Core Viewpoint - Oma Savings Bank Plc has decided to discontinue the Internal Ratings-Based (IRB) application process and will not seek an IRB permit in the near future due to a re-evaluation of its loan portfolio and changes in capital requirements regulation [1][2][3]. Group 1: Decision on IRB Application - The Board of Directors announced the suspension of the IRB application process in November 2024 and has now decided to discontinue it entirely as of October 30, 2025 [1][2]. - The company will not seek to accumulate IRB use experience or submit an IRB application to the Finnish Financial Supervisory Authority (FSA) in the near future [2]. Group 2: Re-evaluation Factors - The re-evaluation considered the benefits of the IRB methodology in relation to the current loan portfolio, which has significantly changed since the project's inception [2]. - New capital requirements regulation effective from the beginning of 2025 has lowered the average risk weights used in the standard approach, reducing the potential capital relief from the IRB methodology [3]. Group 3: Financial Impact - The decision to close the IRB project will not have a significant financial impact on the company and will not affect its reported solvency position [3]. - The development work completed thus far has been fully utilized in the company's credit risk models and reporting [3]. Group 4: Company Overview - Oma Savings Bank Plc is a solvent and profitable Finnish bank, providing services through 48 branches and digital channels to over 200,000 customers [4]. - The bank focuses on retail banking operations and offers a comprehensive range of banking services, including credit, investment, and loan insurance products [4]. - The company emphasizes personal service and aims to provide a premium customer experience through both digital and traditional channels [5].