The cost to income ratio of OP Financial Group was 61.6 percent in 2022, which was a notable decrease compared to 2021, when the ratio was 68.8 percent. The lowest ratio in the observed period was reported in 2016 at 52 percent. Since then, the ratio increased almost every year. The cost to income ratio is used to measure the efficiency and profitability of the bank, and the smaller it is, the more cost-efficient the bank is.
Cost to income ratio OP Financial Group from 2010 to 2022
(in million euros)
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OP Ryhmä. (February 20, 2023). Cost to income ratio OP Financial Group from 2010 to 2022 (in million euros) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1058348/cost-income-ratio-of-op-financial-group/
OP Ryhmä. "Cost to income ratio OP Financial Group from 2010 to 2022 (in million euros) ." Chart. February 20, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1058348/cost-income-ratio-of-op-financial-group/
OP Ryhmä. (2023). Cost to income ratio OP Financial Group from 2010 to 2022 (in million euros) . Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1058348/cost-income-ratio-of-op-financial-group/
OP Ryhmä. "Cost to Income Ratio Op Financial Group from 2010 to 2022 (in Million Euros) ." Statista, Statista Inc., 20 Feb 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1058348/cost-income-ratio-of-op-financial-group/
OP Ryhmä, Cost to income ratio OP Financial Group from 2010 to 2022 (in million euros) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1058348/cost-income-ratio-of-op-financial-group/ (last visited November 10, 2024)
Cost to income ratio OP Financial Group from 2010 to 2022 (in million euros) [Graph], OP Ryhmä, February 20, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1058348/cost-income-ratio-of-op-financial-group/
