OP-prime down to 0.45 per cent
(Thomson Reuters ONE) -
OP Financial Group
Press Release
9. February 2016
OP Financial Group will cut its OP-prime rate from 0.60% to 0.45%, effective as
of 23 February 2016. The rate reduction is based on lower market interest rates.
The OP-prime rate is a reference interest rate which is used to regulate OP
Financial Group's borrowing and lending rates. The OP-prime rate was last
changed in May 2015.
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 Financial
Group's mission is to promote the sustainable prosperity, security and wellbeing
of its owner-customers, customers and operating regions through its local
presence. 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 cooperative OP Cooperative, and the
latter's subsidiaries and affiliates. The Group has a staff of 12,000 and 4.3
million customers.
As laid down in the applicable law, the member credit institutions and OP
Cooperative are ultimately jointly and severally liable for each other's debts
and commitments. Joint and several liability within OP Financial Group is based
on the Laki talletuspankkien yhteenliittymästä Act (Act on the amalgamation of
deposit banks). Pohjola Bank plc and OP Mortgage Bank are responsible for OP's
funding on money and capital markets.
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#1984744]
Unternehmensinformation / Kurzprofil:
Datum: 09.02.2016 - 14:23 Uhr
Sprache: Deutsch
News-ID 449590
Anzahl Zeichen: 2287
contact information:
Town:
POHJOLA
Kategorie:
Business News
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"OP-prime down to 0.45 per cent"
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Pohjola Pankki Oyj (Nachricht senden)
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