Brief: Oma Savings Bank Q3 Profit Before Tax Rises To EUR 17.8 Million

Oma Saastopankki Oyj

31/10/2022 06:37

Oct 31 (Reuters) - Oma Saastopankki Oyj  OMASP.HE :
    * REG-OMA SAVINGS BANK PLC’S INTERIM REPORT 1.1.-30.9.2022:
COMPARABLE PROFIT BEFORE TAXES EUR 18.9 MILLION FOR THE THIRD
QUARTER - AN INCREASE OF 35% COMPARED TO THE COMPARISON PERIOD
    * QUALITY OF OMASP'S LOAN PORTFOLIO IS AT A GOOD LEVEL, AND
ADDITIONAL ALLOWANCES HAVE BEEN MADE FOR INDIVIDUAL CUSTOMERS'
PAYMENT DIFFICULTIES
    * WILL CONTINUE INVESTMENTS TO ENSURE FUTURE COMPETITIVENESS
AND
OUR INVESTMENTS IN CUSTOMER EXPERIENCE
    * ESTIMATES THAT PROFITABLE GROWTH WILL CONTINUE TO BE
STRONG.
GROUP'S 2022 COMPARABLE PROFIT BEFORE TAXES WILL INCREASE
SIGNIFICANTLY COMPARED TO PREVIOUS FINANCIAL YEAR
    * Q3 NET INTEREST INCOME EUR 27.0 MILLION VERSUS EUR 20.6
MILLION
YEAR AGO
    * Q3 PROFIT BEFORE TAX EUR 17.8 MILLION VERSUS EUR 15.3
MILLION
YEAR AGO

Source text for Eikon:  ID:nGNE1YL4NG 
Further company coverage:  OMASP.HE 
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