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Yahoo
04-08-2025
- Business
- Yahoo
Oma Savings Bank Plc's Half-Year Financial Report January-June 2025: Core business on a solid foundation – the improvement of operating models is progressing
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 4 August 2025 AT 9.05 A.M. EET, HALF-YEAR FINANCIAL REPORTOma Savings Bank Plc's Half-Year Financial Report January-June 2025: Core business on a solid foundation – the improvement of operating models is progressing This release is a summary of Oma Savings Bank's (OmaSp) January-June 2025 Half-Year Financial Report, which can be read from the pdf file attached to this stock exchange release. In addition, alongside with the Half-Year Financial Report, the Company also publishes Disclosure information on capital adequacy and risk management in accordance with the Pillar III as a separate report, available as an attached pdf file. Both reports are also available on the Company's website at Karri Alameri: Core business on a solid foundation – the improvement of operating models is progressing 'The first half of the year has been a period of active and goal-oriented development work within our bank. Significant measures have been taken to strengthen risk management and to improve the regulatory compliance of our operations. Concurrently, the effects of declining interest rates and economic uncertainty have been reflected in our results. Despite this, our business is stable, and our financial position is strong. Efforts to improve risk management and internal operating models are advancing. A new action plan was launched to address observations made by the supervisor in February, with expenses of EUR 2.6 million recorded in the second quarter. This action plan will continue until the end of 2025, laying the foundation for profitable and stable operations in the future. The controlled winding down portfolio is also progressing: the approximately EUR 240 million portfolio related to non-compliance with the guidelines reported a year ago has been reduced to approximately EUR 200 million through various arrangements, and work continues. The risk management action plan (the "Noste") was completed in March, and its effects are already visible in our practices. The comparable profit before taxes for the second quarter was EUR 19.0 (5.5) million, in line with our expectations. The result was still weighed down by the decline in net interest income and the increase in operating expenses. The comparable cost/income ratio was 52.1 (32.9) percent in the second quarter. Comparable operating expenses increased by 38.7 percent in the second quarter, amounting to EUR 30.5 (22.0) million. This increase in expenses is primarily due to the growth in the number of personnel and the expanded branch network, as well as the action plan related to the supervisor's observations. Net interest income decreased by 16.1 percent compared to the comparison period, amounting to EUR 44.0 (52.4) million. This decrease is attributed to market interest rates and the reduction in the loan portfolio. Fee and commission income and expenses (net) totalled EUR 12.4 (12.7) million, which is 2.2 percent less than in the comparison period. The mortgage loan portfolio grew by 1.2 percent from the level of a year ago. Conversely, the loan portfolio of corporate customers decreased by 7.5 percent. The deposit portfolio grew by 7.9 percent. Challenges in the operating environment are reflected in the quality of the loan portfolio. In the second quarter, impairment losses on financial assets were EUR -9.1 (-39.4) million, mainly due to increased payment difficulties caused by the general economic situation, especially in the SME sector. Our goal is profitable growth and satisfied customers The takeover of Handelsbanken's customers has been completed, and we are focusing even more on supporting our customers' daily lives. Oma Savings Bank's nationwide branch network serves private and corporate customers in Finland's key growth and regional centres. Customer satisfaction has remained at a high level, and we are committed to developing expert customer service. Our goal is to build profitable growth with our current strengths – a customer-oriented service model, efficient processes, and responsible management. The commitment of our personnel deserves special recognition, and I extend my gratitude to the entire staff for their excellent performance. The past period has once again demonstrated the dedication, skill, and cooperation within our organisation. Our bank's financial position is strong. The total capital (TC) further strengthened in the second quarter, reaching 18.7 (15.6) percent at the end of June. The accumulated equity was EUR 591 (576) million. I look to the future with confidence. We are focused on improving efficiency, enhancing the customer experience, and restoring trust through concrete actions. Development work continues persistently, and every action brings us closer to a result-driven and sustainable future.' The Group's key figures (1,000 euros) 1-6/2025 1-6/2024 Δ % 1-12/2024 2025 Q2 2024 Q2 Δ % Net interest income 90,895 109,81 -17% 213,097 44,016 52,442 -16% Fee and commission income and expenses, net 24,854 25,465 -2% 50,745 12,415 12,699 -2% Total operating income 119,414 141,576 -16% 270,068 59,34 67,497 -12% Total operating expenses -65,101 -49,389 32% -111,004 -30,861 -23,432 32% Impairment losses on financial assets, net -31,41 -62,535 -50% -83,379 -9,088 -39,423 -77% Profit before taxes 21,721 29,171 -26% 74,589 18,611 4,504 313% Cost/income ratio, % 55.1% 35.0% 57% 41.3% 52.7% 34.8% 51% Balance sheet total 7,366,337 7,284,410 1% 7,709,090 7,366,337 7,284,410 1% Equity 590,742 533,259 11% 576,143 590,742 533,259 11% Return on assets (ROA) % 0.5% 