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2016-08-29

Bonum Bank Plc: Bonum Bank Plc has published the Half-Year Report for 1 January - 30 June 2016

Bonum Bank's business has developed remarkably during the first half year
compared to the same period last year. Bonum Bank became a public limited
company in the spring. Bonum Bank published a EUR 750 million bond program in
May and issued its first three-year unsecured senior bond of EUR 100 million
in June according to the program. The bond is listed on the Helsinki Stock
Exchange. The wholesale funding enables a diversification of the fund raising
of the POP Bank Group and supports the Group's growth.

The credit rating agency S&P Global (S&P) granted Bonum Bank Plc a credit
rating of 'BBB' for long-term investment grade and a rating of 'A-2' for
short-term investment grade on 23 May 2016. The outlook is stable. The
granted rating reflects an assessment made based on the criteria used by S&P.
The assessment reviewed, for example, the business status of the POP Bank
Group, its financial performance, capital and liquidity buffers, risk
profiling and fundraising. The stable outlook reflects the strong capital
adequacy of the POP Bank Group, the business stability and predictability and
the increasing efficiency of the amalgamation.

Bonum Bank has been a shareholder in Visa Europe and provided Visa Europe's
card services to POP Bank customers. Visa Europe's board of directors agreed
to sell the company to Visa Inc. registered in USA during spring 2016. The
acquisition was finalized in June and Bonum Bank's sales profit from the
share was EUR 1.5 million. In connection to the trade finalization Bonum Bank
received Visa Inc. C-Series shares.

Bonum Bank's profit before taxes for the first half year amounted to EUR 1,336
thousand (loss for the equal period in 2015 was EUR 61 thousand). The first
half year is Bonum Bank's first period during which the bank has been
operating to the full extent according to the strategy. Most of the result
comes from interest and commission income on central credit institution
services provided for POP Banks and investment income mainly from the sale of
Visa Europe's equity. The Bank's cost-to-income ratio was 73.23% (90.98).

The bank's balance sheet was EUR 515,722 thousand at the end of the reporting
period (427,333). The total balance has increased due to the bond issuance in
June and loans to POP Banks.

Anders Dahlqvist, CEO

Bonum Bank Plc Half-Year Report 1.1.-30.6.2016

Further information:

Anders Dahlqvist, CEO

Bonum Pankki Plc

+358 (0)500 440 031

anders.dahlqvist@poppankki.fi

Bonum Bank - Half-Year Report 1.1-30.6.2016
http://hugin.info/172661/R/2037867/759381.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bonum Pankki Oyj via Globenewswire

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