OP-prime Down
(Thomson Reuters ONE) -
On 3 November 2014, OP-Pohjola Group Central Cooperative's Executive Board
decided to reduce OP-Pohjola Group's OP-prime reference rate from 0.9% to
0.75%, effective as of 17 November 2014. The decision is based on falling market
interest rates. The last time OP-prime was changed in September 2014.
FURTHER INFORMATION:
Reijo Heiskanen, Chief Economist, tel. +358 (0)10 252 8354
OP-Pohjola is Finland's leading financial services group providing a unique
range of banking, wealth management and insurance services. OP-Pohjola's mission
is to promote the sustainable prosperity, security and wellbeing of its
customer-owners, customers and operating regions. Its objective is to offer the
best and most versatile package of loyal customer benefits on the market. OP-
Pohjola Group consists of about 180 member cooperative banks, its central
institution OP-Pohjola Group Central Cooperative, and the latter's subsidiaries
and affiliates. The Group has a staff of 12,000.
As laid down in the applicable law, OP-Pohjola Group Central Cooperative and its
member credit institutions are ultimately jointly and severally liable for each
other's debts and commitments. The joint liability in the OP-Pohjola Group is
prescribed by the Act on the Amalgamation of Deposit Banks Act. Pohjola Bank plc
and OP Mortgage Bank are responsible for OP-Pohjola's funding operations on
money and capital markets.
Financial services provider OP-Pohjola is continuing its revamp - this time the
focus is on its brand. The changes under way form part of the creation of a new
financial services group fully owned by its customers. OP-Pohjola's name is OP
Financial Group as of 1 January 2015.
www.op.fi
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
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#1867976]
Unternehmensinformation / Kurzprofil:
Datum: 03.11.2014 - 13:54 Uhr
Sprache: Deutsch
News-ID 349088
Anzahl Zeichen: 2422
contact information:
Town:
POHJOLA
Kategorie:
Business News
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"OP-prime Down"
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Pohjola Pankki Oyj (Nachricht senden)
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