Bonum Bank Plc Stock Exchange Release: Amalgamation of POP Banks’ additional capital buffer requirement

Bonum Bank Plc Stock Exchange Release 21st January 2019 at 11:50 CET

Amalgamation of POP Banks’ additional capital buffer requirement

The Finnish Financial Supervisory Authority has imposed an additional capital buffer requirement (Pillar 2) on Amalgamation of POP Banks, based on the Act on Credit Institutions (610/2014) chapter 11 and section 6 (3). The additional capital buffer requirement of 1.25% must be fulfilled with Common Equity Tier 1 (CET1) capital as defined in the EU's Capital Requirements Regulation (575/2013). The additional capital buffer requirement comes into force on 30 September 2019.

 At the end of June 2018, the CET1 capital ratio of the Amalgamation of POP Banks was 20.8% and the total capital ratio was 21.1%.

 Additional information:

CEO Pekka Lemettinen, POP Pankkiliitto osk

Phone: +358 40 503 5411, email: pekka.lemettinen@poppankki.fi

 Distribution:

Nasdaq Helsinki Oy
Main media
www.poppankki.fi

Bonum Bank briefly

Bonum Bank provides clearing, settlement and treasury services for POP Banks. Bonum Bank is an internal bank in the POP Bank group. As a central credit institution it provides banking services for other POP Banks hence reducing need for outside service providers. The objective is to provide necessary central bank services for POP Banks and later extend the services when needed.

Bonum Bank is supervised by the Financial Supervisory Authority, Snellmaninkatu 6, PO Box 103, FI-00101 Helsinki, (Tel) +358 9 183 51, www.finanssivalvonta.fi.

The bank is a member of the Federation of Finance Finland, address Itämerenkatu 11-13, FI-00180 Helsinki, www.finanssiala.fi/en

Owners

POP Bank Centre based in Espoo is the central organization of the POP Bank group being the group's advocacy and support unit. The group consists of independent POP Banks operating in different parts of Finland.

POP Bank Group was established in 1997 to pursue truly independent local cooperative banking and activities in favor of its members and their clients. POP Bank services cover individual customers, small and medium-sized enterprises as well as farmers and forest owners providing them payment solutions, cards, savings and investment products as well as financial services.

Contact

Cards

Please note that we can not comment on customer related information by email. For Visa Credit related inquiries please contact Visa customer service. For Visa Debit related inquiries please contact your own POP Bank. You can find contact details for your own POP Bank at www.poppankki.fi.

Visa customer service

Tel. +358 (0)9 6964 6012

Card Block service (24H)

Tel. +358 20 333

 

 

 

 

Contact

Switchboard

Tel. +358 (0)10 667 3000

Back office

Tel. +358 (0)10 667 3030

backoffice.bonumpankki (at) poppankki.fi

Treasury

Tel. +358 (0)10 667 3010

treasury.bonumpankki (at) poppankki.fi

News

Bonum Bank Plc Stock Exchange Release: Amalgamation of POP Banks’ additional capital buffer requirement

Bonum Bank Plc Stock Exchange Release 21st January 2019 at 11:50 CET

Amalgamation of POP Banks’ additional capital buffer requirement

The Finnish Financial Supervisory Authority has imposed an additional capital buffer requirement (Pillar 2) on Amalgamation of POP Banks, based on the Act on Credit Institutions (610/2014) chapter 11 and section 6 (3). The additional capital buffer requirement of 1.25% must be fulfilled with Common Equity Tier 1 (CET1) capital as defined in the EU's Capital Requirements Regulation (575/2013). The additional capital buffer requirement comes into force on 30 September 2019.

 At the end of June 2018, the CET1 capital ratio of the Amalgamation of POP Banks was 20.8% and the total capital ratio was 21.1%.

 Additional information:

CEO Pekka Lemettinen, POP Pankkiliitto osk

Phone: +358 40 503 5411, email: pekka.lemettinen@poppankki.fi

 Distribution:

Nasdaq Helsinki Oy
Main media
www.poppankki.fi

Bonum Bank Plc

Hevosenkenkä 3

FI-02600 Espoo

Tel. +358 (0)10 4233 710

firstname.lastname@poppankki.fi

Business identity code 2192977-5

BIC/SWIFT Address: POPFFI22