Oma Savings Bank Plc acquired Svenska Handelsbanken's SME operations, adding 10,000 customers, in Q3 2024.
Oma Savings Bank Plc's Q3 2024 report indicates steady business development, highlighted by the acquisition of Svenska Handelsbanken's SME operations, adding 10,000 customers. Despite a 4% drop in net interest income due to lower market rates, it grew 16% earlier in the year. Comparable profit before taxes was €27.6 million, with a return on equity of 16.2%. The bank is investing heavily in risk management, facing total impairment losses of €75.8 million for the year. Karri Alameri will become CEO by April 2025.
October 28, 2024
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