Oma Savings Bank, a savings bank, agreed to acquire SME enterprise operations in Finland from Handelsbanken, a bank providing banking services including traditional corporate transactions, for $1.4bn. “The transaction is a really positive thing for OmaSp. The bank's market position is considerably strengthened among SMEs in Finland. The growing business volumes further improve OmaSp's cost efficiency and business profitability and has a material impact on the annual profit-making ability. The transferring deposit base will strengthen OmaSp's liquidity position, and there is no separate financing need for the business arrangement. The business deal has no material effect on OmaSp's capital adequacy," Pasi Sydänlammi, Oma Savings CEO.