Oma Savings Bank Plc's EUR 20 million debenture 2/2022 has been fully subscribed
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 2 DECEMBER 2022 AT 14.10 P.M. EET, INFORMATION DISCLOSED TO THE RULES OF THE EXCHANGE
Oma Savings Bank Plc's EUR 20 million debenture 2/2022 has been fully subscribed
The EUR 20 million debenture 2/2022 issued by Oma Savings Bank Plc (OmaSp or the Company) on 14 November 2022 has been fully subscribed on 2 December 2022, and the sale of the loan has been suspended before the end of the sale period. The debenture is fully credited to the Company's Tier 2 capital.
OmaSp informed earlier in the autumn of its measures to strengthen the Company's capital structure due to changes in the interest rate environment. The Company's bank-level Total Capital (TC) ratio was 14.0% at the end of September 2022. During the fourth quarter, the Company's capital adequacy position has remained stable and the Company's bank-level Total Capital (TC) ratio was 13.8% at the end of October 2022. The debenture issued strengthens the Company's capital adequacy by 0.8 percentage points against the situation at the end of October.
The debenture is a popular savings product among the Company's customers, and the second loan issued during the fall was fully subscribed within fifteen days of sale. In addition, the Company has said that it is preparing for the issuance of the next debenture loan in the amount of EUR 20-30 million for the beginning of 2023. Debentures and other ongoing measures have a significant positive effect on the development of the Company's capital adequacy.
| Bank-level capital adequacy | 31 October 2022 | 30 September 2022 | 31 August 2022 |
| Total capital (TC) ratio | 13.8% | 14.0% | 13.5% |
Oma Savings Bank Plc
Additional information:
Pasi Sydänlammi, CEO, tel 6,
Sarianna Liiri, CFO, tel 2,
Minna Sillanpää, CCO, tel ,
Distribution:
Nasdaq Helsinki Ltd
Major media
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.
