The Finnish financial supervisory authority has under the Act on Credit Institutions’ (610/2014)  chapter 10 sections 4 and 6a set to the Amalgamation of POP Banks (POP Bank Alliance Coop 1090961-3) a systemic risk capital buffer of 1,0%, which should be covered with common equity tier 1 capital on the consolidated level due to financial system’s structural properties.

The Financial Supervisory Authority has made a decision on the matter on the 29th of June and it will be effective on the 1st of July 2019.

Further information:
CEO Pekka Lemettinen, POP Bank Alliance Coop
Tel. +358 40 5035 411, email: pekka.lemettinen@poppankki.fi

Interim CEO Kirsi Salo, Bonum Bank Plc
Tel. +358 40 650 0411, email: kirsi.salo@poppankki.fi

Distribution:
Nasdaq Helsinki
www.bonumpankki.fi