Companies resume more active investments: OP Corporate Bank plc’s loan portfolio in Latvia grew by 8.2% in 2025
OP Corporate Bank plc’s loan portfolio in Latvia grew by 8.2% in 2025, reaching EUR 720 million, while the volume of deposits reached EUR 710 million at the end of the year — an increase of 18.7% compared to the end of 2024. This reflects an improvement in corporate investment activity and stable demand for financing.
The bank’s operating profit in Latvia in 2025 was EUR 10.2 million, compared to EUR 13.0 million in the same period last year. The bank’s total income in Latvia reached EUR 20.8 million in 2025 — EUR 2 million more than in 2024 — while operating expenses increased by EUR 1.3 million, amounting to EUR 12.6 million.
“Despite the globally challenging and volatile economic environment, we concluded the past year in Latvia with solid financial results. While in 2024 our clients’ decisions showed a degree of caution, in 2025 we see a clear recovery in investment activity — companies are once again implementing new projects, expanding, and planning growth with clear intent. Last year, the strongest demand for financing came from the manufacturing and energy sectors. Activity and financing volumes also increased in the real estate sector,” says Elmārs Prikšāns, General Manager OP Corporate Bank plc Latvia Branch.
At the same time, E. Prikšāns highlights the bank’s internal development directions: “In 2026, we will continue on our development path, placing particular focus on modernizing digital solutions and improving process efficiency. We will increasingly invest in IT systems and data management solutions to speed up service delivery, strengthen security, and create an even more convenient and intuitive customer experience.”
OP Corporate Bank plc Results in the Baltics
OP Corporate Bank plc’s 2025 financial results in the Baltics also reflect corporate growth in the region — at the end of the year, customer deposits reached EUR 1.9 billion, an increase of 10.8% compared to the previous year, while the total loan portfolio reached EUR 3.3 billion, up 13.8% from last year.
In 2025, the Baltic segment’s profit before tax was EUR 38.1 million, compared to EUR 39.3 million the year before. The bank’s total income increased by EUR 4.4 million, reaching EUR 74.0 million, while operating expenses in the Baltics amounted to EUR 38.7 million, compared to EUR 34.5 million in the previous period.
OP Pohjola Financial Data
OP Corporate Bank plc belongs to OP Pohjola, Finland’s largest financial services group operating in Finland and the Baltic states. In 2025, the group’s profit before tax was EUR 2.269 billion, compared to EUR 2.486 billion the year before. The group’s total income reached EUR 4.639 billion (compared to EUR 4.844 billion in the previous period), while its expenses amounted to EUR 2.424 billion, compared to EUR 2.262 billion the year before.
OP Pohjola maintains strong liquidity and financing capacity, with a Tier 1 capital adequacy (CET1) ratio of 21.2%, which is 6.9 percentage points above the minimum requirement.
The full OP Corporate Bank plc 2025 financial report is available here.
The full OP Pohjola 2025 financial report is available here.
About OP Corporate Bank plc Latvia Branch
OP Corporate Bank plc is the central bank of OP Pohjola, Finland’s largest financial services provider. It began operations in Latvia in 2012 and is currently one of the leading banks in Latvia in terms of loans issued to medium and large enterprises. OP Corporate Bank plc Latvia Branch provides financial services to leading companies in Latvia and plays a significant role in the long-term development of the country and the entire region.