Oma Säästöpankki Oyj

Oma Savings Bank Plc (OmaSp) has announced updates regarding its Shareholders’ Nomination Committee and the establishment of an Audit Committee. Representatives from the five largest shareholders, as of 1 June 2024, have been appointed to the Nomination Committee. This committee is responsible for proposing members and remuneration for the Board of Directors for the Annual General Meeting and, if needed, for an Extraordinary General Meeting. The Board of Directors, on 23 May 2024, decided to establish an Audit Committee to enhance its supervisory role, appointing Jyrki Mäkynen, Jaakko Ossa, and Jaana Sandström as members. The Audit Committee will assist in matters related to financial reporting, auditing, and sustainability reporting. OmaSp is noted as the fastest-growing and most profitable bank in the Nordic countries, providing a wide range of banking services through its branches and digital channels to over 200,000 customers. The bank focuses on retail banking and aims to offer a premium customer experience through personalized service. Many of its employees are also shareholders.

Oma Savings Bank Plc (OmaSp) announced that CEO Pasi Sydänlammi is leaving his position immediately. Sydänlammi, who has been CEO since 2009, will be temporarily replaced by Deputy CEO Sarianna Liiri. The Board of Directors will start searching for a new CEO. Liiri has been with OmaSp since 2014 in various roles, including CFO. Markus Souru has been appointed as the new Deputy CEO, pending approval from the Financial Supervisory Authority. The Board of Directors thanked Sydänlammi for his service and mentioned an ongoing internal investigation into non-compliance with lending guidelines, which led to a EUR 19.5 million allowance for the first quarter. The investigation found that a former director violated lending guidelines, and the matter has been reported to the police. The Board is conducting a comprehensive review of operations and is cooperating with authorities to address the issues. OmaSp will hold a webcast briefing on the situation. The bank is noted as the fastest-growing and most profitable in Finland, with around 500 professionals serving over 200,000 customers through 45 branches and digital channels. OmaSp focuses on retail banking and offers a range of services, including mortgage banking, with an emphasis on personal service and customer experience. Many of its employees own shares in the company.

Oma Savings Bank Plc (OmaSp) has announced the issuance of a EUR 250 million covered bond in a tap issue. The bond will be issued under the same terms as the covered bond issued by OmaSp on 8 February 2023 and maturing on 15 June 2028. The two loans will subsequently form a single covered bond. The issuance is part of OmaSp's EUR 3 billion bond program and the Finnish Financial Supervisory Authority has approved the base prospectus. The bank will apply for admission of the covered bond to public trading on the Nasdaq Helsinki Ltd stock exchange. Danske Bank A/S is the Joint Lead Manager of the issue, with Borenius Attorneys Ltd acting as legal advisor.

Jarmo Salmi has resigned as Chairman of the Board of Directors of Oma Savings Bank Plc (OmaSp) amid recent negative publicity surrounding the company. Salmi, who has been with the board since 2014 and served as chairman since 2019, will be replaced by financial law professor Jaakko Ossa. Jyrki Mäkynen will continue as Vice Chairman. The board will now consist of six members and an Audit Committee will be established. OmaSp is a growing bank in the Nordic countries and Finland, serving over 200,000 private and corporate customers through 45 branch offices and digital service channels.

Jyrki Mäkynen, a board member at Oma Savings Bank Plc, has made an initial notification of acquisition of company shares. The transaction took place on the NASDAQ Helsinki Ltd (XHEL) on 3rd May 2024. Mäkynen purchased a total of 500 shares at a volume-weighted average price of 16.31216 EUR. Oma Savings Bank Plc, the fastest growing bank in the Nordic countries, offers a wide range of banking services to over 200,000 customers through 45 branches and digital channels. The bank focuses on retail operations and acts as an intermediary for credit, investment, and loan insurance products.

Oma Savings Bank Plc has announced a transaction involving Tanja Mäkynen, a closely associated person, and Jyrki Mäkynen, a member of the bank's board. The transaction, which took place on the NASDAQ Helsinki Ltd, involved the acquisition of 200 shares at a unit price of €16.25. Further enquiries can be directed to Minna Sillanpää, the bank's CCO. Oma Savings Bank Plc, known for being the fastest-growing in the Nordic countries and Finland's most profitable bank, provides a broad range of banking services to over 200,000 private and corporate customers.

The Finnish Financial Supervisory Authority (FIN-FSA) has requested a preliminary investigation into Oma Savings Bank Plc (OmaSp) for potential securities market offences. The FIN-FSA will also examine the need for administrative sanctions against the company. Despite this, the FIN-FSA has confirmed that OmaSp's financial position remains stable, with strong liquidity and capital adequacy. OmaSp, which operates under FIN-FSA supervision, has committed to fully cooperate with the authorities. The bank is the fastest growing in the Nordic region and Finland's most profitable, serving over 200,000 private and corporate customers nationwide.

Aila Hemminki, a board member at Oma Savings Bank Plc, has acquired shares of the bank in two separate transactions. On April 30, 2024, Hemminki bought 370 shares at a unit price of 18.10 EUR on the NASDAQ Helsinki exchange. On May 2, 2024, she purchased an additional 450 shares at a unit price of 16.96 EUR, also on the NASDAQ Helsinki exchange. Oma Savings Bank operates 45 branches and digital service channels, serving over 200,000 private and corporate customers. The bank offers a range of services including credit, investment, and loan insurance products.