Ferratum Oyj: Decision of the Malta Financial Services Authority to impose an Administrative
Penalty on Ferratum Bank p.l.c.

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DGAP-News: Ferratum Oyj / Schlagwort(e): Sonstiges
Ferratum Oyj: Decision of the Malta Financial Services Authority to impose
an Administrative Penalty on Ferratum Bank p.l.c.

04.04.2018 / 08:00
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.

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Decision of the Malta Financial Services Authority to impose an
Administrative Penalty on Ferratum Bank p.l.c.

Helsinki, 4 April 2018 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS)
("Ferratum" or the "Group") announces that Ferratum Bank p.l.c., the Maltese
banking subsidiary of Ferratum Oyj, has received a notification from the
Malta Financial Services Authority ("MFSA") of a decision to impose an
administrative penalty of EUR 188,445 for breaching the provisions of
Article 17B. (1) and (2) of the Banking Act (Cap. 371 of the Laws of Malta),
and the technical criteria on Governance Arrangements and Treatment of Risks
specified in paragraphs 1(a)(i), 5(a), 8(a), 14(a), 14(b) and 15(a) of Annex
2B of Banking Rule 12 on The Supervisory Review Process Of Credit
Institutions Authorised Under The Banking Act.

The decision concerns certain shortcomings relating to internal governance
and treatment of risk that were identified by the MFSA in July and August
2016, as part of the MFSA's Supervisory Examination Programme for Less
Significant Institutions. The aim of the MFSA was to assess the risks that
emanate from Ferratum Bank p.l.c.'s operations and the procedures adopted to
control those risks.

Ferratum Bank p.l.c. has been in active dialogue with the MFSA since the
time of the findings. None of the findings required any changes to the
financial statements or risk provisions of Ferratum Bank p.l.c., and the
MFSA's review has not resulted in any losses for third parties.

The Group regrets that the MFSA has determined to impose an administrative
penalty and will continue to cooperate fully with the MFSA.

About Ferratum Group:

Ferratum Group is an international provider of mobile banking and digital
consumer and small business loans, distributed and managed by mobile
devices. Founded in 2005 and headquartered in Helsinki, Finland, Ferratum
has expanded rapidly to operate in 25 countries across Europe, Africa, South
and North America and the Asia-Pacific region.

As a pioneer in digital and mobile financial services technology, Ferratum
is at the forefront of the digital banking revolution. Ferratum's mobile
bank, launched in 2016, is an innovative mobile banking platform offering a
range of banking services, including real time digital payments and
transfers, within a single app. It is currently available in five European
markets. Led by its founder, Jorma Jokela, Ferratum has approximately 1.9
million active and former customers who have an account or have been granted
one or more loans in the past (as at 31 December 2017), of which over
780,000 customers have an open Mobile Bank account or an active loan balance
in the last 12 months.

Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange
under symbol 'FRU.' For more information, visit www.ferratumgroup.com.

Contacts:

     Ferratum Group
     Jussi Mekkonen
     CEO Ferratum Bank p.l.c.
     T: +358 50 368 7029
     E: jussi.mekkonen@ferratumbank.com



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04.04.2018 Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch DGAP - ein Service der EQS Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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Corporate News/Finanznachrichten und Pressemitteilungen.
Medienarchiv unter http://www.dgap.de

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   Sprache:        Deutsch
   Unternehmen:    Ferratum Oyj
                   Ratamestarinkatu 11 A
                   00520 Helsinki
                   Finnland
   Internet:       https://www.ferratumgroup.com
   ISIN:           FI4000106299
   WKN:            A1W9NS
   Börsen:         Regulierter Markt in Frankfurt (Prime Standard);
                   Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
                   München, Stuttgart, Tradegate Exchange



   Ende der Mitteilung    DGAP News-Service
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