OP-prime down
(Thomson Reuters ONE) -
On 21 April 2015, OP Cooperative's Executive Board decided to reduce OP
Financial Group's reference rate from 0.75% to 0.60%, effective as of 5 May
2015. The decision is based on lower market interest rates. OP-prime was last
changed in November 2014.
FOR MORE INFORMATION, PLEASE CONTACT:
Reijo Heiskanen, Chief Economist, tel. 010 252 8354
OP Financial Group is Finland's leading financial services group providing a
unique range of banking, wealth management and insurance services. OP'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
Financial Group consists of about 180 member cooperative banks, its central
institution OP Cooperative, and the latter's subsidiaries and affiliates. The
Group has a staff of 12,000. OP Financial Group has 4.3 million customers.
As laid down in the applicable law, OP 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 Financial Group is prescribed by
the Act on the Amalgamation of Deposit Banks. Pohjola Bank plc and OP Mortgage
Bank are responsible for OP's funding operations on money and capital markets.
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#1912809]
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2015 - 12:12 Uhr
Sprache: Deutsch
News-ID 387338
Anzahl Zeichen: 2048
contact information:
Town:
POHJOLA
Kategorie:
Business News
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"OP-prime down"
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