Aktia Bank


Aktia Bank Plc is a Finnish asset manager, bank and life insurer. Aktia serves its customers in digital channels everywhere and face-to-face in its offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Aktia is owned by Finnish savings bank foundations, institutions and private individuals. It has about 270,000 private customers and 20,000 corporate and institutional customers.
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.
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 Bromarv, Hanko, Ingå, Karjaa-Pohja, Sipoo, Siuntio, and Tenala merged to form Säästöpankki Aktia. Later the savings banks of Porvoo and Vaasa were merged. The name was changed to Aktia Säästöpankki Oy in 1994. In 1996, Aktia acquired the retail banking operations of SKOP Bank, which went bust in the early-1990s Finnish banking crisis and the recession that followed.