Latest news with #OmaSavingsBankPlc
Business Upturn
6 days ago
- Business
- Business Upturn
Inside information, negative profit warning – Oma Savings Bank Plc lowers its earnings guidance for 2025
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE, 15 JUNE 2025 AT 21:55 P.M. EET, INSIDE INFORMATION Inside information, negative profit warning – Oma Savings Bank Plc lowers its earnings guidance for 2025 Oma Savings Bank Plc (OmaSp or Company) lowers its earnings guidance for 2025 as the company's cost level is expected to remain high throughout the 2025 financial year due to investments in risk management and quality processes, increased headcount, and efforts to address the findings of the Financial Supervisory Authority's inspection. In addition, the update to the ECL model implemented during the first quarter has increased the level of credit loss provisions more than anticipated. Furthermore, fee and commission income is expected to grow more slowly than anticipated in the prevailing economic environment. OmaSp estimates that the Group's comparable profit before taxes is EUR 50-65 million for the financial year 2025. New business outlook and earnings guidance for 2025 are as follows (updated 15 June 2025): The outlook for the Company's business for the financial year 2025 is affected by the decline in market interest rates and the continued high level of costs due to IT investments and system improvements required by risk management and quality processes. In addition, the Company continues to invest in customer experience on different channels. The uncertainty of the operating environment and economic situation affects the development of balance sheet items and comparable profit for the financial year 2025. Oma Savings Bank Plc provides earnings guidance on comparable profit before taxes for 2025. Earnings guidance is based on the forecast for the entire year, which takes into account the current market and business situation. Forecasts are based on the management's insight into the Group's business development. We estimate the Group's comparable profit before taxes to be EUR 50–65 million for the financial year 2025 (comparable profit before taxes was EUR 86.7 million in the financial year 2024). Previous business outlook and earnings guidance (published 5 May 2025): The outlook for the Company's business for the financial year 2025 is affected by the decline in market interest rates and the continued high level of costs due to IT investments and system improvements required by risk management and quality processes. In addition, the Company continues to invest in customer experience on different channels. The uncertainty of the operating environment and economic situation affects the development of balance sheet items and comparable profit for the financial year 2025. Oma Savings Bank Plc provides earnings guidance on comparable profit before taxes for 2025. Earnings guidance is based on the forecast for the entire year, which takes into account the current market and business situation. Forecasts are based on the management's insight into the Group's business development. We estimate the Group's comparable profit before taxes to be EUR 65–80 million for the financial year 2025, with a clarification that the figure is expected to be below the mid-point of the range (comparable profit before taxes was EUR 86.7 million in the financial year 2024). Oma Savings Bank Plc Additional information: Karri Alameri, CEO, tel. +358 45 656 5250, [email protected] Sarianna Liiri, CFO, tel. +358 40 835 6712, [email protected] DISTRIBUTION: Nasdaq Helsinki LtdMajor media
Yahoo
13-06-2025
- Business
- Yahoo
Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 13 JUNE 2025 AT 15:40 P.M. EET, MAJOR SHAREHOLDER ANNOUNCEMENT Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent On 13 June 2025, Oma Savings Bank Plc (OmaSp) received a notification under Chapter 9, Section 5 of the Securities Market Act (SMA) from Parkanon Säästöpankkisäätiö (business ID 0136324-1), according to which Parkanon Säästöpankkisäätiö's holding and voting rights in OmaSp decreased below 10 percent threshold on 12 June 2025. According to the announcement, Parkanon Säästöpankkisäätiö sr owns 3,330,000 OmaSp shares, corresponding to 9.99 percent of OmaSp's shares and votes. OmaSp has one class of shares in which each share has one vote. The total number of shares is 33,317,089. The holding of Parkanon Säästöpankkisäätiö sr according to the announcement: % of shares and voting rights (A) % of shares and voting rights through financial instruments (B) Total of both in % (A+B) Total number of shares and voting rights of issuer Resulting situation on the date on which threshold was crossed or reached 9,99 NA 9,99 33 317 089 Positions of previous notification (if threshold crossed) 10,00 NA 10,00 33 292 771 Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights: Class/type of shares Number of shares andvoting rights % of shares andvoting rights ISIN code Direct (SMA 9:5) Indirect(SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect(SMA 9:6 and 9:7) FI4000306733 3 330 000 0 9,99 0 A total 3 330 000 9,99 Oma Savings Bank Plc Additional information: Karri Alameri, CEO, tel. +358 45 656 5250, Distribution: Nasdaq Helsinki LtdMajor OmaSp is a solvent and profitable Finnish bank. About 600 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.
