Correction to press release on 27 October 2011: OP-Pohjola Group's solid capital adequacy is well above the level required of European banks
(Thomson Reuters ONE) -
On 27 October 2011, OP-Pohjola Group published a press release whereby the
European Banking Authority (EBA) has come up with a new requirement concerning
banks' capital buffers.
The release had an incorrect ratio regarding OP-Pohjola Group's Core Tier 1
ratio. The correct Core Tier 1 ratio, which the Finnish Financial Supervisory
Authority rectified in its release, stood at 11.5% on 30 June 2011.
For more information about EBA's capital buffer estimates, go to the FSA's
website at www.finanssivalvonta.fi
For further information, please contact:
Harri Luhtala, CFO, tel. +358 (0)10 252 2433
Carina Geber-Teir, Chief Communications Officer, tel. +358 (0)10 252 8394
OP-Pohjola Group in brief
OP-Pohjola Group is Finland's leading financial services group providing a
unique range of banking, investment and insurance services. The Group has the
mission of promoting the sustainable prosperity, well-being and security of its
owner-members, 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-Pohjola Group consists of about 200 member
cooperative banks and the Group's central institution, OP-Pohjola Group Central
Cooperative, with its subsidiaries and closely-related companies, the largest of
which is the listed company Pohjola Bank plc. With a staff of over 12,000, OP-
Pohjola Group earnings before tax for 2010 were EUR 575 million and total assets
of EUR 84 billion on 31 December 2010. The Group has over four million
customers.
www. op.fi
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1559230]
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2011 - 17:02 Uhr
Sprache: Deutsch
News-ID 81566
Anzahl Zeichen: 2353
contact information:
Town:
POHJOLA
Kategorie:
Business News
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"Correction to press release on 27 October 2011: OP-Pohjola Group's solid capital adequacy is well above the level required of European banks"
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