In MuniFin’s business operations, the first half of 2025 was stable and in line with expectations.
MuniFin’s net operating profit excluding unrealised fair value changes for January–June 2025 was approximately 12% lower than in the previous year and amounted to EUR 79 million. The change was in line with our plans, as it is not our goal to maximise profit but to focus on serving our customers and owners in the best possible way.
MuniFin’s leverage ratio remained at a strong level, standing at 11.4% at the end of June. The CET1 capital ratio also remained very strong at 89.4%, which is almost six times the required minimum of 15.1%.
Our customers withdrew new long-term loans and leased assets worth approximately EUR 2.4 billion in January–June. The amount of sustainable finance – green finance aimed at environmentally sustainable investments and social finance aimed at socially sustainable investments – increased by more than 12%. New long-term funding reached EUR 7.3 billion.
We anticipate that the net operating profit will be at the same level or lower in the second half of 2025 compared to the previous year. This means that we expect the full-year net operating profit excluding unrealised fair value changes to be at the same level or lower than last year. We expect our capital adequacy ratio and leverage ratio to remain strong.
“The year 2025 was expected to bring instability, but the fast pace and extreme unpredictability of the economic and political changes nevertheless managed to take most of us by surprise in the first half of the year. However, in MuniFin’s business operations, the first half of the year was stable and in line with our expectations”, says Esa Kallio, President and CEO of MuniFin.
“Our values include responsibility, customer centricity and transparency. In line with these values, we are committed to predictable and transparent operations in the long term. Our customers can rely on us and our work in every situation. We ensure the availability of financing for our customers also – and especially – when external circumstances change. And right now, those changes are frequent and unpredictable”, Kallio says.
MuniFin will also publish a separate Pillar III report on risk management and capital adequacy during the calendar week 33. The Pillar III report will be available in the ‘Reports and publications’ section of our website.