Inside information, negative profit warning: Oma Savings Bank Plc publishes preliminary information on the result for the first quarter [Yahoo! Finance]
SVENSKA HANDELSBK UNS/ADR (SVNLY)
NASDAQ:AMEX Investor Relations:
danskebank.com/investor-relations
Company Research
Source: Yahoo! Finance
Inside information, negative profit warning: Oma Savings Bank Plc publishes preliminary information on the result for the first quarter Oma Savings Bank Plc (OmaSp or the Company) publishes preliminary information on the preliminary result for the first quarter of 2024 due to an additional allowance based on management's judgement to be recognised for the period. The Company updates its guidance and comparable profit before taxes is expected to be EUR 120–140 million for the financial year 2024. OmaSp's business development has continued to exceed expectations during the first quarter despite the challenging economic operating environment. Both main sources of income, net interest income and fee and commission income and expenses, have continued strong growth. At the end of the first quarter, the Company detected non-compliance with the guidelines as a result of its own monitoring processes, as a result of which the Company's credit risk position deteriorated materially for certa
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News
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