Financial Stability Authority's updated decision on setting the minimum amount of Oma Savings Bank Plc's own funds and eligible liabilities
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 24 MARCH 2025 AT 9.30 A.M. EET, INSIDE INFORMATION
Financial Stability Authority's updated decision on setting the minimum amount of Oma Savings Bank Plc's own funds and eligible liabilities
The Financial Stability Authority has set an updated level for Oma Savings Bank Plc (OmaSp) for the minimum amount of own funds and eligible liabilities (MREL requirement) for Oma Savings Bank Plc (OmaSp) on 21 March 2025 and revokes the decision issued on 17 April 2024.
The updated MREL requirement (Minimum Requirement for own funds and Eligible Liabilities) enters into force one year earlier and must be fulfilled at the latest 17 April 2026 (previously 17 April 2027). The updated MREL consists of a total risk-based requirement of 20.88% (previously 20.88%) and a requirement based on the total amount of exposures used in the calculation of the leverage ratio, which is 7.89 percent (previously 7.82 percent).
CEO Sarianna Liiri:
” The updated decision of the Financial Stability Authority does not significantly change the situation from the previous one. The measures are ongoing, and we will complete the future MREL requirement well in advance of its entry into force in accordance with OmaSp's financing plan."
Oma Savings Bank Plc
Additional information:
Sarianna Liiri, CEO, tel. +358 40 835 6712,
Minna Sillanpää, CCO, tel. ,
DISTRIBUTION
Nasdaq Helsinki Ltd
Major media
OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 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.
