The Municipality Finance Group’s net operating profit excluding unrealised fair value changes amounted to EUR 170 million in 2022 (EUR 213 million).
As expected, it decreased from the comparison year’s exceptionally good result and was 20.0% lower than in the year before (8.0% growth in 2021). This drop was influenced by the change in credit terms applied in late 2021 for the benefit of the Group’s customers. The Group’s net interest income totalled EUR 241 million (EUR 280 million) in January–December.
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