Company Overview of Pohjola Bank plc
Pohjola Bank plc, a financial services company, provides banking, non-life insurance, and asset management services to private, corporate, and institutional customers in Finland and internationally. It operates in Banking, Non-Life Insurance, and Wealth Management segments. The company offers corporate banking services, including financing, payment transfer, cash management, and financing services for foreign trade; loans and guarantees; and leasing and factoring services. It also provides custody, equity, foreign exchange, money market, and derivative products to research and analysis services, as well as engages in the arrangement of debt issues. In addition, the company offers non-life in...
Teollisuuskatu 1 B
Founded in 1902
Key Executives for Pohjola Bank plc
Chief Executive Officer and President
President of Pohjola Asset Management Ltd
Executive Vice President of Banking
Head of Private and Corporate Customer Segment
Compensation as of Fiscal Year 2014.
Pohjola Bank plc Key Developments
Pohjola Bank plc Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 29 15
Pohjola Bank plc announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of €58 million against €64 million a year ago. Net interest income after impairments was €43 million against €59 million a year ago. Earnings before tax were €153 million against €153 million a year ago. Profit for the period attributable to owners of the parent was €128 million against €125 million a year ago. Net cash used in operating activities was €12 million against €3,364 million a year ago. Purchase of PPE and intangible assets was €7 million against €9 million a year ago. Return on equity was 15.3% against 16.6% a year ago. Return on investments at fair value was 2.6% against 1.4% a year ago. Earnings before tax at fair value were €259 million against €163 million a year ago.
Helsinki OP Bank Plc to Be Converted to A Cooperative Bank During 2016
Mar 19 15
The Supervisory Board of OP Financial Group's central cooperative has made a decision in principle whereby Helsinki OP Bank Plc will be converted from a limited liability company to a cooperative bank during 2016.
Pohjola Bank plc Reports Consolidated Earnings Results for the Full Year of 2014
Feb 26 15
Pohjola Bank plc reported consolidated earnings results for the full year of 2014. For the year, the company reported net interest income of EUR 257 million against EUR 230 million a year ago. Total income was EUR 1,116 million against EUR 1,008 million a year ago. Profit attributable to owners of the parent was EUR 461 million against EUR 426 million a year ago. Net cash from operating activities was EUR 719 million against net cash used in operating activities of EUR 5,680 million a year ago. Purchase of PPE and intangible assets was EUR 28 million against EUR 45 million a year ago. Return on equity was 14.3% against 14.4%. Return on assets was 1% against 1% a year ago. Equity per share was EUR 10.38 against EUR 9.54 a year ago.
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