Oma Savings Bank Plc reported strong financial performance, acquiring new customers and forecasting profit increase.

From GlobeNewswire: 2025-02-10 02:15:00

Oma Savings Bank Plc reported a strong financial performance for the year 2024, with a comparable profit before taxes of EUR 27.9 million in the fourth quarter. The company’s net interest income increased by 8% for the whole year, while fee and commission income and expenses net increased by 7% annually. OmaSp acquired Handelsbanken AB’s Finnish SME business, gaining approximately 10,000 new customers. The company’s cost/income ratio remained at a good level despite significant investments, and the total capital ratio was 15.6% at the end of the year. OmaSp forecasts a comparable profit before taxes of EUR 65-80 million for 2025.

Source: Oma Savings Bank Plc Financial Statements Release 31 December 2024.



Read more at GlobeNewswire: Oma Savings Bank Plc’s Financial Statements Release 1