Brief: Oma Saastopankki Says Recognise Additional Eur 35.7 Million Of Additional Allowance Based On Management's Judgement And Impairment Losses In Q2

Oma Saastopankki Oyj

24/07/2024 18:21

July 24 (Reuters) - Oma Saastopankki Oyj  OMASP.HE :
    * REG-INSIDE INFORMATION: THE REVIEW OF OMA SAVINGS BANK
PLC'S
LOAN PORTFOLIO HAS BEEN COMPLETED AND THE PROBLEM IS LIMITED TO
IDENTIFIED NON-COMPLIANCE WITH GUIDELINES - WILL RECOGNISE A
SIGNIFICANT ADDITIONAL ALLOWANCE
    * OMA SAASTOPANKKI OYJ - ALREADY RECONISED A CREDIT LOSS
PROVISION
OF EUR 19.5 MILLION IN IDENTIFIED CUSTOMER GROUPS IN Q1
    * OMA SAASTOPANKKI - HAS REASSESSED CREDIT RISK POSITION OF
RELEVANT CUSTOMERS; WILL RECOGNISE SIGNIFICANT ADDITIONAL
ALLOWANCE FOR Q2
    * OMA SAASTOPANKKI OYJ - WILL RECOGNISE ADDITIONAL EUR 35.7
MILLION OF ADDITIONAL ALLOWANCE BASED ON MANAGEMENT'S JUDGEMENT
AND IMPAIRMENT LOSSES IN Q2
    * OMA SAASTOPANKKI - CUSTOMER GROUPS RELATED TO
NON-COMPLIANCE
ACCOUNT FOR APPROXIMATELY FOUR PERCENT OF OMASP'S SIX BILLION
EURO CREDIT PORTFOLIO
    * OMA SAASTOPANKKI OYJ  - WE RECEIVED CONFIRMATION THAT
NON-COMPLIANCE WITH GUIDELINES IS LIMITED TO APPROXIMATELY EUR
240 MILLION OF OUR CREDIT PORTFOLIO
    * OMA SAASTOPANKKI OYJ: PREPARE IN ADVANCE FOR POSSIBLE
IMPAIRMENT
LOSSES

Source text for Eikon:  ID:nGNE4JRr1G 
Further company coverage:  OMASP.HE 

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