New board member

General meeting of OPR-Finance appointed Vice Judge Esa Alanko (LL.M. and M.Sci) as a new member of Board of Directors. Richard Rosenius continues as a Chairman and Jari Ruuska as a Member of Board.


Annual Report Q4 2019

OPR-Finance Group Annual Report Q4 2019 can be read from the link below.

OPR-Finance Annual Report Q4 2019

More reports can be found here.


OPR to significant partnership with Svea

Svea Ekonomi AB enters significant partnership with OPR-Finance Oy

OPR-Finance Oy significantly strengthens its cooperation with Svea Group. Co-founding owner of OPR-Finance Oy Jari Ruuska has acquired 50 % of the company’s voting right A-series shares with financing provided by Svea. Consequently, Mr. Ruuska now owns the A-series share class entirely.

In connection with the arrangement, Svea has become OPR’s main financer. Svea will have a possibility to participate in development and decision making of OPR through board seats.

“To my pleasure, years of co-operation with Svea has reached a new phase. As a significant and well-known operator in the financial industry, Svea’s financing will enable us to focus on the development of our core business. In addition, closer co-operation with Svea brings us more experience and diversity,” tells OPR’s CEO Jouni Selin.

”OPR has always been a well-managed and efficient company, with whom our way of operating is very similar. Our long-lasting co-operation with OPR has been fluent and we are excited to be able to participate in developing the company in different markets.” comments Svea’s CEO Lennart Ågren.

Due to the size of the parties’ operations, the arrangement between Svea and OPR contains details that requires the approval of the Swedish Competition Authority before they enter into force. The parties are expecting the handling of the matter to be completed in near future with a favourable decision by the Competition Authority. However, the arrangement is not conditional to the approval of the Competition Authority.

 

OPR-Finance Oy is a Finnish owned financing group founded in 2005. It offers diverse credit services to consumers and businesses. The company operates in five EU countries. Balance sheet total of OPR-Finance Group in 2018 was EUR 241 million.

Svea Ekonomi AB is a Swedish financing group founded in 1981. It serves companies and private individuals in over ten European countries. Balance sheet total of Svea Group in 2018 was SEK 20 billion.


Interim Report Q3 2019

OPR-Finance Group Interim Report Q3 2019 can be read from the link below.

OPR-Finance Interim Report Q3 2019

More reports can be found here.


Interim Report Q2 2019

OPR-Finance Group Interim Report Q2 2019 can be read from the link below.

OPR-Finance Interim Report Q2 2019

More reports can be found here.


Petteri Kleemola will move to the Board of Directors as a member

OPR-Finance Oy’s Chief Executive Officer Petteri Kleemola will move from his current position to the Board of Directors as a member since June 30, 2019.

“I want to thank Petteri for the long-term work for building the company during the last six years. I am pleased that we can continue our cooperation from the board also in the future”, comments the Chairman of the Board of OPR-Finance Richard Rosenius.

Jouni Selin (Head of IT, Legal, Compliance and Administration) will operate as an Acting CEO.


Interim Report Q1 2019

OPR-Finance Group Interim Report Q1 2019 can be read from the link below.

OPR-Finance Interim Report Q1 2019

More reports can be found here.


Finnish FSA gives a favourable interpretation on Tuottoa.fi shares - Financial Statements 2018 published

The Finnish Financial Supervisory Authority (FSA) gave on Friday 29 March its interpretation in a matter that from OPR-Finance’s point of view has been a question whether the Tuottoa.fi system requires a Credit Institution authorisation from the Company. According to the interpretation, the authorisation is required but it will apply only from 30 September 2019. The interpretation does not apply to shares issued prior to the date of application of the interpretation.

The decision is favourable to OPR-Finance. The Company does not have Credit Institution authorisation but all public shares have been issued prior to year 2018. The interpretation by the FSA does not require actions from Tuottoa.fi investors and it does not have any impact to the investments.

The Financial Statements for 2018 have been published and are available below. The document is only available in Finnish.

OPR-Finance Oy - Financial Statements 2018 (available only in Finnish)

 


Annual Report Q4 2018

OPR-Finance Group Annual Report Q4 2018 can be read from the link below.

OPR-Finance_Annual_Report_Q4_2018

More reports can be found here.


Interim Report Q3 2018

OPR-Finance group Interim Report Q3 2018 can be read from the link below.

OPR-Finance Group – Interim Report Q3 2018

More reports can be found here.