2015-07-06 10:15:00 CEST

2015-07-06 11:36:20 CEST


REGLAMENTUOJAMA INFORMACIJA

Pohjola Pankki Oyj - Company Announcement

OP Financial Group markedly above the level of the new capital adequacy requirement set by FIN-FSA


OP Financial Group
Stock Exchange Release
6 July 2015 at 11.15 a.m. EEST



OP Financial Group markedly above the level of the new capital adequacy
requirement set by FIN-FSA

At its meeting on 6 July 2015, the Board of the Finnish Financial Supervisory
Authority (FIN-FSA) set a new minimum capital adequacy level for OP Financial
Group and for the first time set the Other Systemically Important Institutions
(O-SII) buffer, under the Act on Credit Institutions, for major Finnish banks.
The buffer of 2.0 percentage points set for OP Financial Group will take effect
on 7 January 2016.

In view of the capital buffer requirements, this decision increases the Group's
CET1 ratio requirement to 9.0 per cent and total capital adequacy ratio
requirement to 12.5 per cent as of 7 January 2016. The Group is markedly above
the level of this new minimum capital adequacy requirement.

At the end of March, OP Financial Group's CET1 ratio stood at 16.7 per cent and
total capital adequacy ratio at 18.9 per cent."We have for many years now been providing for tighter capital adequacy
regulation and put high capital adequacy at the top of our agenda as our
financial indicator. Our own target is double the ratio what the regulators
require of us with their new decision", says Reijo Karhinen, OP's President and
Group Executive Chairman.

The Group's minimum CET1ratio target is 18 per cent by the end of 2016. When
setting this target, the Group has taken the known capital buffer requirements
in full into account. OP Financial Group's capital adequacy is markedly above
the required capital buffer requirement measured alone by the CET1 ratio.

An Other Systemically Important Institution (O-SII) is a bank whose balance
sheet total exceeds one billion euros and whose failure would risk the financial
stability in Finland or in another EU member state. The FSA may set a buffer of
a range of 0-2 percentage points based on the bank's systemic importance. The
buffer level will be revised on an annual basis.



OP Cooperative

Carina Geber-Teir
Executive Vice President, Corporate Communications

For more information, please contact:
OP Communications, media contacts, tel. +358 (0)50 523 9904

DISTRIBUTION
NASDAQ OMX Helsinki
LSE London Stock Exchange
SIX Swiss Exchange
Major media
op.fi, pohjola.com



OP Financial Group

OP Financial Group is Finland's leading financial services group providing a
unique range of banking, wealth management and insurance services. OP's mission
is to promote the sustainable prosperity, security and wellbeing of its
customer-owners, customers and operating regions. Its objective is to offer the
best and most versatile package of loyal customer benefits on the market. OP
Financial Group consists of about 180 member cooperative banks, its central
cooperative OP Cooperative, and the latter's subsidiaries and affiliates. The
Group has a staff of 12,000 and 4.3 million customers.

As laid down in the applicable law, the member credit institutions and OP
Cooperative are ultimately jointly and severally liable for each other's debts
and commitments. Joint and several liability within OP Financial Group is based
on the Laki talletuspankkien yhteenliittymästä Act (Act on the amalgamation of
deposit banks). Pohjola Bank plc and OP Mortgage Bank are responsible for OP's
funding on money and capital markets
www.op.fi


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