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Economy and Banking Sector of Finland

Major Banks of Finland

Rank
1
Total Assets
408.72 bln EUR
Market Share
67.98 %
Rank
2
Total Assets
62,743.17 mln EUR  (+3.72%)
Market Share
10.44 %
Rank
3
Total Assets
35,676.47 mln EUR  (+2.70%)
Market Share
5.93 %

#1: Nordea Bank Abp

In June 2018, Nordea Holding Abp was granted a banking licence by the European Central Bank as a part of a strategic plan to re-domiciliate Nordea Group to Finland, a member of the banking union.

Business Focus
universal banking

Nordea Bank Abp is the 1st largest bank in Finland in terms of total assets. In 2018 its total assets were 408,72 bln EUR, providing the bank with the market share of 67.98%. In 2018 the bank's operating income was 1 344,17 mln EUR.

Nordea Bank Abp participates in deposit guarantee scheme of Finland. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: OP Yrityspankki Oyj

Established in 1902, OP Yrityspankki Oyj (formerly OP Corporate Bank) is a Finnish financial services company, providing banking, non-life insurance, and asset management services to private, corporate, and institutional customers in Finland and internationally. OP Yrityspankki Oyj also acts as a central bank of OP Cooperative being responsible for the OP Group liquidity management and international operations. OP Yrityspankki is a wholly owned subsidiary of OP Cooperative.

Business Focus
central cooperative banking

OP Yrityspankki Oyj is the 2nd largest bank in Finland in terms of total assets. In 2018 its total assets were 62 743,17 mln EUR, providing the bank with the market share of 10.44%. In 2018 the bank's operating income was 465,78 mln EUR.

OP Yrityspankki Oyj is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is WD (withdrawn). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade). OP Yrityspankki Oyj participates in deposit guarantee scheme of Finland. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: Kuntarahoitus Oyj

Kuntarahoitus (en: Municipality Finance or MuniFin) a reliable and innovative credit institution with a mission to ensure competitive funding for the local public sector in Finland, namely to Finnish municipalities, their majority-owned companies, and non-profit housing companies. Kuntarahoitus is 100-percent owned by the Finnish public sector; the municipalities, the government of Finland and Keva, a public sector pension fund.

Business Focus
public sector financing

Kuntarahoitus Oyj is the 3rd largest bank in Finland in terms of total assets. In 2018 its total assets were 35 676,47 mln EUR, providing the bank with the market share of 5.93%. In 2018 the bank's operating income was 173,79 mln EUR.

Kuntarahoitus Oyj participates in deposit guarantee scheme of Finland. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also