BRIEF-Pohjola Bank specifies cost-cutting targets

HELSINKI Wed Nov 21, 2012 4:04am EST

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HELSINKI Nov 21 (Reuters) - Pohjola Pankki Oyj : * Pohjola bank plc : Pohjola Capital markets day: Pohjola to present its

further specified cost-cutting targets and capital strategy * Says expects to achieve an estimated 50% of the total annual cost savings of

50 million euros in 2013 * Says solvency capital requirement for non-life insurance under solvency II

would have amounted to 674 million euros based on underwriting and investment

risks on end-September (Reporting by Helsinki Newsroom)

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