Updated July 29, 2023
Overview of Top Banks in Finland
Finland is a small country, but despite its size and structure, its banking system is much more advanced, and most policies perform the right functions. Around 17 banks are operating in Finland at present. The Bank of Finland is the country’s central bank and manages and regulates the country’s economic and money supply. The central bank of Finland is responsible for implementing monetary policy and overseeing the country’s financial stability. Additionally, it actively issues banknotes and maintains the stability of the financial and economic system in the country.
List of Banks in Finland
Here is the list of the top 10 banks operating in Finland as follows:
1. Nordea Bank
Nordea Bank provides the largest financial services in the Nordic region and is one of the largest bank operating in the European Region. The bank operates in around 17 countries. The bank is publicly listed on the Copenhagen Stock Exchange and trades actively. The bank is around 200 years old, with around 10,000+ employees working for it. The bank provides services like Personal Banking, Wealth Management, Investment Banking, and Private Banking.
2. OP Corporate Bank PLC
The bank has large operations and is one of the largest financial groups in Finland. The bank was founded in 2015 and has headquarters in Vallila, Helsinki. The bank has revenue of around 4 bn Euro, and the total employee count is around 12,000.
3. Danske Bank
Danske Bank was founded in 1871 and has more than 19,000+ employees operating in 15 countries. The bank has headquartered in Copenhagen and is a publicly listed company. The bank operates in Insurance, Mortgages, Asset Management, Business Banking, Personal Banking, Mobile Payments, and other financial product.
4. Evli Bank PLC
The founders established Evil Bank PLC in 1985, and it is currently publicly listed, employing a workforce of around 300+ employees. The bank is majorly into investment management and has high net-worth individual clients. In addition to Finland, it provides services in Sweden, the Russian Federation, and the United Arab Emirates. The bank also offers brokerage services and focuses on the European and Nordic region
5. Bank of Aland
Bank of Aland was established in the year 1919 and is operating as a commercial bank through its 13 branches. The bank maintains an employee strength of 700 and has its headquarters in Mariehamn, Aland Islands. The bank provides home and commercial loans and debentures. The bank has also ventured into debit and credit cards facility
6. Aktia Savings Bank
Finnish savings bank foundations own Aktia Savings Bank. The bank has around 380,000 customers and 45 branches around Finland. The bank operates as a publicly listed venture with its headquarters in Helsinki, Finland. The bank has almost 1,000+ employees working for it.
7. Carnegie Investment Bank AB
Carnegie Investment Bank AB is a Swedish financial services group and is into securities brokerage, investment banking, asset management, and private banking. Bank was founded in 1803, and it had around 600 employees.
8. Alexander Corporate Finance Oy
Alexander Corporate Finance Oy bank was founded in 1988 and is part of Alexander Group. The bank offers transaction advisory and capital market services like Debt syndication, Merger and Acquisition advisory, valuation services, and other financial products. Currently, the bank operates as a privately held institution. The bank is also a merchant banker and participates in Initial Public Offering Services.
9. BNP Paribas Fortis
BNP Paribas Fortis was founded in the year 1990. It has a total of 37,000 employees. The bank has four active business lines and deals in only those activities in Finland, i.e., Corporate & financial advisory, Investment Banking, Investment Solutions, Retail, and Private Banking. The bank globally has more than 80 offices in major countries. The bank operates as a publicly listed company.
10. POP Bank Group
The founders established POP Bank Group in 1997, employing around 700 people. The group consists of 26 cooperative banks. The bank offers retail banking services and online insurance. The bank publicly lists itself and has its headquarters in Stockholm.
This has been a guide to Banks in Finland. Here we have discussed the 10 topmost banks in Finland with their financial structure. You may also look at the following articles to learn more: