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Merged Finnish Savings Banks Group results released

Merged Finnish Savings Banks Group results released

Finnish Savings Banks Group 2014 Annual Report provides full-year results, 2015 objectives​

​​​​BRUSSELS, 2 March 2015 – According to the latest Finnish Savings Banks Group's report, the group's profit before taxes reached €63.1 million in the financial year 2014 and the net profit for the period was €46.6 million. The Group's balance sheet increased by 8.9 per cent and was €8.4 billion (EUR 7.7 billion) at the end of 2014. 

The Group's business was extremely good in 2014 both in lending and savings. Loans and receivables to customers increased by 6.6 per cent and were €5.6 billion (€5.3 billion) at the end of 2014. The Group's deposits from customers amounted to €5.8 billion (€5.6 billion) with growth of 3.5 per cent. The profit before tax for Group's Banking business segment was €73.2 million and the profit before tax for the Asset Management and Life Insurance segment was €1.8 million. However, due to its merger and the new created synergies, it is expected to improve all these profits trends during 2015.

Banking Distribution Channels; Communication - institutional & commercial