Overview of Top Banks in Finland
Finland is a small country but despite its size and structure the country’s banking system is much advanced and most of the policies are in place performing the right kind of functions. There are around 17 banks operating in Finland at present. The bank of Finland is the central bank of the country and manages and regulates the economic and the money supply in the country. The central bank of Finland is responsible for implementing monetary policy, overseeing the financial stability of the country. It is also engaged in the issuance of banknotes and maintaining the stability of the financial and economic system in the country.
List of Banks in Finland
Here is the list of top 10 banks operating in Finland are 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 is operating in around 17 countries. The bank is public listed and is traded in the Copenhagen Stock Exchange. The bank is around 200 years old and is 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 group in Finland. The bank was founded in the year 2015 and has its headquarters in Vallila, Helsinki. The bank has revenue of around 4 bn Euro and total employee count is around 12,000.
3. Danske Bank
Danske Bank was founded in the year 1871 and has more than 19,000+ employees operating in 15 countries. The bank has headquartered in Copenhagen and is a public listed company. The bank is operating into Insurance, Mortgages, Asset Management, Business Banking, Personal Banking, Mobile Payments, and other financial product.
4. Evli Bank PLC
Evil Bank PLC was founded in 1985 and is publicly listed having 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 in 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 has an employee strength of 700 and is headquartered 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
Aktia Savings Bank is owned by the Finnish savings bank foundations. The bank has around 380,000 customers and 45 branches around Finland. The bank is a public listed venture and is headquartered 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. The bank was founded in 1803 and has around 600 employees working for it.
8. Alexander Corporate Finance Oy
Alexander Corporate Finance Oy bank was founded in the year 1988 and is a 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 as well. The bank is currently privately held in nature. The bank is also a merchant banker and takes part in Initial Public Offering Services.
9. BNP Paribas Fortis
BNP Paribas Fortis was founded in the year 1990. It has around a total of 37,000 employees. The bank has four business lines active 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 is a publicly listed company.
10. POP Bank Group
POP Bank Group was founded in the year 1997 and has around 700 employees working for the bank. The group consists of 26 cooperative banks. The bank offers retail banking services and online insurance. The bank is a public listed bank and is headquartered 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: