Central Bank of Savings Banks Finland Plc: The ransaction regarding Oy Samlink Ab finalized

Central Bank of Savings Banks 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 23rd January 2019

Central Bank of Savings Banks Plc

Further information:

Tomi Närhinen, Chairman of the Board of Directors
+358 40 724 3896

Central Bank of Savings Banks Finland Plc belongs to the Savings Banks Amalgamation and Savings Banks Group and acts as Group's central credit institution. Central Bank of Savings Banks Finland Plc's role is to ensure liquidity and wholesale funding of the Savings Banks Group via operating in the money and capital markets, to operate payment transfers and issuance of payment cards.

Stock exchange
Central Bank of Savings Bank