Savings Banks Group and Fennia agree on long-term cooperation

Savings Banks Group and Fennia have agreed on long-term distribution cooperation on insurance savings and loan security. As part of the cooperation, Savings Banks Group will sell the entire share capital in Sb Life Insurance Ltd to Fennia Life. The planned transaction implements Savings Bank Group's new group strategy, which aims at growth and the best service in the banking sector.Savings Banks Group and Fennia Life have agreed that the entire share capital of Sb Life Insurance Ltd will be sold to Fennia Life. The transaction requires approval by the authorities. Sb Life Insurance, founded

Central Bank of Finnish Savings Banks - Full Rating report in English

Rating report

​ Central Bank of Savings Banks Finland Ltd received an ‘A-‘ credit rating for investment grade from Standard & Poor's.

Credit rating agency Standard & Poor's Rating Services (S&P) granted the Central Bank of Savings Banks Finland Ltd a credit rating of ‘A-‘ for long-term investment grade and a rating of ‘A-2’ for short-term investment grade on 7 April 2015. The outlook is negative. The Central Bank acts as the central credit rating agency for the Savings Bank Group. The granted rating reflects an assessment made based on the criteria used by S&P. The assessment reviewed, for example, the business status of the Savings Bank Group, its financial performance, capital and liquidity buffers, risk profiling