The Central Bank of Savings Banks as a company
Central Bank of Savings Banks Finland Plc is a Finnish deposit bank owned by Finnish Savings Banks. The main function of Central Bank of Savings Banks Plc is to act as the central credit institution for the Savings Banks Group. We also provide online invoicing services to large corporations. The Central Bank of Savings Banks employs approximately 20 banking professionals.
Our task is to ensure the Savings Banks Group’s liquidity and funding, raise funds and operate in the money and capital markets on behalf of the Group as well as manage settlements. We also ensure the balancing of the Group’s internal liquidity.
The tasks of the Central Bank
The primary task of the Central Bank of Savings Banks is to manage the central credit institution services of the Savings Banks. Central credit institution services include tasks associated with settling payments by the customers of the Savings Banks as well as tasks that support the refinancing of the Savings Banks Group’s member banks. The Central Bank of Savings Banks also supports the business operations of the Savings Banks by producing services related to interest subsidy loans and payment cards.
Board of Directors and organisational structure
The supreme decision-making body of Central Bank of Savings Banks Finland Plc is the General Meeting, which elects the company’s Board of Directors and auditor. The Central Bank of Savings Banks is managed by the Board of Directors and the CEO.
The Board of Directors of the Central Bank of Savings Banks
Tomi Närhinen (Chairman of the Board)
Hannu Syvänen (vice Chairman)
The management team of the Central Bank of Savings Banks
Kai Brander, acting CEO
Manu Kauppila, Head of Services, Cards
Taru Kruus, Head of ALM
Mervi Luurila, CFO, Clearing and Finance
Supervision by the authorities
The Central Bank of Savings Banks holds a deposit bank licence issued by the Finnish Financial Supervisory Authority. Our operations are supervised by the Finnish Financial Supervisory Authority.
Contact information for the Finnish Financial Supervisory Authority
Finnish Financial Supervisory Authority
PO Box 103
00101 Helsinki, Finland
+358 (0)10 831 51 (switchboard)