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2011-12-08 18:02:00 CET 2011-12-08 18:03:02 CET REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementPohjola's information included in OP-Pohjola Group capital adequacy figuresPohjola Bank plc COMPANY ANNOUNCEMENT 8 December 2011 at 7.00 pm Pohjola's information included in OP-Pohjola Group capital adequacy figures The European Banking Authority (EBA) has updated its assessment concerning banks' capital buffers on the basis of figures on 30 September 2011. Of the Finnish banks, OP-Pohjola Group was included in the stress test exercise. Given that Pohjola Bank plc is part of OP-Pohjola Group operating under the principle of joint responsibility, its data are included in the test results. According to EBA's estimate, OP-Pohjola Group is not required to take any action to improve its capital adequacy because the Group's Core Tier 1 ratio is high and the sovereign bond risks are low. OP-Pohjola Group's Core Tier 1 ratio was 11.1% on 30 September 2011, which was clearly above the minimum level of 9% set by the EBA. Neither did the valuation of government bonds at market value in the balance sheet under acquisition costs on 30 September 2011 create any need to increase the amount of capital. OP-Pohjola Group member banks' direct investments in PIIGS government bonds had a value of EUR 42 million on 30 September. Pohjola Bank plc Carina Geber-Teir Chief Communications Officer Additional information Vesa Aho, CFO, tel. +358 (0)10 252 2336 Carina Geber-Teir, Chief Communications Officer, tel. +358 (0)10 252 8394 Distribution NASDAQ OMX Helsinki London Stock Exchange Major media pohjola.fi, op.fi Pohjola Bank plc in brief Pohjola Bank plc is a Finnish financial services group which provides its customers with banking, non-life insurance and asset management services. Our mission is to promote the prosperity, security and wellbeing of our customers. Profitable growth and an increase in company value form our key objectives. Pohjola Group serves corporate customers in Finland and abroad by providing an extensive range of financial, investment, cash-management and non-life insurance services. We offer non-life insurance and private banking services to corporate customers. Pohjola Series A shares have been listed on the Large Cap List of the NASDAQ OMX Helsinki since 1989. The number of shareholders totals around 35,000. Pohjola's consolidated earnings before tax came to 308 million euros in 2010 and the balance sheet total amounted to 36 billion euros on 31 December 2010. Pohjola is part of OP-Pohjola Group, the leading financial services group in Finland which has over four million customers. www.pohjola.fi [HUG#1570071] |
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