S&P Global Ratings updates Oma Savings Bank Plc's credit rating and outlook
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 14 NOVEMBER 2024 AT 15.10 P.M. EET, OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF THE EXCHANGE
S&P Global Ratings updates Oma Savings Bank Plc's credit rating and outlook
On 13 November 2024, S&P Global Ratings (S&P) has affirmed that the long-term issuer credit rating of Oma Savings Bank Plc (OmaSp) will decrease to BBB (formerly BBB+) and the short-term issuer credit rating will remain unchanged at A-2. At the same time, S&P updates the outlook of OmaSp to stable (previously negative).
CEO Sarianna Liiri:
“We understand the changes in credit rating related to the exceptional year of OmaSp. The change back to stable outlook indicates that OmaSp's financial position is stable, and the ongoing action program and risk management development measures are progressing well."
S&P's credit rating report will be available at www.omasp.fi Investors > Debt investors > Credit rating.
Oma Savings Bank Plc
Additional information:
Sarianna Liiri, CEO, tel. +358 40 835 6712, [email protected]
Minna Sillanpää, CCO, tel. +358 50 66592, [email protected]
DISTRIBUTION
Nasdaq Helsinki Ltd
Major media
www.omasp.fi
OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 47 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.
