Bonum Bank Plc: POP Bank Group has received an operating licence to begin a mortgage credit bank business

Bonum Bank Plc: POP Bank Group has received an operating licence to begin a mortgage credit bank business

Stock Exchange Release 25 May, 2022 at 5.30 PM EEST, Other information disclosed according to the rules of the exchange 

The European Central Bank has granted POP Bank Group an operating licence to begin a mortgage credit bank business. The Bonum Bank Plc and the POP Mortgage Bank Plc are responsible for the POP Bank Group’s external funding.

“Introducing the mortgage credit bank is supporting POP Bank Group’s growth strategy and diversifies the Group’s funding”, says Jaakko Pulli, CEO of POP Bank Centre, Chairman of the Board of Directors of the Bonum Bank Plc.

POP Mortgage Bank Plc is responsible for POP Bank Group’s mortgage credit bank business with Timo Hulkko acting as the CEO of the Bank. Hulkko also continues as the Deputy CEO of Bonum Bank Plc.

“We are planning to issue covered bonds in the near future”, says Timo Hulkko.

Bonum Bank Plc

Additional information:

Jaakko Pulli, Chairman of the Board of Directors of Bonum Bank Plc as well as CEO of the POP Bank Centre, tel. +358 50 420 0925, email: jaakko.pulli@poppankki.fi

Pia Ali-Tolppa, CEO, Bonum Bank Plc, tel. +358 50 303 1476, email: pia.ali-tolppa@poppankki.fi

Timo Hulkko, Deputy CEO, Bonum Bank Plc as well as CEO of POP Mortgage Bank Plc, tel. +358 50 089 4008, email: timo.hulkko@poppankki.fi

Distribution:

Nasdaq Helsinki
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www.poppankki.fi