Aktia Bank Plc is a Finnish asset manager, bank and life insurer with offices in the

Helsinki Helsinki () is the Capital city, capital and most populous List of cities and towns in Finland, city in Finland. It is on the shore of the Gulf of Finland and is the seat of southern Finland's Uusimaa region. About people live in the municipali ...

Turku Turku ( ; ; , ) is a city in Finland and the regional capital of Southwest Finland. It is located on the southwestern coast of the country at the mouth of the Aura River (Finland), River Aura. The population of Turku is approximately , while t ...

Tampere Tampere is a city in Finland and the regional capital of Pirkanmaa. It is located in the Finnish Lakeland. The population of Tampere is approximately , while the metropolitan area has a population of approximately . It is the most populous mu ...

Vaasa Vaasa (; , ), formerly (1855-1917) known as Nikolaistad (; ),Oulu Oulu ( , ; ) is a city in Finland and the regional capital of North Ostrobothnia. It is located on the northwestern coast of the country at the mouth of the Oulujoki, River Oulu. The population of Oulu is approximately , while the Oulu sub-regio ...

regions. Aktia has three business areas: Banking, Asset Management and Life Insurance. Aktia has three reporting business segments: Banking Business, Asset Management and Group Functions. Aktia has about 250,000 private customers and 20,000 corporate and institutional customers. Aktia is owned by Finnish savings bank foundations, institutions and private individuals. The name ''Aktia'' is derived from the

Greek language Greek (, ; , ) is an Indo-European languages, Indo-European language, constituting an independent Hellenic languages, Hellenic branch within the Indo-European language family. It is native to Greece, Cyprus, Italy (in Calabria and Salento), south ...

word ''akti'', which means ''coast''. Aktia used to serve as the central financial institute for savings and local co-operative banks. Aktia Bank has been designated as a Significant Institution since the entry into force of

European Banking Supervision European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is re ...

in late 2014, and as a consequence is directly supervised by the

European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International ...

History

Aktia originated from the oldest deposit bank in Finland, founded in 1825 as ''Helsingfors Stads Sparbanks Inrättning''. In 1891 the bank changed its name to ''Helsingfors Sparbank'' (Helsinki Savings Bank). Some banks that have merged with Aktia include: ''Kirkkonummen Säästöpankki'' in 1956, ''Säästöpankki Torkkeli'' in 1979 and ''Espoon Säästöpankki'' in 1980. Aktia attained its current form in 1991, when the savings bank of Bromarv, Hanko,

Ingå Ingå (; , ) is a municipality in Finland, located in the southern coast of the country. Ingå is situated in the western part of the Uusimaa region. The population of Ingå is approximately , while the Raseborg sub-region, sub-region has a popul ...

, Karjaa-Pohja,

Sipoo Sipoo (; ) is a municipality of Finland. It is part of the Helsinki metropolitan area. The municipality has a population of () and covers an area of of which is water. The population density is . The administrative center of the municipality i ...

Siuntio Siuntio (; ) is a municipality in the Uusimaa region of Southern Finland. Its neighboring municipalities are Ingå to the west, Kirkkonummi to the east, Lohja to the north-west, and Vihti to the north. It is west of Helsinki. As of 2021, the p ...

, and Tenala merged to form ''Säästöpankki Aktia'' (Savings Bank Aktia). Later, the savings banks of

Porvoo Porvoo (; ; ) is a city in Finland. It is located on the south coast of the country, on the Gulf of Finland. Porvoo lies in the eastern part of the Uusimaa region. The population of Porvoo is approximately , while the Porvoo sub-region, sub-re ...

and

Vaasa Vaasa (; , ), formerly (1855-1917) known as Nikolaistad (; ),retail banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ...

operations of SKOP Bank ( fi), which went bust in the early-1990s Finnish banking crisis and the recession that followed. The Annual General Meeting in the spring of 2018 decided to merge Aktia's share series: previously the shares were divided into A and R series, of which each R share entitles the holder to 20 votes and each A share to one vote at the Annual General Meeting.

References

Banks of Finland Banks established in 1991 Companies listed on Nasdaq Helsinki Finnish companies established in 1991 {{europe-bank-stub