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Aktia Savings Bank
Aktia Bank Plc is a Finnish asset manager, bank and life insurer with offices in the Helsinki, Turku, Tampere, Vaasa and Oulu 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 word ''akti'', which means ''coast''. Aktia used to serve as the central financial institute for savings and local co-operative banks. 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Siuntio
Siuntio (; sv, Sjundeå) is a municipality of Finland located in the Uusimaa region in the province 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 population was with a population density of . The municipality covers an area of , of which is water. The municipality is bilingual. The majority of the population are Finnish-speakers with a minority of Swedish-speakers, though a majority spoke Swedish until the 1980s. Siuntio's motto is "''Ota rauhallisesti - Ta det lugnt''", meaning "take it easy", spelled in both Finnish and Swedish respectively. The new motto came into use following municipality's rebranding program together with the new logo in March 2021. History Early history Siuntio has been inhabited since the Stone Age, with the oldest evidence of farming settlements discovered in the river valley around the medieval Siunti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1991
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Finland
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Early 1990s Depression In Finland
The early 1990s depression in Finland was one of the worst economic crises in Finland's history, even worse there than the 1930s Great Depression. The depression of 1991–1993 had a deep effect on the economy of Finland throughout the 1990s, especially in terms of employment but also in culture, politics and the general sociopolitical atmosphere. The gross national product decreased by 13%, and the unemployment rate rose to 18.9% from 3.5%. Since then, despite an overall recovery, unemployment has been persistent, and Finland has never returned to the state of nearly full employment that had existed before the crisis. Causes An underlying cause was the economic policy of the 1980s. Finland experienced a strong economic boom throughout the 1980s that dragged on and "overheated" the economy, leading to the corrective contraction of the depression. One reason was a change in Finnish banking laws in 1986 to allow Finnish companies to seek credit more easily from foreign banks, whic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finnish Banking Crisis Of 1990s
The Finnish Banking Crisis of 1990s was a deep systemic crisis of the entire Finnish financial sector that took place mainly in the years 1991–1993, after several years of debt-based economic boom in the late 1980s. Its total taxpayer cost was roughly 8% of the Finnish GNP, making it the most severe of the contemporary Nordic banking crises. The crisis has been attributed to a combination of macro-economic turbulence, weak regulation, and bank-specific problems.Liisa HalmeThe 1990s banking crisis in Finland: main causes and consequences, lessons for the future. 2002. Governmental intervention included bank takeovers, direct monetary assistance and temporary blanket guarantees to the banks.Managing the banking cri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vaasa
Vaasa (; sv, Vasa, , Sweden ), in the years 1855–1917 as Nikolainkaupunki ( sv, Nikolajstad; literally meaning "city of Nicholas),Vaasa oli ennen Nikolainkaupunki ja Aurinkolahti Mustalahti – paikannimiä ei kuitenkaan pidä muuttaa heppoisin perustein – '''' (in Finnish) is a city on the west coast of . It received its charter in 1606, during the reign of [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Porvoo
Porvoo (; sv, Borgå ; la, Borgoa) is a city and a municipality in the Uusimaa region of Finland, situated on the southern coast about east of the city border of Helsinki and about from the city centre. Porvoo was one of the six medieval towns of Finland, along with Turku, Ulvila, Rauma, Naantali and Vyborg. It is first mentioned as a city in texts from the 14th century. Porvoo is the seat of the Swedish-speaking Diocese of Borgå of the Evangelical Lutheran Church of Finland. Porvoo was briefly the capital of the former Eastern Uusimaa region. Porvoo Old Town ( fi, Porvoon vanhakaupunki; sv, Borgås gamla stan) is a popular tourist destination, known for its well-preserved 18th- and 19th-century buildings, and the 15th-century Porvoo Cathedral. The Old Town and the Porvoonjoki River Valley are recognized as, together, one of the National landscapes of Finland. The municipality's official languages are Finnish and Swedish. In 2014, 64.6% of the population spoke Finnish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tenala
Tenala ( fi, Tenhola) is a former municipality in Uusimaa, Finland. It was neighboured by Hanko, Kisko, Perniö, Pohja, Särkisalo and Ekenäs. The municipality was established in 1329. The stone church of Tenala was built in late 15th century and the paintings on the piers are from the 17th century. The bell tower of the church was renovated in 1762. In 1988, Tenala had 2991 inhabitants living in an area of 443.6 km2 and 86.96% of the inhabitants spoke Swedish as their native language. In 1993, the municipality consolidated with Ekenäs. In 2009, Tenala became a part of the newly established city of Raseborg. Notable residents *Ingeborg Norell, heroine of 1780 *Fredrik Stjernvall Fredrik Stjernvall (30 September 1845 in Tenala – 26 January 1916) was a Finnish politician. He was a member of the Senate of Finland The Senate of Finland ( fi, Suomen senaatti, sv, Senaten för Finland) combined the functions of cabi ..., senator References External links ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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