Correction to a table in the Note to OP Financial Group's

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News Desk 2018
Correction to a table in the Note to OP Financial Group's Interim Report for 1 January-30 June 2016

OP Financial Group Stock exchange release 16 August 2016 at 15.30 pm EEST

Correction to a table in the Note to OP Financial Group's Interim Report for 1 January-30 June 2016

Note 12: Receivables from credit institutions and customers, and doubtful receivables in the Interim Report published by OP Financial Group on 3 August 2016 contained incorrect information. The table of the Note with figures for 30 June 2016 showed incorrectly figures for 31 March 2016. The tables below show the correct figures.  

30 June 2016, EUR million Not impaired (gross) Impaired (gross) Total Individual assessment of impairment Collective assessment of impairment Balance sheet value
Receivables from credit institutions and customers       
Receivables from credit institutions 430   430   2 428
Receivables from customers, of which 75,685 580 76,265 407 61 75,797
  bank guarantee   receivables 6 9 15 9 1 6
Finance leases 1,181   1,181    1,181
Total 77,296 580 77,876 407 62 77,406
Receivables from credit institutions and customers by sector       
Non-banking corporate sector 26,341 420 26,761 323 32 26,406
Financial institutions and insurance companies 1,175 0 1,175 0 2 1,173
Households 48,407 154 48,561 81 27 48,453
Non-profit organisations 666 6 671 3 1 668
Public sector entities 707   707   0 707
Total 77,296 580 77,876 407 62 77,406
Doubtful receivables, 30 June 2016, EUR million Performing receivables from credit institutions and customers (gross) Non-performing receivables from credit institutions and customers (gross) Receivables from credit institutions and customers, total (gross) Individually assessed impairment Receivables from credit institutions and customers (net)
More than 90 days past due   531 531 209 322
Unlikely to be paid   467 467 151 316
Forborne receivables 1,591 268 1,859 48 1,811
Total 1,591 1,266 2,857 407 2,450
Key ratio, % 30 June 2016
Exposures individually assessed for impairment, % of doubtful receivables 14.3%

The corrected full Interim Report is appended to the release. It is also available at op.fi.

DISTRIBUTION Nasdaq Helsinki Ltd London Stock Exchange SIX Swiss Exchange Major media op.fi and pohjola.fi

OP Financial Group is Finland's largest financial services group whose mission is to create sustainable prosperity, security and wellbeing for its owner-customers and in its operating region by means of its strong capital base and efficiency. OP Financial Group consists of about 180 member cooperative banks, its central cooperative OP Cooperative, and the latter's subsidiaries and affiliates. The Group has a staff of 12,000 and approximately 1.7 million owner-customers and 4.3 million customers. www.op.fi

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