S-Bank is a Finnish bank that wants to make it possible for everyone to have a little more wealth, regardless of how much money they have to start with. We specialise in understanding both the economy and people: as part of S Group, we know the daily lives of our 3.1 million customers. We are reforming the banking business by offering superior ease and benefits to customers by combining the services or our bank and S Group stores.
S-Bank is owned by SOK Corporation and the regional co-operatives in the S Group.
S-bank publishes a financial statements release for the full year, an annual report, a half-year report for the first six months of the year, as well as interim reports for the first three and nine months of the year. The latest publication of S-Bank’s financial results is available below.
Interim Report 1 January–30 September 2022: 10 November 2022
Financial Statements Bulletin 2022: 3 February 2023
On 22 September 2022, credit rating agency Standard & Poor's (S&P) published its report on S-Bank. The credit rating of long-term borrowing is BBB, that of short-term borrowing is A-2, and the outlook is stable.
Debentuuri I 2016: lainakohtaiset ehdot (PDF, 45 kt) ja joukkovelkakirjaohjelma 2016 (PDF, 48 kt)
Debentuuri I 2017: lainakohtaiset ehdot (PDF, 15 kt) ja joukkovelkakirjaohjelma 2016 (PDF, 48 kt)
Debentuuri I 2020: lainakohtaiset ehdot (PDF, 29 kt) ja joukkovelkakirjaohjelma 2020 (PDF, 31 kt)
Debentuuri I 2021: lainakohtaiset ehdot (PDF, 19 kt) ja joukkovelkakirjaohjelma 2021 (PDF, 36 kt)
A system malfunction in S-Bank authentication during the summer – the situation has been resolved and all customers affected by the malfunction have been contacted
A malfunction occurred in the authentication with S-Bank online banking IDs during the period from 20 April to 5 August 2022, affecting a limited group of customers. The malfunction has been resolved. S-Bank has contacted all customers affected by the malfunction by an online bank message or a letter. If a customer has not been contacted, the malfunction did not concern them and there is no need for any action.
A malfunction occurred in the authentication with S-Bank online banking IDs during the period from 20 April to 5 August 2022, affecting a group of a few hundred people. As a result of the malfunction, a limited number of S-Bank customers had the chance in certain situations to log in to another customer’s online banking account. In a very small number of cases, the system malfunction was also misused, e.g. for unauthorised payments and for logging in to third-party online services.
The malfunction was due to the erroneous functioning of an individual software component in the online banking service. The malfunction was corrected as soon as it was detected. Authentication with the S-Bank online banking ID is secure.
“We are deeply sorry for the incident. We take the security of our services very seriously, and continuously develop new ways to protect our services. This involves, unfortunately, a race with criminals who constantly seek new vulnerabilities in the services”, says Carl-Edvard Holmberg, director in charge of the development of S-Bank’s digital services.
S-Bank has requested the police to investigate the incident and establish whether those who have exploited the system malfunction have committed any crime. S-Bank will compensate its customers for any direct financial losses resulting from the malfunction.
“We have contacted all customers affected by the situation by an online bank message or a letter. In addition, we have made phone calls to customers. If a customer has not been contacted by us so far, the malfunction did not concern them and there is no need for any action.”
S-Bank Communications, +358 50 573 5855, firstname.lastname@example.org
The CEO of S-Bank will change. The current CEO Pekka Ylihurula has stepped down, and the search for a new managing director has begun.
“I would like to thank Pekka Ylihurula for his long-term good work to develop S-Bank into a full-service bank,” says Jari Annala, S-Bank’s Chairman of the Board.
“S-Bank will continue to implement its strategy as planned, growing strongly and serving its 3.1 million customers,” Annala continues.
Deputy CEO Hanna Porkka will be acting as Interim CEO until the new CEO takes office.
“It’s a great honour to lead the bank voted Finland’s most responsible bank and our great personnel until a new managing director is elected,” Hanna Porkka says.
Jari Annala, S-Bank, Chairman of the Board
Hanna Porkka, S-Bank, Deputy CEO
Contacts are coordinated by S-Bank Communications, +358 50 573 5855
Further information of S-Bank as an investment object is available from the following persons.