Created by Anna Mileiko 
Suomen Hypoteekkiyhdistys (Hypo) is a Finnish credit institution,specialized in housing finance. Suomen Hypoteekkiyhdistysprovides mortgage and consumer loans for all stages of owning a real estate propertyincluding purchasing and renovating. Suomen Hypoteekkiyhdistys also offersdeposit accounts and credit cards.
In 2024, Suomen Hypoteekkiyhdistys achieved the position of 23rd largest bank in Finland with a market share of 0.31%; its total assets dropped by 14.99%.
Additionally, the bank became the 1st bank in relation to its loans-to-deposits (L/D) showcasing 14,477.24% L/D ratio in 2024.
Deposits up to 100,000 EUR are covered by Finnish deposit guarantee scheme in Suomen Hypoteekkiyhdistys.
Suomen Hypoteekkiyhdistys ranks as the 23rd largest bank in Finland by total assets. In 2024 its total assets were 3,096.25 mln EUR, representing a 0.31% market share. In 2024 the bank's operating income was 2.33 mln EUR.
Deposit Guarantee Fund (RVV)Suomen Hypoteekkiyhdistys protects deposits up to up to 100,000 EUR per depositor through Finland's deposit guarantee scheme. The scheme applies to deposit products offered by deposit banks made by natural persons (Finnish and foreign), legal entities (Finnish and foreign). The bank participates in the Deposit Guarantee Fund (RVV), making regular contributions into it.
YRJÖNKATU 9 A, 120, HELSINKI, Finland
PL 509
(09) 228 361
(09) 647 443Suomen Hypoteekkiyhdistys is headquartered in HELSINKI.
Suomen Hypoteekkiyhdistys has profiles at the following social networks:
Suomen Hypoteekkiyhdistys provides services in the area of retail banking. Suomen Hypoteekkiyhdistys offers a range of products including deposit accounts, credit cards, consumer loans, mortgage loans.
In 2024 total assets of Suomen Hypoteekkiyhdistys were 3,096.25 mln EUR. Decline compared to the previous period (2023) was -14.99%. The evolution of the total assets of Suomen Hypoteekkiyhdistys is shown at Chart 1 below.
Chart 1. Total Assets of Suomen Hypoteekkiyhdistys.
Recent changes in total assets of Suomen Hypoteekkiyhdistys and its main components are shown in Table 1.
| 2023 | 2024 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 533.0 | 8.0 | -98.49% |
| Loans to banks | 0.0 | 0.0 | 0.00% |
| Loans to customers | 2,786.8 | 2,792.7 | +0.21% |
| Bonds and other fixed-income securities | 146.4 | 142.8 | -2.47% |
| Total Assets | 3,642.0 | 3,096.3 | -14.99% |
Table 1. Recent changes in total assets of Suomen Hypoteekkiyhdistys (mln EUR).
Recent changes in total liabilities of Suomen Hypoteekkiyhdistys and its main components are shown in Table 2.
| 2023 | 2024 | change (%) | |
|---|---|---|---|
| Bank deposits | 20.2 | 19.3 | -4.69% |
| Customer deposits | 0.0 | 0.0 | 0.00% |
| Debt securities | 1,694.5 | 1,653.8 | -2.40% |
| Total Liabilities | 3,642.0 | 3,096.3 | -14.99% |
Table 2. Recent changes in total liabilities of Suomen Hypoteekkiyhdistys (mln EUR).
Recent changes in gross profit of Suomen Hypoteekkiyhdistys and its main components are shown in Table 3.
| 2023 | 2024 | change (%) | |
|---|---|---|---|
| Net Interest Income | 11.7 | 11.2 | -4.51% |
| Net Commission Income | 1.5 | 1.6 | +1.94% |
| Commission Income | 1.6 | 1.7 | +3.68% |
| Commission Charges | -0.1 | -0.1 | +50.75% |
| Net Income from Trading Operations | -2.5 | -1.1 | -56.34% |
Table 3. Recent changes in gross profit of Suomen Hypoteekkiyhdistys (mln EUR).
In 2024 Suomen Hypoteekkiyhdistys was ranked the 23rd largest bank in Finlandin terms of total assets, having 0.31% of the domestic market share.
Chart 2. Market share of Suomen Hypoteekkiyhdistys (among banks in Finland)
Historical changes in Suomen Hypoteekkiyhdistys's domestic rank and market share over 2020-2024 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2024 | 23 | 0.31 % |
| 2023 | 18 | 0.39 % |
| 2022 | 19 | 0.36 % |
| 2021 | 19 | 0.36 % |
| 2020 | 19 | 0.45 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Suomen Hypoteekkiyhdistys listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 22 |  | 0.33% | 3,283.03 mln EUR (+25.96%) |
| 23 | | 0.31% | 3,096.25 mln EUR (-14.99%) |
| 24 |  | 0.29% | 2,831.09 mln EUR (+0.95%) |
Discover key identifiers of Suomen Hypoteekkiyhdistys including its BIC, LEI, company number, MFI ID.
BIC: SHMSFIH1
The BIC (also known as SWIFT code) for Suomen Hypoteekkiyhdistys is SHMSFIH1. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | SHMSFIH1 |
| Bank BIC Code | SHMS |
| Country Code | FI (Finland) |
| Location Code | H1 |
| Branch Code | - |
LEI: 5493009ZDBVG2CO1O689
Suomen Hypoteekkiyhdistys’s LEI is 5493009ZDBVG2CO1O689. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 5493009ZDBVG2CO1O689 |
| LOU Identifier | 5493 |
| Reserved | 00 |
| Entity Identifier | 9ZDBVG2CO1O6 |
| Verification ID | 89 |
Company Registration Number: 0116931-8
Suomen Hypoteekkiyhdistys is registered in Finland under company number 0116931-8. In Finland, Company Registration Number (Business ID) is assigned automatically when registering a company with the Finnish Patent and Registration Office, the company details are further available in the Business Information System (BIS).
| Key | Value |
|---|---|
| Company Number | 0116931-8 |
MFI ID: FI01169318
Suomen Hypoteekkiyhdistys’s MFI ID, FI01169318, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Finland (FI), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | FI01169318 |
| Country Code | FI |
| MFI Code | 01169318 |
TheBanks.eu identified several banks similar to Suomen Hypoteekkiyhdistys based on various criteria, including:
