Banks|The Central Criminal Police is conducting a preliminary investigation into securities market crimes related to Oma-säästöpankki.
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The chairman of the board of Oma Säästöpankki Oyj, Jarmo Salmi, is leaving his position.
Jaakko Ossa, professor of financial law at the University of Turku, will become the new chairman.
In April, the bank issued a profit warning, in which it was told about activities contrary to the guidelines.
The Central Criminal Police has started a preliminary investigation into securities market crimes related to the bank.
Oma-säästöbanken Chairman of the Board Jarmo Salmi is leaving his position, the company says in a press release. A professor of financial law at the University of Turku will become the new chairman Jaakko Ossa.
The banking company has recently been the subject of negative attention. Oma-saästöpankki gave in April result warning, in which it said that it had detected activity contrary to the instructions. As a result of the operation, the company’s credit risk position weakened substantially for certain customer groups.
Later in April the bank clarified that the activities contrary to the instructions were concentrated in about three percent of the bank’s six billion euro credit portfolio, i.e. about 180 million euro loan base.
The Central Criminal Police said at the beginning of May that he had started a preliminary investigation into securities market crimes related to Oma-säästöpankki. The Central Criminal Police received an investigation request from the Financial Supervisory Authority.
Jarmo Salmi refers to these ambiguities in the company’s announcement. According to him, Oma-säästöpankki “has been the subject of negative publicity in recent weeks”.
“The board is responsible for the company’s operations, and I, in the role of chairman, am responsible for the board’s operations. I think it is better for the company that the board can continue its activities under the leadership of the new chairman”, says Salmi in the press release.
Jaakko Ossa says in the press release that he takes the position of chairman seriously. The board will continue to implement the company’s current strategy.
Oma-säästöbanken the board also decided to establish an audit committee, the composition of which will be specified later.
Ossa told Helsingin Sanomat that the audit committee’s agenda and priority areas will be decided in more detail at the next meeting of the board.
Correction 23.5. at 20:58: The article incorrectly wrote about a credit portfolio of six million euros, when six billion was meant.
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