Comprehensive Overview of Oma Savings Bank's 2024 Reports
Insights into Oma Savings Bank Plc's Annual Report 2024
Oma Savings Bank Plc has unveiled its Annual Report for 2024, presenting a comprehensive snapshot of its financial and operational performance. The report is accessible in both Finnish and English, ensuring transparency and accessibility for all stakeholders.
Key Highlights of the Annual Report
The Annual Report includes the Report by the Board of Directors, along with the Financial Statements for the Group and Parent Company. Among the insightful contents is the Sustainability Report, crafted in alignment with the EU Corporate Sustainability Reporting Directive (CSRD) and following the European Sustainability Reporting Standards (ESRS). This approach confirms OmaSp’s commitment to responsible banking practices, which resonate well with its core values.
Role of KPMG Oy Ab
To further ensure the credibility of the Sustainability Report, KPMG Oy Ab undertook a limited assurance report, evaluating the consistency and reliability of the information presented within the report. This adds a layer of confidence for investors and stakeholders seeking to understand the bank’s sustainability initiatives.
Comprehensive Governance and Risk Management
In addition to the main reports, Oma Savings Bank has made available its Corporate Governance Statements and the Capital and Risk Management Report. Both documents outline the governance framework and risk management strategies that underlie the bank’s operations, reflecting its dedication to robust management practices.
Commitment to Accessibility
The Finnish version of the Board of Directors' Report and Financial Statements complies with the European Single Electronic Format (ESEF) reporting requirements as an XHTML file. This includes primary statements labeled with XBRL tags, which have been assured by the authorized public accountants KPMG Oy Ab. The aim is to enhance the accessibility and usability of financial information for stakeholders.
Digital Availability of Reports
All aforementioned documents are readily available via the Oma Savings Bank website, with emphasis on digital renditions to cater to the modern investor. With this commitment to transparency, the bank ensures that every report is easily accessible, promoting informed decision-making among its clientele.
Focus on Customer-Centric Banking
With over 500 professionals delivering services through 48 branch offices and various digital channels, OmaSp’s focus remains on providing personalized banking experiences to over 200,000 private and corporate clients. The bank emphasizes retail banking, offering an extensive array of services while also acting as an intermediary for partner products including credit, investment, and loan insurance.
Supporting Career Development
A notable aspect of Oma Savings Bank's operational ethos is its commitment to the career development of its personnel. The bank supports its employees with versatile tasks and continuous development opportunities, highlighting the importance of employee engagement in delivering exceptional customer service. A significant number of employees are also shareholders, which fosters a strong sense of ownership and responsibility towards the bank’s success.
Frequently Asked Questions
What is included in the Annual Report of Oma Savings Bank?
The Annual Report details the financial performance, the Report by the Board of Directors, and includes the Sustainability Report conforming to EU guidelines.
Who verified the Sustainability Report?
The audit firm KPMG Oy Ab provided a limited assurance report to verify the information in the Sustainability Report.
Where can I access the reports?
The reports can be accessed on the Oma Savings Bank's official website under the investor relations section.
What is the focus of OmaSp's banking operations?
OmaSp primarily focuses on retail banking, providing various banking services to both individuals and corporate clients.
How does OmaSp support its employees?
OmaSp promotes career development with diverse roles and encourages employee ownership, enhancing commitment and service delivery.
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