OP-prime down to 0.35 per cent OP Financial Gro

OP Financial Group will cut its OP-prime rate from 0.45% to 0.35%, effective as of 27 December 2016. The rate reduction is based on lower market interest rates.

The OP-prime rate is a reference interest rate which is used to regulate OP Financial Group's borrowing and lending rates. The OP-prime rate was last changed in February 2016.

FOR MORE INFORMATION, PLEASE CONTACT: Reijo Heiskanen, Chief Economist, tel. 010 252 8354

OP Financial Group is Finland's largest financial services group whose mission is to create sustainable prosperity, security and wellbeing for its owner-customers and in its operating region by means of its strong capital base and efficiency. OP Financial Group consists of about 180 member cooperative banks, its central cooperative OP Cooperative, and the latter's subsidiaries and affiliates. The Group has a staff of 12,000 and 1.7 million owner-customers and 4.3 million customers. www.op.fi