Latvian Companies Continue to Invest – OP Corporate Bank’s Loan Portfolio Reaches EUR 759 Million
OP Corporate Bank plc's loan portfolio in Latvia reached EUR 759 million in the first half of 2026, increasing by 9.1% compared to the corresponding period of the previous year, while the volume of deposits grew by 32.4% to EUR 777 million. This reflects sustained investment activity among companies.
Latvian companies continue to actively implement development projects across various sectors of the economy this year, particularly in the energy, real estate, and manufacturing sectors. Investments are primarily directed towards increasing efficiency, developing new products, services and technologies, as well as expanding business operations. Bank financing continues to play a significant role in the implementation of these projects.
"We see that Latvian companies continue to invest in their development and implement new projects. We are also purposefully strengthening our presence in the Latvian market, expanding financing volumes, and continuing to improve our services and customer experience. Our goal is to be a stable and reliable financial partner for leading companies, contributing to the sustainable development of Latvia and the Baltic region," says Elmārs Prikšāns, General Manager of OP Corporate Bank Latvia branch.
In the first half of 2026, OP Corporate Bank's total income in Latvia amounted to EUR 10.9 million, while the bank's operating expenses were EUR 7.2 million. The bank's profit before taxes in Latvia was EUR 2.1 million.
OP Corporate Bank plc results in the Baltics
OP Corporate Bank plc's operating results in the Baltics also reflect stable business activity and investments in the region. In the first half of 2026, the bank's loan portfolio reached EUR 3.4 billion, which is 10.3% higher than in the corresponding period last year, while customer deposits increased to EUR 2.1 billion, which is 32.9% more than a year earlier.
The bank's total income in the Baltics amounted to EUR 39.3 million, while the bank's operating expenses were EUR 21.8 million. OP Corporate Bank's Baltic segment profit before taxes was EUR 11.5 million. In the second quarter, OP Corporate Bank recognised a management overlay of EUR 5 million related to the credit process in the Baltic countries.
OP Pohjola financial data
OP Corporate Bank plc belongs to OP Pohjola, Finland's largest financial services group, operating in Finland and the Baltic countries.
In the first half of 2026, the Group's loan portfolio reached EUR 101.1 billion, which is 1.4% higher than in the corresponding period last year. Deposit volumes also increased by 1.4%, reaching EUR 82.1 billion.
In the first half of this year, the Group's profit before taxes was EUR 831 million. The Group's total income amounted to EUR 2.139 billion, while the Group's operating expenses were EUR 1.273 billion.
OP Pohjola maintains strong liquidity and funding capabilities, and its Common Equity Tier 1 (CET1) ratio is 21.3%, which is 7.0 percentage points above the minimum requirement.
The full OP Corporate Bank plc H1 2026 financial report is available here.
The full OP Pohjola H1 2026 financial report is available here.
About OP Corporate Bank plc Branch in Latvia
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 by the volume 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 wider region.