HLSE:OMASPBanks
Oma Säästöpankki (HLSE:OMASP) Stock Ignores Rising Credit Risk And Profit Decline
The market barely blinked at Oma Säästöpankki Oyj today. The stock sat at €16.90 after a flat week, even as the latest numbers pointed to a very different story under the surface. Comparable operating income for the first half came in at €102.2m and net interest income stood at €72.1m, while nonperforming exposures climbed to €548m, or 9.4% of loans.
Investors appear to be treating this as business as usual. The main focus, however, is the growing strain on Oma Säästöpankki Oyj’s balance...