Säästöpankki
- Company typePrivate
- Founded1822
- HeadquartersHelsinki, Finland
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
Säästöpankki firmographics
Firmographics- Name
- Säästöpankki
- Legal name
- Säästöpankkiryhmä
- Website
- https://saastopankki.fi
- Company type
- Private
- Founded year
- 1822
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Where Säästöpankki is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
Säästöpankki business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income: Traditional banking revenue from interest margins on loans including mortgages, consumer loans, and business loans. The bank offers various loan products such as asuntolaina (mortgage), yrityslaina (business loans), and vakuudeton kulutusluotto (unsecured consumer credit).
- Fee and Commission Income: Fees from account management, card services, payment processing, and transaction services for both retail and business customers.
- Fund Management and Investment Products: Revenue from managing and distributing investment funds (Sp-Rahastoyhtiö), including mutual funds, solution funds (Maltti, Ryhti, Kantti), and individual portfolio management services. Customers pay management fees and transaction costs for fund investments.
- Real Estate Services (Sp-Koti): Commission income from real estate brokerage services through Sp-Kodi, the bank's property sales subsidiary.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Säästöpankki Lyhytkorko, Ryhti, Kantti and Maltti funds |
| Subscription | Monthly | Visa Business Credit corporate credit card |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
Säästöpankki product offering
Product offeringCore offering
Säästöpankki is a Finnish cooperative savings bank group providing everyday retail banking, mortgages, consumer and business loans, ASP housing savings accounts, payment and cash management services, and a full range of investment funds through its subsidiary Sp-Rahastoyhtiö. It serves individual customers, SMEs, and high-net-worth clients through a hybrid model of regional branches and the Säästöpankki Mobiili mobile app, Verkkopankki web banking, phone banking, and Verkkotapaaminen video meetings, supplemented by Sp-Koti real estate brokerage and Fennia insurance distribution.
Product overview
Säästöpankki is a Finnish banking group offering a comprehensive, multi-channel banking platform primarily serving individual retail customers and business customers. The product portfolio centers on Säästöpankki Mobiili (mobile banking app) and Säästöpankki Verkkopankki (online banking platform) as the core digital access points, supplemented by branch offices across Finland. For personal banking, the offering encompasses deposit accounts (including ASP-tili for housing savings), various loan products (home mortgages, consumer credit, loan consolidation), and investment services including a full range of mutual funds managed by Sp-Rahastoyhtiö (including award-winning Säästöpankki Lyhytkorko and Pienyhtiöt funds, plus the sustainability-focused Säästöpankki Ympäristö fund), and Säästöpankki Yksityispankki for private banking. The group also provides insurance distribution through a Fennia partnership, and operates Sp-Kodi real estate brokerage. For business customers, the core products include the dedicated Yritysverkkopankki platform, Yrityspankki premium services, plus specialized financing tools including factoring (via LähiRahoitus partnership), leasing, installment purchasing (via Siemens Financial Services), and the Kassavahhti cash management solution. Additional digital tools include Säästöpankki Tunnistus (authentication service), Verkkotapaaminen (video banking), sähköinen allekirjoitus (cross-bank e-signature), and various calculators and budgeting tools. The group participates in PSD2/Open Banking infrastructure, enabling third-party integration.
Differentiator
Problem solved
Functional benefit
Brands
- Sp-Koti: Real estate brokerage and property services offered by Säästöpankkiryhmä
- Säästöpankki Mobiili
- Säästöpankki Yrityspankki
- Säästöpankki Yksityispankki
- Säästöpankki Tunnistus
Products and services
- Säästöpankki Mobiili mobile banking application Mobile banking app for retail and business customers to manage accounts, payments, fund purchases and authentication from a smartphone.
- Säästöpankki Verkkopankki online banking platform Web-based online banking platform for comprehensive account management, fund investments, loan applications and transactions via browser.
- Säästöpankki Tunnistus authentication app Secure identity-verification application enabling customers to access online services and the bank's trust-network identification services using bank-provided credentials.
- Säästöpankki Yksityispankki private banking Private banking service providing personalised wealth management, investment advice and comprehensive financial planning for high-net-worth individuals.
