Press release, 30 November 2011
Pohjola Bank plc has been chosen as the primary intermediary of the Finnish state's payment transfers, having been acting as a secondary intermediary until now. The competitive bidding process organised by the State Treasury was completed today.
The competitive bidding included all services related to the transfer of payments and invoices, paying particular attention to service quality. Some new elements were added, such as electronic contract management and introduction of an online invoicing portal.
- This is a welcome acknowledgement that OP-Pohjola Group's services are comprehensive enough to meet the needs of the biggest of customers, says Anne-Mari Tyrkkö, Senior Vice President at OP-Pohjola Group.
The previous contracts were made for four years, but this one is for seven years with an option to extend it by 12 months. The new contract period begins on 1 December 2012.
For more information, please contact: Senior Vice President Anne-Mari Tyrkkö, tel. +358 (0)10 252 3355
OP-Pohjola Group is Finland's leading financial services group providing a unique range of banking, investment and insurance services. The Group has the mission of promoting the sustainable prosperity, well-being and security of its owner-members, customers and operating regions through its local presence. Its objective is to offer the best and most versatile package of loyal customer benefits on the market. OP-Pohjola Group consists of some 200 member cooperative banks and the Group's central institution, OP-Pohjola Group Central Cooperative, with its subsidiaries and closely-related companies, the largest of which is the listed company Pohjola Bank plc. With a staff of more than 12,000, OP-Pohjola Group posted consolidated earnings of 575 million euros before tax in 2010 and had total assets of 84 billion euros on 31 December 2010. The group has over four million customers.
www. op.fi