Inside information, negative profit warning - Oma Savings Bank Plc lowers its earnings guidance for 2025

Core Viewpoint - Oma Savings Bank Plc has lowered its earnings guidance for 2025 due to high cost levels, increased credit loss provisions, and slower-than-expected growth in fee and commission income [1][3][6] Financial Outlook - The estimated comparable profit before taxes for 2025 is projected to be between EUR 50-65 million, a decrease from EUR 86.7 million in 2024 [1][3][6] - The company's earnings guidance reflects the current market conditions and business situation, with management's insights influencing the forecasts [3][5] Cost Factors - High costs are attributed to investments in risk management, quality processes, IT improvements, and increased headcount [1][2][4] - The decline in market interest rates is also impacting the business outlook for 2025 [2][4] Business Strategy - OmaSp continues to invest in enhancing customer experience across various channels [2][4] - The bank focuses on retail banking operations and offers a wide range of banking services, including credit, investment, and loan insurance products [8] Operational Insights - OmaSp operates 48 branch offices and provides services to over 200,000 customers, emphasizing personal service and accessibility [8][9] - The company aims to develop operations and services in a customer-oriented manner, with a committed workforce that includes employee shareholders [9]