Säästöpankki Sinetti (formerly Erajarven Saastopankki)

Contacts 
    Address  35300, Finland, ORIVESI, Keskustie 35
Bank Identifiers 
    MFI ID  FI01978481
Bank Category  Savings banks
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Financial Positions 
    Total Assets (2014)  214.26 mln EUR ↑ (+6.31%)
    Total Equity (2014)  18.50 mln EUR ↑ (+42.25%)
Profit and Loss 
    Operating Income (2014)  1.04 mln EUR

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID  FI01978481

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.


Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Finland are obliged to participate in Finnish deposit guarantee scheme.

In the case of Säästöpankki Sinetti failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information: Deposit Guarantee Scheme in Finland

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Financial Positions

In 2014 total assets of Säästöpankki Sinetti were 214.26 mln EUR. Growth compared to the previous period (2013) was 6.31%. The evolution of the total assets of Säästöpankki Sinetti is shown at Chart 1 below.

Total Assets of Säästöpankki Sinetti.
Chart 1. Total Assets of Säästöpankki Sinetti.

Recent changes in total assets of Säästöpankki Sinetti and its main components are shown in Table 1.

2013 2014 % Change
Loans to banks 2.4
Claims to banks 5.1
Bonds and other fixed-income securities 2.8 8.4 +203.66% ↑
Cash and deposits with Central Banks 1.1 4.6 +317.74% ↑
Loans to customers 174.2
Claims to customers 169.2
Total Assets 201.5 214.3 +6.31% ↑
Table 1. Recent changes in total assets of Säästöpankki Sinetti (mln EUR).

Recent changes in total liabilities of Säästöpankki Sinetti and its main components are shown in Table 2.

2013 2014 % Change
Bank deposits 9.2
Debt securities 0.0 1.0
Amount owed to banks 1.6
Customer deposits 174.9
Amount owed to customers 175.7
Total Liabilities 201.5 214.3 +6.31% ↑
Table 2. Recent changes in total liabilities of Säästöpankki Sinetti (mln EUR).

Profit and Loss

Recent changes in gross profit of Säästöpankki Sinetti and its main components are shown in Table 3.

2013 2014 % Change
Net Interest Income 1.8 3.1 +68.31% ↑
Net Commission Income 1.1 1.4 +23.81% ↑
Commission Charges -0.2
Commission Income 1.6
Table 3. Recent changes in gross profit of Säästöpankki Sinetti (mln EUR).

Related Information on Finland

Economy and Banking Sector of Finland

List of Banks in Finland

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