Purmo Andelsbank

Anna Mileiko Created by Anna Mileiko

Purmo Andelsbank Logo

Address

Lillbyvägen 168, 68940, LILLBY, Finland

BIC

n/a

Overview

Business Focus

retail banking

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

Performance

In 2023, Purmo Andelsbank achieved the position of 150th largest bank in Finland with a market share of 0.01%; its total assets dropped by 1.09%.

Additionally, the bank became the 116th bank in relation to its loans-to-deposits (L/D) showcasing 98.58% L/D ratio in 2023.

Deposit Protection

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

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

VisaMasterCard

See Also

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Ways to Bank

Purmo Andelsbank delivers its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking

Financials

Total Assets of Purmo Andelsbank
Operating_income of Purmo Andelsbank
Market Share of Purmo Andelsbank
Total Assets (2023)
53.42 mln EUR   (-1.09%)
Operating Income (2023)
892,719.40 EUR   (+38.82%)

Purmo Andelsbank ranks as the 150th largest bank in Finland by total assets. In 2023 its total assets were 53.42 mln EUR, representing a 0.01% market share. It is also the 120th largest cooperative bank in Finland, commanding a 0.05% share among cooperative banks. In 2023 the bank's operating income was 892,719.40 EUR.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Deposit Guarantee Fund (RVV)Deposit Guarantee Fund (RVV)
Covered Accounts
deposit products offered by deposit banks
Eligible Depositors
natural persons (Finnish and foreign)
legal entities (Finnish and foreign)

Purmo Andelsbank 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.

See Also

Purmo Andelsbank is a member of OP-Pohjola Group (Finland).

Contacts

addressLillbyvägen 168, 68940, LILLBY, Finland

Purmo Andelsbank is located in LILLBY.

Bank Identifiers

LEI
7437008D3M45Q20VXT20
Company Number
0181985-1
MFI ID
FI01819851
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