- Säästöpankki Yrityspankki premium business banking Premium banking service for businesses seeking comprehensive banking partnerships including funding, investment services and tailored solutions for established companies.
- Säästöpankki Yritysverkkopankki business web banking Digital banking platform designed specifically for business customers offering comprehensive tools for financial management, payments and cash flow.
- Verkkotapaaminen video banking Video meeting service for remote consultations with bank advisors, featuring accessibility support including 400% zoom capability.
- Säästöpankki Lyhytkorko short-term bond fund Award-winning short-duration Nordic fixed income fund managed by Sp-Rahastoyhtiö for retail and private banking investors seeking low-duration bond exposure.
- Säästöpankki Pienyhtiöt Finnish small-cap equity fund Finnish small-cap equity fund managed by Sp-Rahastoyhtiö that has won Refinitiv Lipper, Morningstar and Sijoittaja.fi recognition as a leading Finland equities fund.
- Säästöpankki Ympäristö ESG / environment fund Special investment fund focused on climate change mitigation, environmental innovations and environmental projects such as wind farm construction.
- Säästöpankki Maltti, Ryhti ja Kantti solution funds Three solution funds (Maltti, Ryhti, Kantti) targeting different investor risk profiles by investing in underlying funds and ETFs; available with a 10€ minimum and monthly savings plans.
- Asuntolaina mortgage loan Home mortgage lending product for retail customers in Finland, including up to 40-year tenors granted by banks from June 2026 onward.
- ASP-tili housing savings account Finnish government-supported housing savings account for first-time homebuyers offering tax benefits and state bonuses on saved funds.
- Lainaturva loan protection insurance Loan protection insurance covering customers against unforeseen circumstances that affect their ability to repay loans.
- Ryhmäeläkevakuutus group pension insurance Group pension insurance used by companies to retain or reward employees, including life insurance and permanent disability coverage.
- Kapitalisaatiosopimus corporate capitalisation agreement Flexible 5–20 year term savings agreement for companies providing controlled wealth management for treasury purposes.
- Varainhoitokapitalisaatio wealth management capitalisation Professional wealth management service using a capitalisation agreement structure, tailored to selected return targets and risk capacity for corporate clients.
- Visa Business Credit corporate card Corporate credit card for managing daily business expenses, with credit limits of €2,000 to €30,000 available to existing Säästöpankki corporate customers.
- Sp-Koti real estate brokerage Real estate brokerage service through Sp-Koti helping customers buy and sell properties via property valuation, marketing, buyer matching and transaction management.
Quantifiable outcome
- Säästöpankki Lyhytkorko fund has won LSEG Lipper Fund Awards as best Nordic short-term bond fund for 6 consecutive years (2021-2026)
- +1 more outcomes
Companies that use Säästöpankki
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Säästöpankki technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Säästöpankki partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Keskinäinen Vakuutusyhtiö FenniacoreInsurance partnership offering Säästöpankki customers exclusive benefits on various insurance solutions including home, cottage, vehicle, traffic, personal, animal, and travel insurance as well as entrepreneur and employee insurance. Vakuutustuotteiden myynnistä, myöntämisestä ja hallinnoinnista vastaa Keskinäinen Vakuutusyhtiö Fennia. The partnership provides seamless ways for customers to take care of their financial well-being.
- LähiRahoituscoreInvoice financing partnership providing businesses with factoring services to accelerate cash flow from receivables. LähiRahoitus offers invoice financing, payment monitoring, payment traffic follow-up and reminders, and collection services. Credit insurance can also be added to protect business receivables. The partnership enables faster cash cycle for businesses dealing with extended payment terms.
- Noja RahoitusminorFactoring financing partnership for businesses experiencing extended customer payment terms. Noja Rahoitus provides invoice financing to help businesses get immediate cash from invoices.
- Siemens Financial ServicesminorInstallment payment financing partner for business investments. Siemens Financial Services provides installment payment solutions for company investments where the acquired asset serves as collateral.
