The year 2020 was characterised by the COVID-19 pandemic. The pandemic significantly increased the demand for MuniFin Group’s customer financing, especially the growth of municipal sector’s financing. Otherwise, the pandemic only had a minor effect on the Group’s operating profit and financial standing.
The Group’s net operating profit excluding unrealised fair value changes was EUR 197 million (EUR 186 million) and it increased by 6.2% (-2.1%). The net interest income totalled EUR 254 million (EUR 240 million) and it grew by 5.8% (1.7%). The costs in the financial year amounted to EUR 58 million (EUR 60 million), making it 3.0% (+22.8%) smaller than in the previous year.
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