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Oma Savings Bank Plc has agreed to sell the shares it owns of Savings Bank Group companies to Savings Bank Group

Oma Säästöpankki Oyj
·2-min read

OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 3 AUGUST 2020 AT 13.00 P.M. EET, OTHER INFORMATION DISCLOSED TO THE RULES OF THE EXCHANGE


Oma Savings Bank Plc has agreed to sell the shares it owns of Savings Bank Group companies to Savings Bank Group

Oma Savings Bank Plc (OmaSp) and Savings Bank Group have today agreed on the terms of the transaction under which OmaSp will sell all its shares of Nooa Savings Bank Ltd, Sb Life Insurance Ltd, Sb-Fund Management Company Ltd, Säästöpankkien Holding Oy and Central Bank of Savings Banks Finland Plc. The completion of the transaction still requires the approval of the regulators.

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“The purpose of the transaction is to clarify the ownership structure for the aforementioned companies. The co-operation with the Savings Bank Group continues as before and the change will not reflect the services of our customers”, says Pasi Sydänlammi, the CEO of OmaSp.

The transaction will have a positive profit impact of around EUR 1.9 million on OmaSp's result for the financial year 2020.


Oma Savings Bank Plc


Additional information:
Pasi Sydänlammi, CEO tel. +358 45 6575506

Distribution:
Nasdaq Helsinki Ltd
Major media
www.omasp.fi

Oma Savings Bank in short
OmaSp is a growing Finnish bank and the largest savings bank in Finland based on total assets. About 300 professionals provide nationwide services through OmaSp’s 32 branch offices and digital service channels to 140,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.