OP-Pohjola Group's risk-bearing capacity strong in ECB's comprehensive assessment , Pohjola Bank plc's figures included in OP-Pohjola Group's results
(Thomson Reuters ONE) -
Pohjola Bank plc
Stock exchange release
26 October 2014
OP-Pohjola Group's risk-bearing capacity strong in ECB's comprehensive
assessment , Pohjola Bank plc's figures included in OP-Pohjola Group's results
Between November 2013 and October 2014, the European Central Bank and national
supervisory authorities carried out a comprehensive assessment of the 130 banks
in the European Union that are transferred under ECB supervision in November
2014.
Of the Finnish banks, OP-Pohjola Group was included in this exercise. Given that
Pohjola Bank plc is part of OP-Pohjola Group operating under the principle of
joint liability, its data are included in the test results. OP-Pohjola Group's
risk-bearing capacity was strong in ECB's comprehensive assessment.
In the adverse scenario, OP-Pohjola Group's capital adequacy remained on a solid
basis and clearly above the test's minimum requirement. The Group's Common
Equity Tier 1 (CET1) would decrease to 12.0 %, with the minimum requirement
being 5.5%.
OP-Pohjola Group's results have been presented in the attached tables conforming
to the ECB and EBA templates.
Pohjola Pankki Oyj
Carina Geber-Teir
Chief Communications Officer
Corporate Communications contacts for media: +358 (0)50 523 9904,
viestinta(at)op.fi
Pohjola is part of the leading Finnish customer-owned financial services group,
OP-Pohjola. Pohjola provides its customers with banking, non-life insurance and
asset management services. Pohjola is OP-Pohjola's central bank and is, together
with OP Mortgage Bank, responsible for OP-Pohjola's funding operations on money
and capital markets. As laid down in the applicable law, Pohjola, its parent
company OP-Pohjola Group Central Cooperative and the member credit institutions
are ultimately jointly and severally liable for each other's debts and
commitments. The joint liability in OP-Pohjola is prescribed by the Act on the
Amalgamation of Deposit Banks Act.
www.pohjola.fi
OP-Group Comprehensive Assessment Outcome:
http://hugin.info/142911/R/1865835/655296.pdf
OP-Group Results of EU-Wide Stress Test:
http://hugin.info/142911/R/1865835/655303.pdf
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pohjola Pankki Oyj via GlobeNewswire
[HUG#1865835]
Unternehmensinformation / Kurzprofil:
Datum: 26.10.2014 - 12:20 Uhr
Sprache: Deutsch
News-ID 346934
Anzahl Zeichen: 3022
contact information:
Town:
POHJOLA
Kategorie:
Business News
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