• Sat. Mar 2nd, 2024

Oma Sp’s Focus on Customer Service and Strong Financials, Despite Falling Short of Expectations

ByEditor

Feb 12, 2024
Oma Säästöpankki’s Successful Journey Continues: Bank’s Valuation Remains Affordable

Oma Sp has been a top performer in the domestic banking sector for years, with a focus on retail banking and strong customer service. In the last quarter, the bank made an excellent result but fell short of analyst expectations. Despite this, Oma Sp’s return on equity rose to 21.5 percent and remains above 25 percent for the year. The bank’s balance sheet will be strengthened by a commercial bank purchase of SME operations in the second half of the current year.

One of Oma Sp’s key strengths is its high-quality customer service, which is considered essential for long-term success in the banking industry. However, the bank’s heavy reliance on market-based fundraising may affect its valuation compared to domestic peers. Additionally, possible decreases in interest rates and increased competition from other banks are potential risks that could impact Oma Sp’s growth trajectory in the future.

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