Management

Finland’s longest-established banking group comprises 23 independent Savings Banks, the Savings Banks’ Union Coop as the central institution, Sp Mortgage Bank, Sp Fund Management Company, Sb Life Insurance, Savings Banks Services and Sp-Koti. Customers play a significant role in the administration and decision making of Savings Banks as the administration of Savings Bank consists of customer representatives.

Säästöpankin brändikuva.

Risk management and internal control

Risk management and internal control are part of daily operations at the Savings Banks Group, and each employee is responsible for them within their area of responsibility. Efficient risk management is based on open dialogue, asking questions and expressing different perspectives to support decision-making.

Management and leadership

The Savings Banks' Union Coop is the central institution of the Savings Banks Amalgamation. Its governance principles define the structure and functions of the Savings Banks Amalgamation and its principal parts, the functions and responsibilities of the main governing bodies and the internal controls and financial reporting.

Remuneration

Remuneration in the Savings Banks Group complies with EU and Finnish legislation and the guidelines issued by the Finnish Financial Supervisory Authority. The remuneration system for personnel and management is based on valid legislation, the regulations and recommendations governing the financial sector and the Finnish Corporate Governance Code.

Savings Banks’ Union Coop General Meeting

The General Meeting of the Savings Banks’ Union Coop is held annually before the end of May.