Sp Mortgage Bank Plc: The transaction regarding Oy Samlink Ab finalized

Sp Mortgage Bank Plc
Stock Exchange Release
1 April 2019 at 18.15

The transaction whereby Savings Banks Group sells its shareholding in its IT services provider Oy Samlink Ab to Cognizant Technology Solutions Finland Oy together with Aktia Bank Plc, Oma Savings Bank Plc, Handelsbanken, Posti Group Plc, POP Bank Group and other minority shareholders has been finalized. 

Upon the completion of the transaction the agreement whereby Savings Banks Group among other things renews its core banking system enters into force. The integrator for the new core banking system will be Cognizant.

The transaction and renewal of the core banking system together with their impacts on Savings Banks Group was announced on 23 January 2019.

Stock Exchange release 23^rd January 2019

Sp Mortgage Bank Plc

Further information:

Tomi Närhinen, Chairman of the Board of Directors

tomi.narhinen@saastopankki.fi

+358 40 724 3896

Sp Mortgage Bank is part of the Savings Banks Group and the Savings Banks Amalgamation. The role of Sp Mortgage Bank is, together with Central Bank of Savings Banks Finland Plc, to be responsible for obtaining funding for the Savings Banks Group from money and capital markets. Sp Mortgage Bank is responsible for the Savings Banks Group's mortgage-secured funding by issuing covered bonds.