Savings Banks’ Union Coop
The Savings Banks'
Union is the central institution of the Savings Banks. It steers the operations
of the Group and is responsible for the internal control framework.
The Savings Banks' Union produces joint support services for the Savings Banks and the Group’s product and service companies. The centralised services focus on the management, steering, development and support service production of the Group as well as data administration. These functions are centralised in order to ensure a proper input-output ratio in terms of service competence and effectiveness and risk management. Moreover, the treasury and mortgage credit bank operations are included in the operations of the central institution because they constitute centralised support services and have only been organised in a different company for the sake of expediency.