Oma Savings Bank Plc and Sp Mortgage Bank Plc have signed an agreement on the transfer of the loan portfolio of Liedon Savings Bank's mortgage loans
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 28 NOVEMBER 2022 AT 16.30 P.M. EET, OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF EXCHANGE
Oma Savings Bank Plc and Sp Mortgage Bank Plc have signed an agreement on the transfer of the loan portfolio of Liedon Savings Bank's mortgage loans
Oma Savings Bank Plc (“OmaSp” or the “Company”) and Sp Mortgage Bank Plc (“SpKLP”) have signed an agreement on the transfer of mortgage credit bank loans (mortgage loans) brokered by Liedon Savings Bank Plc on 28 November 2022. OmaSp purchases traded mortgage loans from SpKLP with all rights and obligations. The loan portfolio transferring to OmaSp on 5 March 2023 will amount to approximately EUR 250 million in the situation of 22 November 2022. The final size of the credit portfolio becomes more specific at the time of transfer. The transfer of Liedon Savings Bank's business is progressing according to plan and the signed agreement on the transfer of the loan portfolio is part of the whole.
CEO Pasi Sydänlammi:
”With the signed agreement, an important part of the services of Liedon Savings Bank customers will be transferred to OmaSp. The transfer has no impact on the terms of the credits nor collateral. The transferring mortgage loans will complement OmaSp's mortgage banking collateral pool and increase the Company's former prowess for covered bond issuance.”
Oma Savings Bank Plc
Additional information:
Pasi Sydänlammi, CEO, tel 6,
Sarianna Liiri, CFO, tel 2,
Distribution:
Nasdaq Helsinki Ltd
Major media
Oma Savings Bank in short
OmaSp is a growing Finnish bank and the largest savings bank in Finland based on total assets. About 330 professionals provide nationwide services through OmaSp’s 37 branch offices and digital service channels to 160,000 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.
