May 2026
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Largest Commercial Banking Public Companies in Finland
Benchmark revenue and EBITDA valuation multiples for public comps like
Nordea Bank, Aktia Bank, Alandsbanken, Oma Savings Bank and Alisa Bank.
 | Nordea is a universal Nordic bank that generates most of its income through vanilla lending products such as mortgages, household loans, and corporate loans. The bank is also a leading equity and debt underwriter and issuer, specialized in the Nordics, generating roughly one tenth of the group's income. Nordea also offers life and pension, savings and asset management, as well as private banking services to high-net-worth individuals. It operates primarily in Sweden, Denmark, Finland, and Norway. | $19 | +29% | $64B | $310B | 22.2x | - | ||
| Aktia Bank PLC operates in Finland and offers a broad range of financial services, including banking, asset management, and insurance. The vast majority of its customer base lives in the Helsinki metropolitan area, which accounts for most of its loan and deposit activities. It operates through business segments: banking business, which includes individual, corporate, and institutional customers; and asset management, which includes the firm's asset management business and life insurance arm and Group functions. The majority of revenue comes from the banking business segment. | $14 | +25% | $1B | $6B | 17.3x | - | ||
| Alandsbanken ABP is a private banking operator based in Finland. The services offered by the company include Accounts, Insurance, Loans, Digital services, Basic banking services, and Invest and Save among others. The reportable segments of the company are Private Banking, Premium Banking, IT, Corporate and others. The Private Banking segment generates the majority of its revenue followed by Premium banking. Geographically, the company operates in Finland and Sweden in which Finland generates key revenue. | $50 | +16% | $778M | $2B | 6.8x | - | ||
| Oma Savings Bank PLC is a Finnish savings bank. The company focuses predominantly on retail banking operations and provides its clients with a broad range of banking services. The products offered by the company include credit, investment, online banking, and loan insurance among others. It is also engaged in mortgage banking operations. | $14 | +44% | $463M | $4B | 13.4x | - | ||
| Alisa Bank PLC is a Finnish bank that helps both personal and business customers to manage day-to-day finances in a flexible and straightforward manner. For savers, the bank offers an attractive interest rate on deposits. | $0 | -24% | $23M | $31M | 1.7x | - | ||
| Median | $14 | +25% | $778M | $4B | 13.4x | - |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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