OP-Pohjola Group to Adopt IRBA for Capital Adequacy Determination

PRESS RELEASE
19 October 2011, 10.00 am

OP-Pohjola Group has received permission from the Finnish Financial Supervisory Authority to adopt the Internal Ratings-based Approach (IRBA) to credit risk in capital adequacy measurement as of 31 December 2011, applying to exposure amounts involving OP-Pohjola Group's retail, corporate and credit institution customers. The previous permission to use IRBA applied to Pohjola Bank plc's corporate and institutional exposures.

The adoption of IRBA for credit risk is expected to lower the minimum capital requirement. More detailed information on the effects of this adoption on OP-Pohjola Group's capital adequacy position will be available from the Interim Report on 2 November 2011.

For further information, please contact: Harri Luhtala, CFO, tel. +358 (0)10 252 2433