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Positive profit warning: POP Bank Group improves its guidance for 2020 – POP Bank Group and Oy Samlink Ab terminate the agreement on renewal of the core banking platform

·1-min read

STOCK EXCHANGE RELEASE

23 June 2021, at 8:30

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Bonum Bank Plc

Inside information

Positive profit warning: POP Bank Group improves its guidance for 2020 – POP Bank Group and Oy Samlink Ab terminate the agreement on renewal of the core banking platform

POP Bank Group and Oy Samlink Ab have agreed to terminate the agreement on renewal of core banking platform which was signed in 2019. Oy Samlink Ab will pay compensation to POP Bank Group for the termination. POP Bank Group will continue as a customer of Samlink, a company owned by Cognizant. The termination will not affect the services provided to POP Bank Group’s customers.

The termination of the agreement will have a positive impact on POP Bank Group’s result in 2021. POP Bank Group’s result in 2021 is estimated to improve substantially in comparison to 2020. Earlier it was estimated that POP Bank Group’s result in 2021 remains at the same level as in 2020.

Further information:

Pekka Lemettinen, CEO, POP Bank Centre coop
Tel: +358 40 5035 411, email: pekka.lemettinen@poppankki.fi

Pia Ali-Tolppa, CEO, Bonum Bank Plc
Tel: +358 50 303 1476, email: pia.ali-tolppa@poppankki.fi

Distribution:

Nasdaq Helsinki
Central Media
www.bonumpankki.fi
www.poppankki.fi

Bonum Bank Plc is the central credit institution of the amalgamation of POP Banks. Bonum Bank obtains external funding for the POP Bank Group, operates payment transactions and offers unsecured consumer credits and secured credits to retail customers. Bonum Bank Plc also provides centralized services to POP Banks.

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