Information about the savings banks group
The Savings Banks Group has been part of Finnish society since 1823. Today, the Savings Banks have nearly half a million customers and some 150 branches throughout Finland. The Group employs nearly 1,300 people.
The motivation behind our operations is to promote the well-being of the individual and the community. The basic ideology of the Savings Banks, i.e. the promotion of frugality, is stated in the Savings Bank Act. We are a financial coach: we understand the consumer’s financial situation, offer solutions and expertise for handling everyday finances and for managed prosperity.
Customers play an important role in the administration of Savings Banks. As Savings Bank board members, they steer and manage the bank’s operations, determine the bank’s direction, decide on the strategy and business objectives and select the bank’s CEO.
The Savings Banks Group comprises 23 independent Savings Banks, the Savings Banks’ Union Coop, the Central Bank of Savings Banks, Sp Mortgage Bank, Sp Fund Management Company, Sb Life Insurance, Sp-Koti and Savings Banks Services.
The key business segments of the Savings Banks Group are banking, asset management and life insurance as well as other operations, such as Sp-Koti’s real estate agency services and support functions. The Savings Banks’ own range of products and services covers all key banking services. It is complemented by other financial sector services and products provided in cooperation with partners.
The customer promise “The Savings Bank is always there to help” summarises the foundation for all of our operations. In a brand valuation study by Markkinointi&Mainonta magazine and Taloustutkimus Oy in 2016, the Savings Banks brand rose to be the third most valued bank. In the Banking and Finance 2016 survey by EPSI Rating, our private customers awarded the Savings Banks Group a score of 81.6, which is the second-highest score among Finnish banks. The same survey indicated that we are the third most innovative bank in Finland.
The Savings Banks Group is a member of the European Savings and Retail Banking Group (ESBG). ESBG’s members comprise 887 savings banks in 21 countries.