0.6% -27% 0.8% 0.8% 0.2% 326% Return on equity (ROE) % 5.9% 8.7% -32% 10.7% 10.0% 2.6% 287% Earnings per share (EPS), EUR 0.52 0.70 -27% 1.80 0.44 0.10 327% Total capital (TC) ratio % 18.7% 16.6% 13% 15.6% 18.7% 16.6% 13% Common Equity Tier 1 (CET1) capital ratio % 17.6% 15.2% 16% 14.4% 17.6% 15.2% 16% Comparable profit before taxes 23,603 31,136 -24% 86,656 18,986 5,51 245% Comparable cost/income ratio, % 53.3% 33.5% 59% 37.8% 52.1% 32.9% 58% Comparable return on equity (ROE) % 6.4% 9.3% -31% 12.4% 10.2% 3.2% 220% January–June 2025 As a result of the decline in market interest rates and the decline in the loan portfolio, net interest income decreased by 16.1% in the second quarter and in January–June by 17.2% compared to the previous year. Mortgage portfolio increased by 1.2% during the previous 12 months. Corporate loan portfolio decreased by 7.5% during the previous 12 months. Deposit base increased by 7.9% over the past 12 months. In the second quarter, fee and commission income and expenses (net) decreased by 2.2% totalling EUR 12.4 (12.7) million. In January–June, fee and commission income and expenses (net) decreased by 2.4%. The development is mainly due to lower commission income related to lending and card business than in the comparison period. In the second quarter, total operating income decreased by 12.1% and in January–June by 15.7% compared to the comparison period. In the second quarter, comparable total operating income decreased by 11.5% and was EUR 59.4 million. In the second quarter, total operating expenses grew by 31.7%. The growth is mainly explained by the Company's increased number of personnel and the expanded branch network. In addition, the Company has ongoing development projects related to the improvement of risk management processes and measures required by the supervisor's observations. In January–June total operating expenses grew by 31.8%. In the second quarter, other operating expenses were in total EUR 17.2 (12.5) million and in January–June EUR 39.4 (28.9) million. In the first quarter, the Company received the supervisor's final reports on the supervisor's review as well as liquidity risk management and reporting conducted in 2024. In the second quarter, the Company started the implementation of the action plans to correct the observations made by the supervisor, and a total of EUR 2.6 million in expenses were recorded. The implementation of the action plans continues until the end of the financial year 2025. The risk management action plan (the "Noste") was completed during the first quarter and no related expenses were recorded in the second quarter. Investigation costs of EUR 0.3 million were recorded in relation to the promotion of measures in the controlled winding down of the portfolio related to non-compliance with the guidelines. In the second quarter, comparable total operating expenses grew by 38.7% and were EUR 30.5 (22.0) million. In the second quarter, the impairment losses on financial assets were in total EUR -9.1 (-39.4) million. Impairment losses are primarily attributable to increased payment difficulties stemming from the generally weak economic environment, particularly within the SME sector and, due to higher provision level under the ECL model as default durations have lengthened. During the comparison period, the Company recorded an additional discretionary allowance of EUR 30 million related to non-compliance with the guidelines and the outcome of the screening of the credit portfolio. For January–June, the total impairment losses on financial assets were EUR -31.4 (-62.5) million. In the summer of 2024, the Company announced a credit portfolio analysis related to the non-compliance with the guidelines, according to which the portfolio related to the non-compliance with the guidelines represented approximately 4% of the Company's credit portfolio, amounting to approximately EUR 240 million. In this regard, the Company launched a controlled winding down plan in the second half of 2024. As a result of various arrangements, the size of the credit portfolio related to non-compliance with the guidelines was approximately EUR 200 million on 30 June 2025, representing 3.4% of the total credit portfolio. In the future, the Company will report on the status of the credit portfolio related to non-compliance with the guidelines on a semi-annual basis. For the second quarter, profit before taxes was EUR 18.6 (4.5) million and comparable profit before taxes was EUR 19.0 (5.5) million. For January–June, profit before taxes was EUR 21.7 (29.2) million and comparable profit before taxes was EUR 23.6 (31.1) million. In the second quarter, the cost/income ratio was 52.7 (34.8)% and in January–June, 55.1 (35.0)%. In the second quarter, comparable cost/income ratio was 52.1 (32.9)% and in January–June, comparable cost/income ratio was 53.3 (33.5)%. In the second quarter, comparable return on equity (ROE) was 10.2 (3.2)% and in January–June, 6.4 (9.3)%. Total capital (TC) ratio was 18.7 (15.6)%. Outlook for 2025 (updated on 15 June 2025) Oma Savings Bank Plc (OmaSp) lowered its earnings guidance for year 2025 as the Company's cost level is expected to remain high throughout the 2025 financial year due to investments in risk management and quality processes, increased headcount, and efforts to address the findings of the Finnish Financial Supervisory Authority's (FIN-FSA) inspection. In addition, the update of the ECL model implemented during the first quarter has increased the level of credit loss provisions more than anticipated. Furthermore, fee and commission income is expected to grow more slowly than anticipated in the prevailing economic environment. The Company estimates the Group's comparable profit before taxes is EUR 50-65 million for the financial year 2025. Business