Vetelin Osuuspankki (Finland)

Address

Koulutie 84, 69700, VETELI, Finland

BIC

n/a

Overview

Business Focus

retail banking

Vetelin Osuuspankki is a cooperative bank owned by its members via shares.Vetelin Osuuspankki provides retail and private banking products and servicesas well as pensions, insurance and investment funds productsto its owners (members).

Performance

In 2016, Vetelin Osuuspankki achieved the position of 231st largest bank in Finland with a market share of 0.01%; its total assets grew by 1.83%.

Additionally, the bank became the 125th bank in relation to its loans-to-deposits (L/D) showcasing 100.88% L/D ratio in 2016.

Deposit Protection

Deposits up to 100,000 EUR are covered by Finnish deposit guarantee scheme in Vetelin Osuuspankki.

Market Share (#231 in Finland)

Ratios

L/D

100.88%

Services

retail banking

business banking

Clients

private individuals

SMEs

companies

Products

current accounts

credit cards

debit cards

savings accounts

time deposit accounts

consumer loans

car loans

mortgage loans

Card Providers

Ways to Bank

Vetelin Osuuspankki delivered its products and services through both direct and indirect channels, namely:

branch

online banking

Financials

Total Assets (2016)

36.10 mln EUR (+1.83%)

Operating Income (2016)

130,000.00 EUR (-63.17%)

Vetelin Osuuspankki was the 231st largest bank in Finland in terms of total assets. In 2016 its total assets were 36,10 mln EUR, providing the bank with the market share of 0.01%. Vetelin Osuuspankki was the 191st largest cooperative bank in Finland (out of 202 cooperative banks) having market share of 0.05% amongst the banks of this category. In 2016 the bank's operating income was 130 000,00 EUR.

Deposit Guarantee

Guarantee Fund

Deposit Guarantee Fund (RVV)

Protected Amount

up to 100,000 EUR

Eligible Depositors

natural persons (Finnish and foreign)
legal entities (Finnish and foreign)

Covered Accounts

deposit products offered by deposit banks

Vetelin Osuuspankki participates in the deposit guarantee scheme of Finland which applies to deposit products offered by deposit banks made by natural persons (Finnish and foreign), legal entities (Finnish and foreign) and covers up to up to 100,000 EUR per bank per depositor. Vetelin Osuuspankki is a member of Deposit Guarantee Fund (RVV) and makes its contributions into it.