Kainuu credit union last year

- Kainuu in Finland, us bank login and the prevailing poor economic conditions in spite of the Kainuu credit union in 2013 operating profit can not be satisfied, says Seppo Rytivaara the presentation of the bank last year's results. The Bank's operating us bank login profit for 2013 was EUR 2.6 million, which is EUR 205 000 less than the previous year.
The prevailing low interest rates ate the bank's main source of income, interest us bank login income, yet nearly half a million from the previous year, but the decline us bank login in net interest income and higher costs, however, were covered with good revenue from the sale of banking us bank login and insurance sales generated. Bank's result is also noted that the bank returns each year of their earnings to their members more and more through bonuses.
Kainuu credit union last year's business results, CEO Rytivaara view, the best part was the so-called loyal and new customers and increase the number us bank login of members. Loyal, that is, pankkiasiakkuutensa Share of the Bank of the Kainuu for concentrating and insurance customers with Pohjola customers increased in 2013 980 customers. The Bank also received nearly a thousand (972) new customers and 665 new members.
Kainuu credit union financing activities us bank login increased during 2013 by 3.0 per cent and 0.8 per cent of deposits. A couple of the previous year to weaker growth rates in the Rytivaara to find an explanation of Kainuu economic conditions and low interest rates. Low interest rates are not favorable for pankkitallettamista us bank login and low interest rates during the old loans are larger than before, so that would be needed to achieve the growth of new credit to the strong growth. Overall, the new business declined at the Bank of the Kainuu share from the previous year by about a quarter.
- This in itself is no great wonder, for example, the Kainuu credit union's corporate loan portfolio during the previous couple of years, grown to be very strong, and even now, 36-month growth in corporate loans was more than 75 per cent, to emphasize us bank login the CEO Rytivaara.
- Kainuu credit union is still very solid and functional and competitive conditions are in every way. The Bank has established itself as a strong corporate financier and henkilöasiakasrahoituksessahan us bank login we have been strong for many years. Also non-life insurance sales is now with us for a very basic function. It has, for example, evidenced by the fact that the bank's bonuses were used in 2013, the Nordic payment of insurance premiums for almost 900 000 euros.
The new OP-Pohjola Group structure an arrangement in which the co-operative banks are buying from the Nordic Stock Exchange in full ownership of its own, says Rytivaara to clarify the structure of the group and return the group to the roots of the co-operative principle, again.
- Birth owned by customers now have a new OP-Pohjola Group's slogan, and it describes very well be extracted from the structure, which, as well as co-operative banks customers and the banks themselves should be the long-term benefit greatly determined by the CEO Rytivaara.