outlook and earnings guidance for the financial year 2025 (updated on 15 June 2025): The outlook for the Company's business for the financial year 2025 is affected by the decline in market interest rates and the continued high level of costs due to IT investments and system improvements required by risk management and quality processes. In addition, the Company continues to invest in customer experience on different channels. The uncertainty of the operating environment and economic situation affects the development of balance sheet items and comparable profit for the financial year 2025. Oma Savings Bank Plc provides earnings guidance on comparable profit before taxes for 2025. Earnings guidance is based on the forecast for the entire year, which takes into account the current market and business situation. Forecasts are based on the management's insight into the Group's business development. We estimate the Group's comparable profit before taxes to be EUR 50–65 million for the financial year 2025, (comparable profit before taxes was EUR 86.7 million in the financial year 2024). Oma Savings Bank Plc Additional information: Karri Alameri, CEO, tel. +358 45 656 5250, Sarianna Liiri, CFO, tel. +358 40 835 6712, Pirjetta Soikkeli, CCO, tel. +358 40 750 0093, DISTRIBUTION Nasdaq Helsinki Ltd Major media OmaSp is a solvent and profitable Finnish bank. Over 600 professionals provide nationwide services through OmaSp's 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners' products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations. OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp. Attachments OmaSp Half-Year Financial Report 30 June 2025 OmaSp Pillar III Disclosure Report on capital adequacy and risk management 30 June 2025 Attachments Oma Savings Bank Half Year Report 30 June 2025 Pillar III Disclosure Report on capital adequacy and risk management 30 June 2025Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
28-07-2025
- Business
- Yahoo
Oma Savings Bank Plc to publish its Half-Year Financial Report January-June 2025 on 4 August 2025
Oma Savings Bank Plc to publish its Half-Year Financial Report January-June 2025 on 4 August 2025 Oma Savings Bank Plc will publish its Half-Year Financial Report Report for January-June 2025 on 4 August 2025. The announcement will be available on the company's website after publication at OmaSp will hold a Finnish-language webcast on 4 August 2025 at 11.00 EET, and the link to the webcast can be accessed from here. The results will be presented by CEO Karri Alameri. The webcast will be recorded, and the recording will be available later the same day at Please join us for the results announcement webcast. Oma Savings Bank Plc Additional information: Karri Alameri, CEO, tel. +358 45 656 5250, Sarianna Liiri, CFO, tel. +358 40 835 6712, Pirjetta Soikkeli, CCO, tel. +358 40 750 0093, DISTRIBUTION: Nasdaq Helsinki LtdMajor OmaSp is a solvent and profitable Finnish bank. About 600 professionals provide nationwide services through OmaSp's 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners' products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations. OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in Details Website URL: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Tribune
20-07-2025
- Science
- Daily Tribune
Longest Land Eclipse in 100 Years Set to Cross Europe, Africa, and the Middle East
A breathtaking celestial event is on its way. On August 2, 2027, people across parts of Europe, North Africa, and the Middle East will witness one of the longest total solar eclipses seen from land in over a century. This rare eclipse will last up to six minutes and 23 seconds — more than double the average duration of most total eclipses, which usually last under three minutes. It's being hailed as a once-in-a-lifetime experience for skywatchers and astronomy lovers around the world. What's Happening? During a total solar eclipse, the Moon moves directly between the Earth and the Sun, casting a shadow and turning day briefly into night. What makes this one so special is its extraordinary length and wide visibility. Experts say it's the longest eclipse to be visible from land between the years 1991 and 2114. Viewers in the eclipse's path will get an extended opportunity to see the Sun's corona — the outer atmosphere that's usually hidden — and feel the eerie calm of mid-day darkness. Where You Can See It The eclipse will begin over the Atlantic Ocean and sweep eastward across parts of Europe, North Africa, and the Middle East, before ending over the Indian Ocean. Some of the best spots to view the eclipse include: Southern Spain Northern Morocco Algeria, Tunisia, Libya Central Egypt Sudan, Saudi Arabia, Yemen Somalia In cities like Luxor, Egypt, total darkness will last over six minutes — an ideal location thanks to its typically clear August skies. Exact timing depends on location. For instance: Southern Spain: Between 1:30 PM and 2:00 PM (CEST) Libya and Egypt: Between 2:00 PM and 2:30 PM (EET) Unfortunately, India will miss most of the show. Only parts of its far west might catch a faint glimpse of a partial eclipse around sunset. Why This Eclipse is Unique Several rare factors come together to make this eclipse extraordinary: Earth will be at aphelion, its farthest point from the Sun, making the Sun appear slightly smaller. At the same time, the Moon will be at perigee, its closest point to Earth, appearing larger than usual. The eclipse path crosses close to the equator, causing the Moon's shadow to move slower and stretch the duration of totality. In short, this is not just another eclipse — it's a spectacular display of cosmic timing. Whether you're a seasoned astronomer or a curious skywatcher, August 2, 2027, is a date worth circling on your calendar.
