S-Bank: Difference between revisions
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'''S-Bank Ltd''' ({{lang-fi|'''S-pankki Oy'''}}, {{lang-sv|'''S-Banken'''}}) is the bank of the [[S-Group]] (Finnish: S-ryhmä), a Finnish retailing [[cooperative]] organisation. |
'''S-Bank Ltd''' ({{lang-fi|'''S-pankki Oy'''}}, {{lang-sv|'''S-Banken'''}}) is the bank of the [[S-Group]] (Finnish: S-ryhmä), a Finnish retailing [[cooperative]] organisation. |
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S-Bank is the first so-called ''supermarket bank'' in Finland. Changes in legislation about personal accounts at cooperatives made them uncompetitive, such that founding an entirely new bank was actually easier than keeping the personal accounts as cooperative funds. The cooperative did, and the bank continued to, offer a relatively high interest to deposited funds. It was 2.5% in February 2008, although this was cut to 0.2% due to the global recession since 2008. The existing network of supermarket service desks is used to service customers |
S-Bank is the first so-called ''supermarket bank'' in Finland. Changes in legislation about personal accounts at cooperatives made them uncompetitive, such that founding an entirely new bank was actually easier than keeping the personal accounts as cooperative funds. The cooperative did, and the bank continued to, offer a relatively high interest to deposited funds. It was 2.5% in February 2008, although this was cut to 0.2% due to the global recession since 2008. The existing network of supermarket service desks is used to service customers. |
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==External links== |
==External links== |
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Revision as of 09:44, 9 October 2017
| File:S-Bank logo 2013.png | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2006 |
| Headquarters | Helsinki, Finland |
| Products | Deposit banking |
| Website | http://www.s-pankki.fi/ |
S-Bank Ltd (Finnish: S-pankki Oy, Swedish: S-Banken) is the bank of the S-Group (Finnish: S-ryhmä), a Finnish retailing cooperative organisation.
S-Bank is the first so-called supermarket bank in Finland. Changes in legislation about personal accounts at cooperatives made them uncompetitive, such that founding an entirely new bank was actually easier than keeping the personal accounts as cooperative funds. The cooperative did, and the bank continued to, offer a relatively high interest to deposited funds. It was 2.5% in February 2008, although this was cut to 0.2% due to the global recession since 2008. The existing network of supermarket service desks is used to service customers.
External links
 Members of the Euro Banking Association | |
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| Austria | |
| Belgium | |
| Cyprus | |
| Denmark | |
| Finland | |
| France | |
| Germany | |
| Greece | |
| Hungary | |
| Ireland | |
| Italy | |
| Luxembourg | |
| Netherlands | |
| Portugal | |
| Slovenia | |
| Spain | |
| Sweden | |
| United Kingdom |
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