OP Corporate Bank’s loan portfolio and income continued to grow in the third quarter
The Estonian branch of OP Corporate Bank, part of the largest financial services group in the Nordic countries, continued to grow during the first nine months of 2026. At the end of September, total customer financing had increased by 15% since the beginning of the year, reaching EUR 1.75 billion.
According to Maila Kirspuu, Country Manager of OP Corporate Bank Estonia, the results show that the bank is moving in the right direction in Estonia. “Companies’ financing needs remain strong, and our total customer financing has grown significantly since the beginning of the year. Fee and commission income has also increased, showing that our cooperation with customers is expanding beyond lending services,” Kirspuu said.
“Companies are increasingly focused on the returns generated by their investments. Alongside expansion, they are looking for opportunities to automate production, reduce energy costs and streamline their operations. These investments help companies improve efficiency and prepare for the next period of growth,” she added.
OP Corporate Bank’s total customer financing in Estonia grew by 15% during the first nine months of 2026, reaching EUR 1.75 billion at the end of September. The bank’s loan portfolio increased by 3% year-on-year to EUR 948 million, while deposits remained at approximately EUR 0.5 billion.
The bank’s total income in Estonia increased by 3.3% year-on-year to EUR 15.6 million. Net fee and commission income grew by 21% over the same period, reaching EUR 2.3 million. Expenses for the first nine months amounted to EUR 9.3 million. The increase in the cost base was primarily driven by investments aimed at improving operational processes and developing digital services. OP Corporate Bank’s Estonian branch recorded an operating profit of EUR 5 million for the first three quarters.
“We want to be a long-term partner for Estonian companies, supporting both their investments and their competitiveness. This means that, in addition to financing, we want to provide our customers with increasing value through other banking services and advisory services. We will also continue to develop our digital services to make everyday banking simpler and more efficient for our customers,” Kirspuu said.
OP Corporate Bank’s Baltic loan portfolio reached EUR 3.3 billion
At the end of the first nine months of 2026, OP Corporate Bank’s loan portfolio in the Baltics totalled EUR 3.3 billion, while customer deposits amounted to EUR 1.9 billion.
OP Corporate Bank’s total income in the Baltics amounted to EUR 59.9 million, while operating expenses totalled EUR 31.7 million. Profit before tax in the Baltic countries was EUR 17.1 million.
In October, OP Corporate Bank appointed Antti Mettiainen as Acting Head of Baltic Banking. The previous Head of Baltic Banking, Matias Huhtala, is stepping down after 12 years in the role.