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2008-06-23 10:45:00 CEST 2008-06-23 10:45:01 CEST REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementPohjola Bank Plc's New Reporting ProceduresPohjola Bank plc Stock Exchange Release 23 June 2008, at 11.45 am Finnish time (GMT +3) Pohjola Bank Plc's New Reporting Procedures In May, Pohjola Bank Group adopted a new organisational structure, currently comprising three business segments instead of the previous two - Banking Services, Asset Management and Non-life Insurance - and Group Functions. The Group will also change its financial reporting to be in line with the new structure as of the beginning of the second quarter of 2008. Banking Services consists of the following business divisions: Corporate Banking, Markets and Baltic Banking Services. Asset Management is currently reported as a single business segment. The Non-life Insurance business segment will remain unchanged, with Private Customers, Corporate Customers and Baltic Insurance Operations representing its business divisions. The Group functions comprise Finance, Risk Management, Corporate Communications and HR Services. Pohjola Bank Group's comparatives for the four quarters of 2007 and the first quarter of 2008, based on the new segment reporting presentation, can be found under Company Releases at www.pohjola.fi. The new segment reporting will have no effect on Pohjola Bank Group's reported figures and financial targets. The Group will publish its financial targets based on the new segments in the autumn of 2008. Pohjola Bank Group published a company release on 6 May 2008, covering the organisational changes. Pohjola Bank plc Markku Koponen Senior Vice President FOR FURTHER INFORMATION, PLEASE CONTACT: Ilkka Salonen, CFO, tel. 010 252 3146 DISTRIBUTION OMX Nordic Exchange Helsinki London Stock Exchange SWX Swiss Exchange Major media www.pohjola.fi |
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