Oma Saastopankki

What Oma Saastopankki does

Oma Saastopankki (OmaSp) is a Finnish savings bank listed on Nasdaq Helsinki (ticker OMASP) and headquartered in Seinäjoki. Founded in 1875, it operates 48 branches across Finland and serves more than 200,000 retail and SME customers. The bank's core offering includes deposit accounts, lending (residential and corporate), payment services, insurance distribution, and asset management through its in-house Sp-Rahastoyhtiö fund company.

OmaSp's revenue model is anchored in net interest income on a loan portfolio of approximately EUR 6 billion, complemented by fee and commission income (Q1 2025: EUR 14.7M), trading income, and fund-management fees. The bank funds itself through a combination of retail deposits, an EMTN programme (EUR 50M bond August 2024, EUR 200M bond September 2025), and capital-markets issuance supporting MREL compliance. Capital adequacy stood at 19.2% in Q3 2025 with equity of EUR 605.2M, and S&P affirmed a BBB/A-2 credit rating in June 2026 with a negative outlook.

The bank has pursued an active consolidation strategy, acquiring Liedon Säästöpankki in early 2024 (~50,000 customers) and Handelsbanken's Finnish SME portfolio in September 2024 (~10,000 SME/corporate customers), on top of an earlier 2015 acquisition of Joroisten Osuuspankki. New branches have been opened in Kuopio, Vaasa, Vantaa, and Oulu, and digital offerings have been expanded through the OmaYritys corporate portal and EIR green financing products. FY2024 comparable profit before taxes was EUR 143.6M (up 89% YoY); Q1 2025 profit fell to EUR 4.6M and Q3 2025 recovered to EUR 16.1M, reflecting net interest margin compression in a falling-rate environment.

Name

Oma Saastopankki

Legal name

Oma Säästöpankki Oyj

Website

https://omasp.fi

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Oma Saastopankki (OmaSp) is a Finnish Nasdaq Helsinki-listed savings bank serving 200,000+ retail and SME customers via 48 branches. It generates revenue from lending, deposits, fees, and asset management, and has grown through branch expansion and acquisitions of other savings banks.

Ownership category

akta.pro rank

Headquarters

HQ city

Lappeenranta

HQ country

Finland

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Interest income (korkokate): Net interest income is the dominant revenue driver. OmaSp earns interest margins on its loan portfolio (mortgage loans, corporate loans, consumer credit) funded by customer deposits and wholesale funding. In Q1 2025, net interest income was EUR 46.9 million, down 18.3% year-on-year due to falling market rates. Full-year 2024 comparable result before taxes was strong at EUR 143.6 million. Q3 2025 net interest income was EUR 40.2 million.
2. Commission income (palkkiotuotot): Fee and commission income from lending, fund management, payment services, card transactions, and insurance intermediation. Q1 2025 commission income was EUR 14.7 million. Q3 2025 net commission income grew 2.5% to EUR 12.5 million, driven by lending and fund savings fees.
3. Capital markets and investment products: Revenue from investment fund management through Sp-Rahastoyhtiö, including the award-winning Säästöpankki Lyhytkorko short-duration bond fund.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Oma Saastopankki (OmaSp) is a Finnish savings bank providing retail and SME banking services through a nationwide network of 48 branch offices and digital channels. The bank offers current and savings accounts, mortgage and consumer loans, corporate banking, card products, payment services, and investment/fund products to over 200,000 private and business customers across Finland.

Product overview

Oma Saastopankki (OmaSp) operates as a Finnish retail and SME-focused bank offering a unified banking platform centered around digital services. The core product portfolio consists of OmaMobiili (mobile banking app) and Verkkopankki (online banking) as primary access channels, complemented by OmaYritys (corporate portal) for business customers. The bank provides deposit accounts (OmaTuottoTalletus, Säästötilit), lending products (Asuntolaina, Joustoluotto, Yrityslaina), card products (Visa Credit/Debit, K-Business Visa), investment services (Rahastosäästäminen, OmaVara), and payment solutions including Apple Pay, Google Pay, and Garmin Pay integrations. Additional services include EIR-lainatakaus (European Investment Fund guarantees) for green financing, OmaPostilaatikko for document signing, and OmaVahvistus for secure authentication. The bank serves over 200,000 customers through 48 branch offices nationwide.

Differentiator

Problem solved

Functional benefit

Brands

• OmaMobiili: Mobile banking application for customers
• OmaYritys
• OmaPostilaatikko
• OmaTuottoTalletus
• OmaVara
• OmaSp Stadion
• OmaJoulu
• OmaSp Fan Zone

Products and services

• Asuntolaina (Mortgage Loan) Mortgage and home loan product for purchasing residential property, including a digital mortgage application process. Offered to private individuals.
• Joustoluotto (Flexible Credit) Flexible revolving credit line offering revolving credit for varying personal financial needs with drawdown flexibility. Targeted at private individuals.
• OmaTuottoTalletus (Term Deposit) Term deposit product offering competitive returns for fixed-period savings with guaranteed interest rates for private customers.
• Rahastosäästäminen (Fund Savings) Fund investment services allowing customers to invest in various mutual funds managed by Sp-Rahastoyhtiö, with systematic monthly saving options starting from 10 euros. Includes the LSEG Lipper award-winning Säästöpankki Lyhytkorko short-term bond fund.
• Visa Credit and Debit Cards Personal Visa credit and debit card products linked to the customer's bank account, with international acceptance, contactless payment support, and optional K-Plussa loyalty feature.
• K-Business Visa (Corporate Card) Business credit card designed for companies with features including electronic receipts, expense management, and corporate spending controls. Targeted at SME and corporate customers.
• EIR-lainatakaus (EIF Loan Guarantee)
• Yritysverkkopankki (Corporate Online Banking) Corporate online banking platform providing comprehensive business banking services including cash balance certificates, multi-account management, and business payment services for SME and corporate customers.
• OmaMobiili Mobile Banking App Mobile banking application for iOS and Android enabling account management, payments, loan applications, card management, and authentication. Available in Finnish, Swedish, and English for private and SME customers.
• Verkkopankki (Online Banking) Full-service online banking platform for account management, transfers, bill payments (e-lasku), corporate banking, and document management via OmaPostilaatikko.
• OmaYritys Corporate Portal Corporate banking portal for business customers to manage corporate cards, business finances, company payment management, and Nets payment service integration in a unified interface.

