January 19, 2018 4:02 PM ET

Banks

Company Overview of Säästöpankkien Keskuspankki Suomi Oyj

Company Overview

Central Bank of Savings Banks Finland Plc operates as a central credit institution of the central group of savings banks. It offers Visa cards; treasury and payment services; and e-invoicing services to large companies. Central Bank of Savings Banks Finland Plc was formerly known as Itella Bank Ltd and changed its name to Central Bank of Savings Banks Finland Plc in April 2013. The company was incorporated in 2008 and is based in Espoo, Finland. As of April 18, 2013, Central Bank of Savings Banks Finland Plc operates as a subsidiary of Savings Bank Group.

Hevosenkenkä 3

Espoo,  02600

Finland

Founded in 2008

27 Employees

Phone:

358 2070 32450

Key Executives for Säästöpankkien Keskuspankki Suomi Oyj

Chief Executive Officer & MD
Chief Financial Officer
Deputy Chief Executive Officer, Deputy MD & Head of Treasury
Legal Counsel
Compensation as of Fiscal Year 2017.

Säästöpankkien Keskuspankki Suomi Oyj Key Developments

Central Bank of Savings Banks Finland plc Reports Earnings Results for the Six Months Ended June 30, 2017; Provides Guidance for the Full Year of 2016

Central Bank of Savings Banks Finland Plc reported earnings results for the six months ended June 30, 2017. For the period, the company reported total operating revenue of €8,495,000 against €7,949,000 a year ago. Operating profit was €839,000 against €1,185,000 a year ago. Return on equity was 1.4% against 2.0% a year ago. Return on assets was 0.03% against 0.05% a year ago. Net interest income was €3,226,000 against €2,503,000 a year ago. Profit was €671,000 against €947,000 a year ago. Total negative cash flows from operating activities were €372,536,000 against positive of €310,624,000 a year ago. Investments in investment property and in tangible and intangible assets was €619,000 against €107,000 a year ago. For full year of 2017, SB Central Bank's result before tax is expected to be profitable.

Bank of Savings Banks Ltd to Report First Half, 2017 Results on Aug 14, 2017

Bank of Savings Banks Ltd announced that they will report first half, 2017 results on Aug 14, 2017

Bank of Savings Banks Ltd. Reports Earnings Results for the Year Ended December 31, 2016

Bank of Savings Banks Ltd. reported earnings results for the year ended December 31, 2016. For the period, the company total operating revenue of €15,233,000 against €5,105,000 a year ago. Operating profit was €1,096,000 against loss of €942,000 a year ago. Profit was €1,142,000 against €339,000 a year ago. Total cash flows from operating activities were €552,624,000 against €20,886,000 a year ago. Investments in investment property and in tangible and intangible assets were €354,000 against €812,000 a year ago. Return on equity was 2.4% against 0.7% a year ago. Return on assets was 0.1% against 0.0% a year ago. Net interest income was €5,406,000 against loss of €205,000 a year ago.

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