Eastern European Markets

March the 27th, 2013

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.
About Pohjola:
Pohjola Bank plc is a Finnish financial services group which provides its customers with banking, non-life insurance and asset management services. Our mission is to promote the sustainable prosperity, security and well-being of our customers. Profitable growth and an increase in company value form our key objectives. Pohjola Group serves corporate customers in Finland and abroad by providing an extensive range of financial, investment, cash- management and non-life insurance services. Non-life insurance and private banking services are offered to private customers. Pohjola Series A shares have been listed on the Large Cap List of the NASDAQ OMX Helsinki since 1989. The number of shareholders totals around 32,000. Pohjola's consolidated earnings before tax came to 374 million euros in 2012 and the balance sheet total amounted to 45 billion euros on 31 December 2012. Pohjola is part of OP-Pohjola Group, the leading financial services group in Finland with over four million customers.

For further information:
Reima Rytsölä, Senior Executive Vice President, Banking, Pohjola Bank plc
tel. +358 (0)10 252 4422,
Jorma Alanne, Executive Vice President, Baltic Banking, Pohjola Bank plc,
tel. +358 (0)10 252 4450,

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