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Okobank Osuuspank. (09IA)

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Tuesday 03 October, 2000

Okobank Osuuspank.

Upgrade of Ratings

Okobank Osuuspankkien Keskuspankki
3 October 2000


MOODY'S UPGRADES OKOBANK'S RATINGS


Moody's Investors Service has upgraded the long term rating of OKOBANK
Osuuspankkien Keskuspankki Oyj from A1 to Aa3.  The financial strength rating
was upgraded from C to C+.

Moody's said its credit assessment of OKOBANK rests upon the financial solidity
and internal cohesion of the OKOBANK Group as a whole.  The Group has succeeded
in building a strong distribution capacity on the Internet in the highly
competitive Finnish market, Moody's says.

'Its Internet strategy appears forward looking and in line with market
developments.  OKOBANK's financial fundamentals are good and its earning power
is high.'

OKOBANK Osuuspankkien Keskuspankki Oyj

Markku Koponen
Assistant Director


DISTRIBUTION
Helskini Exchanges
Principal media

FURTHER INFORMATION
Mr Timo Ritakallio, Executive Director, tel. +358-9-404 4322
Mr Jorma Alanne, Assistant Director, tel. +_358-9-404 4450




           

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