Top List of Banks in Finland
The Finnish banking system is much like the European banking system, with a small group of banks controlling most of the assets. As in many other countries, the big banks offer a wide range of services and products, checking and savings accounts, loans, credit cards, investment options, and more. The main difference from the U.S. is that most financial transactions are handled through debit cards instead of credit cards.
If you're considering opening a bank account in Finland, it's essential to understand how their banking system works, what kind of fees they charge, and what each Bank offers in terms of interest rates, products, and services. In this outline, we have analyzed for you some of the best banks; the following is a list:
Aktia Savings Bank
Aktia Bank Plc is a Finnish banking group offering retail and corporate banking services to private and corporate customers in Finland. The Company was formed in 2016 from the merger of two savings banks, Sp-Banken and Aktia, both with roots in the 19th century.
Aktia offers a wide range of retail banking products, including mortgages and loans, deposits, payment cards, and insurance. Aktia has a strong presence on the Finnish coast. As of December 2016, it had 47 branches. As of 2020, the Bank had an asset
totaling $9,096.3 billion, and it also had employees summing up to 926 by 2020.
BNP Paribas Fortis
BNP Paribas Fortis is one of the largest banking groups in Finland, with significant operations in the retail and corporate banking sectors. BNP Paribas Fortis is owned by the French BNP Paribas Group, the largest bank in France. BNP Paribas is listed on the Paris stock exchange and has 65 countries with over 200,900 employees. Total assets as of 2020 were more than 335 billion euros. BNP Paribas is a major financial services player in the Nordic countries, offering a complete range of services to businesses, financial institutions, public sector entities, retail clients, individuals, small and medium-sized companies, and prominent local and multinational corporations.
Nordea Bank Finland PLC
Nordea Bank Finland PLC is a Finnish bank. Its headquarters are located in Helsinki, and the Bank has 600 branches. The Bank results from the successive mergers and acquisitions of the Finnish, Danish, Norwegian and Swedish banks of Merita Bank, Unibank, Kreditkassen, and Nordbanken between 1997 and 2000. Nordea offers financial services to around 5 million customers across the Nordic region, including Internet banking (Nets) and telephone banking (Teller). The Bank is also present in several other countries worldwide, including Luxembourg and New York. Nordea is listed on the Copenhagen Stock Exchange, Helsinki Stock Exchange, and Stockholm Stock Exchange.
In 2016 Nordea had a total income of €7 billion and total assets of over €554.848 billion. As of the same year, 2016, it also had 29,000 employees across its branches.
OP Corporate Bank PLC
Corporate Bank in Finland (OP Corporate Bank PLC) is a Finnish bank that specializes in serving large corporate and institutional clients. As of December 31 December 31, 2020, the Group had total assets of 726.04 mln EUR, loans of -771.59 mln EUR, and employed 26 people. Bank OP Corporate Bank Plc provides banking services. The Company offers corporate and trade finance, asset and liability management, capital markets, project finance, securities brokerage, leasing, and other services. The Bank also provides investment banking services to its customers, such as brokerage, asset management, market-making, and research.
Danske Bank
Danske Bank was established in Finland in 1999 and had been operating here for over 20 years. The Bank has about 250 branches, 2.7 million personal customers, and 19,500 employees.
Danske Bank Group's operations center around providing a wide range of banking services to retail and corporate customers and private banking services to affluent customers in Finland. In addition to its banking services, Danske Bank offers fund management and asset management services through Danske Capital as the Bank had total assets totaling $629,534 million makings, it to e one of the most reliable banks in Finland.
Bank of Åland
Bank of Åland is a Finnish financial institution. Bank of Åland has 30 branch offices in Finland, Sweden, and Malta. The Bank was established in 1883 as a private savings bank, and it has been a public limited company since 1989. In 1976 it bought the then state-owned People's Bank. The Bank had total assets of EUR 5,708 M as of June 30, 2020. As of June 30 June 30, 2020, the Bank had 700+ (2009) employees. Alandia Bank offers a full range of banking services to private customers, businesses, and the public sector on Åland. In addition, the Bank provides specialist services to shipping companies and shipowners worldwide, including ship financing, insurance, and risk management.
POP Bank Group
POP Bank Group in Finland is one of the largest financial groups in Finland. The Group has branches estimated to be 80 as of 2020 and employs about 750 people. The Bank was founded in 1887, and its headquarters is located in Turku, Finland. POP Bank group is the second biggest Bank in terms of market share. The Bank's assets are estimated to be around 5 billion EUR at the end of 2019 (according to the Bank's official website).
The Bank provides banking services to private individuals: current accounts and cards, savings products, online banking, and account packages. POP Bank also provides bill payment services and other money transfer services and financing solutions that include mortgages and consumer credit. Our customers can receive advisory services also at our branches.
Evli Bank PLC
Evli Bank PLC is a Finnish-based banking group specialized in asset management and capital markets. The Bank provides services for both private and institutional customers. As of 2021, Evli Bank operates through its head office located in Helsinki, Finland, and a network of several branches/offices located across the country. The Bank also has representative offices in Denmark, Sweden, and Russia and a branch office in Luxembourg. In 2018 its total assets were 1,00 mln SEK,
Evli was founded in 1985 and is headquartered in Helsinki, Finland. The Bank also offers its private customers and institutional clients investment services, asset management, and financing. At the end of 2021, the Bank had 290 employees.
Carnegie Investment Bank AB
Carnegie Investment Bank AB is a Swedish investment bank with headquarters in Stockholm. The Bank is part of the Nordic financial services group, Carnegie Holding. The Bank has around 600 employees in Sweden, Finland, Norway, Denmark, and Luxembourg. As of 2Q 2019, the Bank had total assets under management (AUM) that amounted to SEK 166 billion. The Bank is engaged in providing investment management, investment banking, corporate banking, and other financial services. Its core markets are the Nordic region and Germany.
Alexander Corporate Finance Oy
Alexander Corporate Finance Oy (Alexander) is a Finnish investment bank and corporate finance house, part of the S-Group. The Company was founded in 1997 and was formerly known as Alexander Corporate Financial Services Oy. It operates as an investment banking firm for small and medium-sized companies, providing financial services in asset management, employee ownership plans, private banking, and other related services. Total assets (AuM) on June 30, 2021, amounted to EUR 15.6 billion, and it had employed approximately 900 people as of 2021.
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FAQs
Q.What is the giant Bank in Finland?
A.Nordea is the largest Bank in Finland, with around 10 million customers. The Bank is present in more than 19 countries and has 600 branches across the Nordic region. Nordea offers personal banking, corporate banking, asset management, and insurance services under its retail and private banking branches.
