The Savings Banks Group is the oldest banking group in Finland and consists of independent Savings Banks, the Savings Banks’ Union Coop, the Central Bank of Savings Banks, Sp Mortgage Bank, Sp Fund Management Company, Sb Life Insurance, Sp-Koti and Savings Bank Services.
Customers play an important role in the administration of Savings Banks. As Savings Bank board members, they steer and manage the bank’s operations, determine the bank’s direction, decide on the strategy and business objectives and select the bank’s CEO.
The key business segments of the Savings Banks Group are banking, asset management and life insurance as well as other operations, such as Sp-Koti’s real estate agency services and support functions. The Savings Banks’ own range of products and services covers all key banking services. It is complemented by other financial sector services and products provided in cooperation with partners that hold values similar to those of the Savings Banks Group.
The Savings Banks Group is a member of the European savings bank association ESBG. ESBG’s membership consists of 885 savings banks in 18 countries.