Skip to main content

Bonum Bank Plc: The Coronavirus Pandemic adds uncertainty to the financial results of Bonum Bank Plc and POP Bank Group

Written by Customer Service on . Posted in Public Companies.

Bonum Bank Plc
Inside Information
Stock Exchange Release 9 April 2020 at 10.15 The Coronavirus Pandemic adds uncertainty to the financial results of Bonum Bank Plc and POP Bank Group The worldwide crisis caused by the coronavirus pandemic has weakened the global economic outlooks. Uncertainty in the operational environment of Bonum Bank Plc has increased, especially with regards to the predictability of funding available in the capital markets and the future development of impairment of unsecured consumer loans. It is still too early to reliably estimate the overall effects. Previously Bonum Bank Plc has estimated a positive result for the entire financial year. Bonum Bank Plc will clarify the outlook for the second half of the financial year upon the release of the half-year financial report on 18 August 2020.Uncertainty has also increased concerning the 2020 result of the POP Bank Group. Market volatility is high and estimated to lower the net investment income. Effects of the pandemic may also decrease the interest and commission income and increase the impairment of loans. As the situation continues to evolve, it is difficult to reliably estimate the overall effects of the coronavirus pandemic to the result of POP Bank Group. The management of POP Bank Group has previously estimated that in 2020 the result of the Group will be weaker than in 2019.
Further information:CEO Pekka Lemettinen, POP Bank Alliance Coop
Tel: +358 40 5035 411, email: pekka.lemettinen@poppankki.fiCEO Pia Ali-Tolppa, Bonum Bank Plc
Tel: +358 50 303 1476, email: pia.ali-tolppa@poppankki.fi Distribution:
Nasdaq Helsinki
www.poppankki.fi

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.