Scale indicators3 records
Recent moves3 records
Expansion highlights6 records
Säästöpankki competitors and assessment
Company assessmentBroad incumbents
- Nordea: Largest Nordic universal bank with full retail, corporate, asset-management and payment services across Finland. Operates in the same segments but at much greater scale and as a publicly listed incumbent.
- Danske Bank (Finland operations): Major Nordic universal bank with retail, business and wealth-management operations in Finland; competes across the same SME and mortgage segments but with broader Nordic scale.
- Handelsbanken (Finland operations): Swedish-rooted Nordic bank with Finnish retail and corporate banking presence, known for relationship-led local branch model similar to Säästöpankki's federation structure.
Direct peers
- Aktia Bank: Finnish bank offering retail banking, wealth management and SME services with strong Helsinki/regional focus. Overlaps heavily on private banking, fund distribution and business banking segments.
- POP Bank (POP Pankki): Finnish cooperative banking federation of independent local banks with comparable retail/business focus and member-owned structure. Closest mid-tier analog to Säästöpankki's federation of regional savings banks.
- S-Bank: Finnish retail bank owned by the S Group retail cooperative, offering everyday banking, savings and investment products to a captive loyalty-program customer base — comparable in retail focus and Finnish-only market.
- OP Financial Group: Largest Finnish cooperative banking group, also member-owned and offering retail, business and asset-management services. Most direct comparable given shared cooperative model and full-service Finnish banking footprint.
- Oma Säästöpankki: Finnish savings bank with similar retail, SME and investment fund offerings serving regional Finnish markets. Directly comparable in size, product mix and target customers.
Others
- LähiRahoitus: Finnish factoring and accounts-receivable financing partner of Säästöpankki; part of the local SME financing ecosystem and adjacent service provider rather than direct retail-banking competitor.
Emerging players
- Sp-Rahastoyhtiö competitors (e.g., Evli, Seligson & Co): Finnish boutique asset managers with award-winning fund franchises (Lyhytkorko, Pienyhtiöt) that compete for distribution through Säästöpankki's captive channels and across the broader Finnish retail fund market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Säästöpankki social profiles
Digital presenceSäästöpankki financial estimates
Financial estimateRevenue estimate
Valuation estimate
Säästöpankki leadership team
Management profileNumber of profiles
Profiles3 records
Säästöpankki subsidiaries and ownership
Company hierarchySubsidiaries2 records
Säästöpankki funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Säästöpankki M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Säästöpankki
What does Säästöpankki do?
Säästöpankki is a Finnish cooperative savings bank group providing everyday retail banking, mortgages, consumer and business loans, ASP housing savings accounts, payment and cash management services, and a full range of investment funds through its subsidiary Sp-Rahastoyhtiö. It serves individual customers, SMEs, and high-net-worth clients through a hybrid model of regional branches and the Säästöpankki Mobiili mobile app, Verkkopankki web banking, phone banking, and Verkkotapaaminen video meetings, supplemented by Sp-Koti real estate brokerage and Fennia insurance distribution.
Is Säästöpankki a public or private company?
Säästöpankki is a private company. It is classified as management employee owned and is currently operating.
When was Säästöpankki founded?
Säästöpankki was founded in 1822. It employs 251 to 500 people.
Where is Säästöpankki based?
Säästöpankki is headquartered in Helsinki, Finland, in the Europe region.
How does Säästöpankki make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are fee and Commission Income, fund Management and Investment Products and real Estate Services (Sp-Koti).
Who are Säästöpankki's main competitors?
Broad incumbents on record are Nordea, Danske Bank (Finland operations) and Handelsbanken (Finland operations). Direct peers are Aktia Bank, POP Bank (POP Pankki), S-Bank, OP Financial Group and Oma Säästöpankki. LähiRahoitus is listed as an others. Sp-Rahastoyhtiö competitors (e.g., Evli, Seligson & Co) is listed as an emerging player.
Does Säästöpankki have an API?
Yes. Säästöpankki supports PSD2 (Second Payment Services Directive) and Open Banking, which enables third-party providers to access account information and initiate payments through open APIs. This allows fintech companies and other service providers to build applications that integrate with Säästöpankki's banking services for account monitoring and payment initiation.