The structure of the Savings Banks Group

The structure of the Savings Banks Group

The Savings Banks Group comprises the Savings Banks Amalgamation and the companies and entities owned by the Savings Banks that are members of the Amalgamation. 

The Amalgamation comprises the central institution, the companies within the central institution’s consolidation group, the central institution’s member credit institutions, the companies within the member credit institutions’ consolidation groups and the credit institutions, financial institutions and service companies in which the aforementioned entities hold more than half of the voting rights combined. Savings Banks’ Union Coop acts as the central institution of the Amalgamation.