Savings bank

Merger negotiations between Oma Savings Bank Plc and Liedon


Oma SSavings Bank Plc merger negotiations with Liedon Savings Bank are prothiseding – estimated positive annual impact on profit 15-20 million euros

In May 2022, Oma Savings Bank Plc (OmaSp) initiated negotiations to merge the banking activities of Liedon Savings Bank into its business. Negotiations have progressed and the alternating currentrequisition to plan of the merger has been approved by the Badvices of the two banks. On June 17, 2022, the acquisition the plan will be deposit for registration in the commercial register. The goal is to implement the merger on November 30, 2022.

The acquisition of the business will have a significant positive impact on OmaSp’s annual profitability. It is estimated that OmaSp’s pre-tax profit will increase by around 15 to 20 million euros per year in the coming years. In the longer term, activities in the Turku Economic Zone are expected to significantly increase OmaSp’s profits.

The merger will increase OmaSp’s balance sheet by around 1.4 billion euros. The agreement will significantly strengthen OmaSp’s market position and service network in the Turku economic zone and throughout southwestern Finland. OmaSp’s number of retail and business customers will increase to over 200,000 after the merger. The growing volumes will further improve OmaSp’s profitability and business profitability.

The acquisition of the business is expected to be completed through a directed share issue to Liedon Savings Bank, in which it will receive 3,125,049 shares of Oma Savings Bank Plc. The additional purchase price will be paid in cash based on the trading results of Liedon Savings Bank customers for the period from May 1 to November 30, 2022.

Following the transfer of the banking activity, Liedon Savings Bank will become a regional savings bank foundation. The assets of the Foundation will consist of claims payable and non-banking assets of Liedon Savings Bank. When the foundation starts its activities, its total assets are estimated at around 160 million euros.

Oma Savings Bank Plc

Further information:
Pasi Sydänlammi, CEO, tel. +358 45 657 5506,
Minna Sillanpää, CCO, tel. +358 50 665 92,

Nasdaq Helsinki Ltd
Main media

OmaSp is a growing Finnish bank and Finland’s largest savings bank by total assets. About 330 professionals provide services nationwide through OmaSp’s 35 branches and digital service channels to more than 150,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and offers its customers a wide range of banking services both through its own balance sheet and by acting as an intermediary for its partners’ products. Intermediated products include credit insurance, investment and loan products. OmaSp is also engaged in mortgage banking.

The central idea of ​​OmaSp is to provide personalized service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to provide a high level customer experience through personalized service and easy accessibility. In addition, the development of operations and services is customer-oriented. Staff are engaged and OmaSp seeks to support their career development with cross-functional tasks and continuous development. A substantial part of the staff also owns OmaSp shares.

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