Aktia Bank Plc is a

Finnish Finnish may refer to: * Something or someone from, or related to Finland * Culture of Finland * Finnish people or Finns, the primary ethnic group in Finland * Finnish language, the national language of the Finnish people * Finnish cuisine See also ...

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 Greek ( el, label= Modern Greek, Ελληνικά, Elliniká, ; grc, Ἑλληνική, Hellēnikḗ) is an independent branch of the Indo-European family of languages, native to Greece, Cyprus, southern Italy ( Calabria and Salento), southe ...

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 1956, ''Säästöpankki Torkkeli'' in 1979 and ''Espoon Säästöpankki'' in 1980. Aktia attained its current form in 1991, when the savings bank of Bromarv,

Hanko Hanko may refer to People *August Hanko (military personnel), August Hanko, German First World War flying ace Places *Hanko, Finland, town and municipality *Hanko Peninsula, Finland *Hankø, an island in the Oslo Fjord in Norway *The asteroid ...

Ingå Ingå (; fi, Inkoo) is a municipality of Finland. Ingå is located in the province of Southern Finland and is part of the Uusimaa region. The municipality has a population of () and covers an area of of which is water. The population density ...

, Karjaa-Pohja,

Sipoo Sipoo (; sv, Sibbo) 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 munic ...

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 no ...

, and

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 cent ...

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

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 to ...

and

Vaasa Vaasa (; sv, Vasa, , Sweden ), in the years 1855–1917 as Nikolainkaupunki ( sv, Nikolajstad; literally meaning "city of Nicholas),

were merged. The name was changed to ''Aktia Säästöpankki Oy'' (Aktia Savings Bank Oy) in 1994. In 1996, Aktia acquired the retail banking 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