Quantifiable outcome

• Customer satisfaction with personal advisor: 4.6/5; Overall service satisfaction: 4.3/5
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Euroopan investointirahasto (EIR / European Investment Fund)coreStrategic or Co-development Partner · 7 October 2025EIR and OmaSp signed a guarantee agreement offering businesses, housing companies, and households access to financing on better terms for projects advancing environmental sustainability and the green transition. Guarantees cover up to 70% of loan amount, enabling longer loan terms and reduced collateral requirements. Particularly targeted at energy efficiency investments, renewable energy, and circular economy solutions.
• NetscoreTechnology or Integration · 1 April 2025OmaSp integrated Nets' payment processing and account services as part of its corporate product offering, particularly following the acquisition of Handelsbanken's SME business in September 2024. Nets provides payment terminal services and account services for business customers. Also includes K-Cards (Plussa feature) co-branding.
• Salpausselän kisat rycoreGTM or Marketing Partner · 20 March 2025OmaSp Fan Zone branding at the event, hospitality, and multi-year partnership ensuring consistent presence at Finland's premier winter sports event in Lahti.
• Suomen Yrittäjät (Finnish Entrepreneurs)coreGTM or Marketing PartnerOmaSp and Suomen Yrittäjät signed a new three-year main partnership agreement for 2025-2027. This is a continuation of a prior partnership. OmaSp serves as a key banking partner for Finnish entrepreneurs and SMEs, providing specialized business banking services, financing solutions, and participating in entrepreneur events and training.
• Salpausselän kisat (FIS Nordic Combined World Cup Lahti)coreGTM or Marketing PartnerOmaSp is the main local partnership sponsor of Salpausselän kisat, one of Finland's major winter sports events. The partnership includes the OmaSp Fan Zone at the venue, prominent visibility during broadcasts and in digital channels, and hospitality. The partnership was extended to a multi-year agreement in November 2025.
• ANKO LakiasiantoimistominorStrategic or Co-development PartnerANKO law firm provides expert speakers for OmaSp's customer information evenings on estate planning (edunvalvontavaltuutus and testamentti). Jointly organized events at OmaSp branches across Finland to educate customers on important legal documents.
• Sp-Rahastoyhtiö OycoreStrategic or Co-development PartnerSp-Rahastoyhtiö manages OmaSp's investment fund products including the award-winning Säästöpankki Lyhytkorko short-term bond fund (5 consecutive LSEG Lipper Fund Awards). Provides fund management expertise and market strategy insights used in OmaSp investor evenings.
• Handelsbanken FinlandcoreChannel Partner/ Reseller/ DistributorOmaSp acquired Handelsbanken's Finnish SME business in September 2024, including approximately 10,000 new customers, branch operations in selected areas, and staff. Nets payment services were included in the acquisition. This is a business acquisition rather than a partnership.

Scale indicators12 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Aktia Bank: Finnish retail/SME bank with similar savings-bank heritage, listed on Nasdaq Helsinki. Comparable in scale, deposit-funded model, focus on private and SME customers, and digital plus branch distribution across Finland.
• Handelsbanken: Swedish relationship-led bank historically focused on SME corporate banking; divested its Finnish SME book to OmaSp in September 2024. Highly comparable decentralized branch-driven SME lending model.
• S-Bank: Finnish retail bank owned by the S-Group retail cooperative, focused on everyday retail banking and SME services. Comparable customer base, branch-light digital-plus-retail model, and Finnish-only footprint.
• POP Pankki: Cooperative Finnish retail bank federation serving private customers and SMEs through local member banks. Closely comparable to OmaSp in customer segments, branch-based service model, and Finnish-only footprint.
• Savings Banks Group (Sp-Banken / Säästöpankit): Cooperative federation of independent Finnish savings banks sharing back-office, IT, and product infrastructure. The most direct conceptual peer, as OmaSp itself originated from this cooperative savings-bank tradition.

Broad incumbents

• Swedbank: Major Nordic retail bank with operations in Finland; competes with OmaSp in retail deposits, mortgages, and SME services, but at much greater scale and with broader Nordic geographic exposure.
• SEB: Large Nordic universal bank with a meaningful Finnish corporate and private-banking franchise; competes with OmaSp in SME lending and wealth management, though OmaSp operates only in Finland.
• Nordea: Nordic universal bank with substantial Finnish retail and corporate banking franchise; the most relevant large incumbent that competes head-to-head with OmaSp for SME and retail deposits and loans.
• OP Financial Group: Finland's largest financial group and dominant retail/SME bank. Overlaps with OmaSp across virtually every product and customer segment but at materially greater scale and with a cooperative structure.

Regional players

• Alandsbanken: Smaller Finnish retail/SME bank with strong regional focus. Comparable in scale, business mix, and listed-bank status but serves a more concentrated regional customer base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/omasaastopankki
• YouTubeyoutube.com/channel/UCdUGoSIPxF69u0ihwpud4jA
• Facebookfacebook.com/Omasaastopankkioyj
• LinkedInlinkedin.com/company/omasp
• Instagraminstagram.com/omasaastopankkioyj

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oma Saastopankki