Malay Mail
23-06-2025
- Business
- Malay Mail
RETRANSMISSION: DevvStream Signs Carbon Management Agreement with Energy Efficient Technologies
Partnership expands DevvStream's pipeline with efficiency-based environmental assets and shared energy-savings revenue Two revenue streams . Pursuant to the agreement, DevvStream will receive revenue from EET's carbon credits and international renewable energy certificates (" I-RECs ") and share in verified utility-bill savings. . Pursuant to the agreement, DevvStream will receive revenue from EET's carbon credits and international renewable energy certificates (" ") and share in verified utility-bill savings. New vertical . Adds building-efficiency assets to DevvStream's hydro, solar, waste-to-energy, carbon-capture, and biogas portfolio of projects and partners. . Adds building-efficiency assets to DevvStream's hydro, solar, waste-to-energy, carbon-capture, and biogas portfolio of projects and partners. Large addressable market . EET estimates that deploying its CryoGenX4™ across 8,000 data centers could save (US) $20 billion in power costs, cut 166 billion kWh, and avoid 117 million tonnes of CO₂ per year—showing the scale DevvStream can help monetize. . EET estimates that deploying its CryoGenX4™ across 8,000 data centers could save (US) $20 billion in power costs, cut 166 billion kWh, and avoid 117 million tonnes of CO₂ per year—showing the scale DevvStream can help monetize. Growing demand. Companies seeking scope-2 reductions increasingly view energy-efficiency credits as a cost-effective decarbonization path. [email protected] Calgary, Alberta - Newsfile Corp. - June 23, 2025 - DevvStream Corp. (NASDAQ: DEVS), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced a carbon-management agreement with Energy Efficient Technologies (""). EET is an engineering firm that reduces electricity use in commercial buildings by an average 8%-35% and has validated savings for numerous large-scale clients, including a global hospitality group operating more than 8,000 hotels across more than 130 countries, the world's largest quick-service restaurant network, and one of the world's largest brewing companies, with flagship beer brands sold in over 100 markets."We believe EET's proven record of double-digit energy savings positions us to unlock a high-value stream of efficiency-based credits and cost-sharing revenue," said Sunny Trinh, CEO of DevvStream. "By layering shared savings on top of carbon- and I-REC monetization, we anticipate further diversifying DevvStream's income while helping businesses cut costs and emissions.""Energy Efficient Technologies has delivered—and independently verified—double-digit energy-use reductions for clients such as Marriott, McDonald's cold-chain distribution network, Anheuser-Busch, and Cogent Communications data centers," said Joe Mearman, CEO of EET. "DevvStream's transparent credit-certification process and global buyer reach provide a trusted pathway to convert those proven savings into high-integrity carbon credits and I-RECs, allowing our customers to capture additional environmental and financial value while we remain focused on engineering efficiency at scale."Founded in 2021, DevvStream is a leading carbon management firm specializing in the development, investment, and sale of environmental assets, energy transition, and innovative carbon management solutions. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial a diverse approach to energy transition and carbon markets, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the company serves as project manager for eligible activities such as EV charging or renewable energy generation in exchange for a percentage of generated credits or more information, please visit Since 1988, the Energy Efficient Technologies team has been passionate about helping the company's employees began as contractors working with the United States Navy, helping to automate the energy and control systems of nuclear submarines, warships, and aircraft carriers. Their work allowed personnel to focus on their primary tasks, while reducing energy, fuel usage, operation and maintenance costs and improving reliability and survivability. Today, Energy Efficient Technologies has become an industry leader through its continued research and applications. The company's goal is to help every client reduce their carbon footprint while becoming more energy efficient and profitable. Learn more at Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, DevvStream's ability to continue as a going concern and to realize the benefits of its recently completed business combination, DevvStream's ability to remain listed on Nasdaq, the volatility of the market price and the liquidity of DevvStream's common shares, the impact from future regulatory, judicial, legislative or regulatory changes in DevvStream's industry, the trends in the carbon credit markets, future performance and anticipated financial impacts of certain transactions by DevvStream or others, the growth and value of the global carbon credit or I-REC market traded value, the