Brief: Oma Saastopankki Q1 Pretax Profit Down At EUR 7.2 Mln

Oma Saastopankki Oyj

11/05/2020 07:10

May 11 (Reuters) - Oma Saastopankki Oyj  OMASP.HE :
    * REG-OMA SAVINGS BANK PLC'S INTERIM REPORT 1.1.-31.3.2020:
BANK'S
BUSINESS SHOWED STRONG GROWTH DURING Q1 - PREPARATIONS MADE FOR
CHANGES IN OPERATING ENVIRONMENT
    * Q1 FEE AND COMMISSION EXPENSES FELL BY MORE THAN 27% AND
PERSONNEL EXPENSES BY 10%.
    * Q1 PROFIT BEFORE TAXES WAS EUR 7.2 (11.9) MILLION
    * COMPANY'S EARNING IS EXPECTED TO INCREASE DURING FY2020 IN
BOTH
KEY SOURCES OF INCOME, NET INTEREST INCOME AND FEE AND
COMMISSION INCOME
    * Q1 NET INTEREST INCOME EUR 15.5  MILLION VERSUS EUR 13.2
MILLION
YEAR AGO
    * OPERATING COSTS ARE PROJECTED TO REMAIN APPROXIMATELY AT
CURRENT
LEVEL, SO PROFITABILITY OF COMPANY'S CORE BUSINESS IS EXPECTED
TO CONTINUE TO IMPROVE IN FY2020
    * Q1 PROFIT BEFORE TAX EUR 7.2 MILLION VERSUS EUR 11.9
MILLION
YEAR AGO

Source text for Eikon:  ID:nGNE3DGpx9 
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