Aktia Bank

Aktia Bank plc

Type	Public
Traded as	Nasdaq Helsinki: AKTAV
Industry	Financial Services
Founded	1991
Headquarters	Helsinki, Finland
Area served	Finland
Key people	Martin Backman (Managing Director)[1]
Products	Banking
Net income	EUR 68 million (2014)
Number of employees	932 (2014)
Website	http://www.aktia.fi

Aktia Bank plc is a Finnish bank owned by Finnish savings bank foundations, institutions, savings banks and private individuals. Its range covers the bilingual seaboard of Finland and certain cities.^[2] It has about 380,000 customers and 45 branches around Finland.

The name Aktia is derived from the Greek language word akti, which means coast. Aktia used to serve as the central financial institute for savings and local co-operative banks.

History

Aktia has ultimately emerged from the oldest deposit bank in Finland. It was 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 banks of Bromarf, Hanko, Ingå, Karjaa-Pohja, Sipoo, Siuntio, and Tenala merged to form Säästöpankki Aktia (Savings Bank Aktia). Later the savings banks of Porvoo and Vaasa were merged. The name was changed to Aktia Säästöpankki Oy (Aktia Savings Bank Oy) in 1994.

References