"An experienced teenager"

This is how Aktia's Deputy Managing Director, Jarl Sved, refers to his bank. Founded in 1826 as the Savings Bank of Helsinki, and transformed into Aktia Savings Bank Ltd in 1993, it has over 180 years of experience-but the energy and dynamism of a teenager.

"We are in the midst of a very dynamic phase. A savings bank has changed into a financial institution," explains Mr Sved.

Aktia acquired the Life Insurance Company Veritas in 2007 and, according to plans, the Pension Insurance Company Veritas will be part of Aktia from the beginning of 2009. The Aktia group also consists of, among others, a real estate company and a fund management company.

Besides the Helsinki metropolitan area and the communities in the coastal areas of Finland, Aktia's most important areas of activity stretch from Oulu in the north, to Tampere in central Finland, and to Loviisa in the southeast.

In these regions there are many holiday homes, farms and small and medium-sized companies in need of environment-friendly investments. NIB's loan to Aktia is aimed at this client group.

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