Pohjola to open a branch office for corporate customers in Vilnius - services available in all Baltic countries
As the Lithuanian branch office is opened, Pohjola now provides corporate customer services in all of the Baltic countries. Corporate customer services in the Baltic countries consist of payment and liquidity management and working capital, leasing and investment financing. Comprehensive non-life insurance services are offered through Seesam subsidiary.
"One of our key objectives in our new strategy is to increase our market position profitably in the Baltic countries. Our operations in Estonia and Latvia have got off to a good start despite the difficult market situation. We have positive expectations about the economic development in Lithuania. We are targeting our services in Lithuania at our existing Finnish customers and large local companies," says Reima Rytsölä, Senior Executive Vice President, Banking.
"The primary objective of international business development is to secure competitive services for OP-Pohjola Group customers and support the corporate image as a full-blown financial services provider. We build our customer relationships on a long-term basis based on in-depth knowledge of customer needs and their business, and close interaction," he continues.
Enabled by the new branch office, Pohjola and OP-Pohjola Group member cooperative banks can provide their corporate customers in Lithuania with payment and cash management services.
Pohjola has been operating in the Baltic region for some two decades through its non-life insurance subsidiary Seesam. Pohjola has run finance-company business in the Baltic countries since 2008. Our service range has included extensive finance lease services. In the summer of 2011, Pohjola opened a corporate branch office in Tallinn, Estonia, and in the autumn of 2012 in Riga, Latvia.
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