OP Corporate Bank plc's financial targets updated
Post# of 301275
OP Corporate Bank plc Stock exchange release 13 December 2016 at 18.25 pm
OP Corporate Bank plc's financial targets updated
OP Corporate Bank plc's Board of Directors has confirmed new financial targets for OP Corporate Bank Group.
The updated targets are shown in the table below.
| Indicator | Target |
| CET1 ratio, % | 15 |
| Return on economic capital, % | 22 |
| Expenses of present-day business, EUR million | Expenses in 2019 lower than in 2015 |
| Dividend payout ratio, % | 50 (provided that the CET1 ratio is > 15%, otherwise less than 50) |
| Customer experience, NPS (-100-+100) | 70, over time 90 |
OP Corporate Bank is part of OP Financial Group. Its financial targets are based on OP Financial Group's strategy and financial targets published in June 2016.
OP Corporate Bank plc Carina Geber-Teir Executive Vice President, Corporate Communications
For more information: OP Communications, tel. +358 (0)50 523 9904, viestinta@op.fi
Distribution Nasdaq Helsinki LSE London Stock Exchange SIX Swiss Exchange Major media op.fi and pohjola.com
OP Corporate Bank plc is part of the leading Finnish customer-owned financial services group, OP Financial Group. OP Corporate Bank and OP Mortgage Bank are responsible for OP's funding in money and capital markets. As laid down in the applicable law, OP Corporate Bank, OP Mortgage Bank and their parent company OP Cooperative and other OP Financial Group member credit institutions are ultimately jointly and severally liable for each other's debts and commitments. OP Corporate Bank acts as OP's central bank.
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