potential of carbon credits to provide carbon emission reductions and reduce carbon emissions to limit global warming, estimated CO2 capture, sequestration, decarbonization or storage capacities or potentials of different projects in which DevvStream is investing, DevvStream's opportunity pipeline and the ability of such opportunities to generate I-RECs, carbon credits, tax credits, or shared savings revenue each year, and the market growth and value of these markets, all of which are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Execution and revenue realization under the agreement are subject to independent validation of energy savings, the issuance of environmental assets by applicable registries, and continued performance by project partners. Successful execution of projects described herein is subject to regulatory approvals and the performance of local partners, and there can be no assurance that all contemplated environmental assets will be issued or monetized. Moreover, there can be no assurance that any future agreements described herein will be forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities. This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements (408) 365-4348 The issuer is solely responsible for the content of this announcement.
Yahoo
15-06-2025
- Business
- Yahoo
Inside information, negative profit warning - Oma Savings Bank Plc lowers its earnings guidance for 2025
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE, 15 JUNE 2025 AT 21:55 P.M. EET, INSIDE INFORMATION Inside information, negative profit warning - Oma Savings Bank Plc lowers its earnings guidance for 2025 Oma Savings Bank Plc (OmaSp or Company) lowers its earnings guidance for 2025 as the company's cost level is expected to remain high throughout the 2025 financial year due to investments in risk management and quality processes, increased headcount, and efforts to address the findings of the Financial Supervisory Authority's inspection. In addition, the update to the ECL model implemented during the first quarter has increased the level of credit loss provisions more than anticipated. Furthermore, fee and commission income is expected to grow more slowly than anticipated in the prevailing economic environment. OmaSp estimates that the Group's comparable profit before taxes is EUR 50-65 million for the financial year 2025. New business outlook and earnings guidance for 2025 are as follows (updated 15 June 2025): The outlook for the Company's business for the financial year 2025 is affected by the decline in market interest rates and the continued high level of costs due to IT investments and system improvements required by risk management and quality processes. In addition, the Company continues to invest in customer experience on different channels. The uncertainty of the operating environment and economic situation affects the development of balance sheet items and comparable profit for the financial year 2025. Oma Savings Bank Plc provides earnings guidance on comparable profit before taxes for 2025. Earnings guidance is based on the forecast for the entire year, which takes into account the current market and business situation. Forecasts are based on the management's insight into the Group's business development. We estimate the Group's comparable profit before taxes to be EUR 50–65 million for the financial year 2025 (comparable profit before taxes was EUR 86.7 million in the financial year 2024). Previous business outlook and earnings guidance (published 5 May 2025): The outlook for the Company's business for the financial year 2025 is affected by the decline in market interest rates and the continued high level of costs due to IT investments and system improvements required by risk management and quality processes. In addition, the Company continues to invest in customer experience on different channels. The uncertainty of the operating environment and economic situation affects the development of balance sheet items and comparable profit for the financial year 2025. Oma Savings Bank Plc provides earnings guidance on comparable profit before taxes for 2025. Earnings guidance is based on the forecast for the entire year, which takes into account the current market and business situation. Forecasts are based on the management's insight into the Group's business development. We estimate the Group's comparable profit before taxes to be EUR 65–80 million for the financial year 2025, with a clarification that the figure is expected to be below the mid-point of the range (comparable profit before taxes was EUR 86.7 million in the financial year 2024). Oma Savings Bank Plc Additional information:Karri Alameri, CEO, tel. +358 45 656 5250, Liiri, CFO, tel. +358 40 835 6712, DISTRIBUTION: Nasdaq Helsinki LtdMajor OmaSp is a solvent and profitable Finnish bank. About 600 professionals provide nationwide services through OmaSp's 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners' products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations. OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
