Finland's OKO Bank in Helsinki is to implement the Misys Loan IQ system for management of its syndicated loan portfolio.

OKO, one of Finlands largest financial institutions is expected to have the system operational by October.

"OKO Bank is already acting in the role as agent and arranger for a number of syndicated loans for our corporate customers, and it is our strategy to expand our activities in this very attractive business area", says Markku Vehmas, Senior Vice President and Head of Corporate Services at OKO Bank. "We selected Misys Loan IQ because its extensive functionality and workflow management capabilities can help us to ensure a high level of quality and efficiency in the management of syndicated loans, whilst helping to reduce operational risks at the same time."

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