Yahoo
13-06-2025
- Business
- Yahoo
Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 13 JUNE 2025 AT 15:40 P.M. EET, MAJOR SHAREHOLDER ANNOUNCEMENT Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent On 13 June 2025, Oma Savings Bank Plc (OmaSp) received a notification under Chapter 9, Section 5 of the Securities Market Act (SMA) from Parkanon Säästöpankkisäätiö (business ID 0136324-1), according to which Parkanon Säästöpankkisäätiö's holding and voting rights in OmaSp decreased below 10 percent threshold on 12 June 2025. According to the announcement, Parkanon Säästöpankkisäätiö sr owns 3,330,000 OmaSp shares, corresponding to 9.99 percent of OmaSp's shares and votes. OmaSp has one class of shares in which each share has one vote. The total number of shares is 33,317,089. The holding of Parkanon Säästöpankkisäätiö sr according to the announcement: % of shares and voting rights (A) % of shares and voting rights through financial instruments (B) Total of both in % (A+B) Total number of shares and voting rights of issuer Resulting situation on the date on which threshold was crossed or reached 9,99 NA 9,99 33 317 089 Positions of previous notification (if threshold crossed) 10,00 NA 10,00 33 292 771 Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights: Class/type of shares Number of shares andvoting rights % of shares andvoting rights ISIN code Direct (SMA 9:5) Indirect(SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect(SMA 9:6 and 9:7) FI4000306733 3 330 000 0 9,99 0 A total 3 330 000 9,99 Oma Savings Bank Plc Additional information: Karri Alameri, CEO, tel. +358 45 656 5250, Distribution: Nasdaq Helsinki LtdMajor OmaSp is a solvent and profitable Finnish bank. About 600 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.
Yahoo
30-05-2025
- Business
- Yahoo
Oma Savings Bank Plc - Managers' transactions
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 30 MAY 2025 AT 15.00. P.M. EET, MANAGERS' TRANSACTIONS Oma Savings Bank Plc - Managers' transactions - Sirkiä____________________________________________ Person subject to the notification requirementName: Sirkiä, HannaPosition: Other senior managerIssuer: Oma Savings Bank PlcLEI: 743700LE1ECAPXC5UT18 Notification type: INITIAL NOTIFICATIONReference number: 743700LE1ECAPXC5UT18_20250527134104_51____________________________________________ Transaction date: 2025-05-28Venue not applicableInstrument type: SHAREISIN: FI4000306733Nature of the transaction: SUBSCRIPTION Transaction details(1): Volume: 240 Unit price: 7.5129 EUR Aggregated transactions(1): Volume: 240 Volume weighted average price: 7.5129 EUR Oma Savings Bank Plc Additional information:Karri Alameri, CEO, tel. +358 45 656 5250, DISTRIBUTION: Nasdaq Helsinki LtdMajor OmaSp is a solvent and profitable Finnish bank. About 600 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.
Business Upturn
21-05-2025
- Business
- Business Upturn
Transfer of Oma Savings Bank Plc's own shares for incentive scheme reward payment
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE, 25 MAY 2025 AT 11.30 AM EET, CHANGES IN COMPANY'S OWN SHARES Transfer of Oma Savings Bank Plc's own shares for incentive scheme reward payment Advertisement The Board of Directors of Oma Savings Bank Plc (OmaSp or Company) has resolved to transfer 4 819 own shares held by the company without consideration to participants of the share-based incentive scheme 2022-2023 for payment of the reward instalment 2025 in accordance with the plan terms and conditions. The shares will be transferred as a reward from the plan on 21 May 2025. The transfer of own shares is based on the authorisation granted by the Annual General Meeting held on 8 April 2025. After the transfer of shares, Oma Savings Bank Plc holds 132 200 own shares in treasury. Oma Savings Bank Plc Additional information: Karri Alameri, CEO, tel. +358 45 656 5250, [email protected] 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. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
