Vaara-Karjalan Osuuspankki (Finland)

Address

Mantsintie 5, 82900, ILOMANTSI, Finland

BIC

n/a

Overview

Business Focus

retail banking

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

Performance

In 2023, Vaara-Karjalan Osuuspankki achieved the position of 60th largest bank in Finland with a market share of 0.06%; its total assets dropped by 2.33%.

Additionally, the bank became the 32nd bank in relation to its loans-to-deposits (L/D) showcasing 108.75% L/D ratio in 2023.

Deposit Protection

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

Market Share (#60 in Finland)

Market Share of Vaara-Karjalan Osuuspankki

Ratios

L/D

108.75%

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

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Ways to Bank

Vaara-Karjalan Osuuspankki delivers its products and services through both direct and indirect channels, namely:

branch

online banking

Financials

Total Assets of Vaara-Karjalan Osuuspankki

Operating_income of Vaara-Karjalan Osuuspankki

Total Assets (2023)

550.50 mln EUR (-2.33%)

Operating Income (2023)

10.63 mln EUR (+127.17%)

Vaara-Karjalan Osuuspankki is the 60th largest bank in Finland in terms of total assets. In 2023 its total assets were 550,50 mln EUR, providing the bank with the market share of 0.06%. Vaara-Karjalan Osuuspankki is the 37th largest cooperative bank in Finland (out of 120 cooperative banks) having market share of 0.56% amongst the banks of this category. In 2023 the bank's operating income was 10,63 mln 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

Vaara-Karjalan 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. Vaara-Karjalan Osuuspankki is a member of Deposit Guarantee Fund (RVV) and makes its contributions into it.