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 2015.
Pohjola Bank plc Key Developments
Pohjola Group Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2015
Aug 5 15
Pohjola Group reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of EUR 51 million compared to EUR 67 million a year ago. Total income was EUR 308 million against EUR 294 million a year ago. Earnings before tax were EUR 195 million against EUR 170 million a year ago. Results of continuing operations were EUR 159 million against EUR 140 million a year ago. Profit for the period attributable to owners of the parent was EUR 164 million against EUR 146 million a year ago.
For the six months, the company reported net interest income of EUR 109 million compared to EUR 131 million a year ago. Total income was EUR 581 million against EUR 575 million a year ago. Earnings before tax were EUR 348 million against EUR 324 million a year ago. Results of continuing operations were EUR 283 million against EUR 262 million a year ago. Profit for the period attributable to owners of the parent was EUR 291 million against EUR 268 million a year ago. Net cash outflow operating activities was EUR 720 million compared to EUR 806 million a year ago. Increases in held-to-maturity financial assets amounted to EUR 20 million. Purchase of PPE and intangible assets amounted to EUR 16 million compared to EUR 16 million a year ago.
Consolidated earnings from continuing operations before tax in 2015 are expected to be at the same level as or higher than in 2014, unchanged from the previous guidance.
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.
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