amount increased significantly to EUR 98,034 thousand from EUR 45,755 thousand [10][11] Collateralisation of Bonds - The cover pool for the Euro Medium Term Covered Bond (Premium) programme included EUR 6,882 million in loans as collateral, with overcollateralisation exceeding the minimum requirement [6] - The Euro Medium Term Covered Note programme had a cover pool of EUR 9,468 million, also exceeding the minimum requirement [7] Risk Profile - OP MB has a strong capital base and risk-bearing capacity, with key credit risk indicators showing stable credit risk exposure [28] - The liquidity coverage ratio (LCR) for OP Financial Group was reported at 202%, indicating strong liquidity management [29] Outlook - The global economic outlook is weakening, with the Finnish economy expected to grow less than previously anticipated, leading to increased uncertainty [32] - OP MB's capital adequacy is expected to remain strong, allowing for future issuance of covered bonds [33]

Financial Performance Highlights - 1Q25 Group Net Profit reached 1,697.3 billion won, a 62.9% YoY increase, boosting Group ROE to 13.04%, up by 4.91%p [11, 12] - Non-Bank subsidiaries contributed 42% to the Group's net profit, demonstrating a well-balanced portfolio and earnings stability [14, 17] - Group Net Interest Income increased by 2.9% YoY to 3,262.2 billion won, driven by funding cost control efforts [23] - Group Net Non-Interest Income significantly increased by 208% QoQ to 1,292.0 billion won, primarily due to improved securities-related income [28] - Group G&A Expenses decreased by 1.4% YoY to 1,605.6 billion won, resulting in a record-low CIR of 35.3% [34, 38] - Group Provision for Credit Losses increased by 16.0% QoQ to 655.6 billion won, due to Bank's one-off provisioning [40, 42] Capital Adequacy - Group BIS Ratio stood at 16.57% and CET1 Ratio at 13.67% in 2025.3, reflecting industry-strongest capital strength [47, 52] - Bank Loans in Won increased by 6.8% YoY, and 0.9% YTD [71] Subsidiary Performance - KB Kookmin Bank reported a profit for the period of 1,026.4 billion won, with an ROE of 11.06% and a NIM of 1.76% [77] - KB Securities recorded a profit for the period of 179.9 billion won, with an ROE of 10.82% [80]