S-Bank wealth management operating profit increases almost tenfold

By the end of September, the total number of unit holders in S-Bank Fund Management increased to 325,000 up from around 256,000 in Q3 last year, reflecting the ongoing investment trend among retail investors in Finland.

S-Bank Group CEO Pekka Ylihurula. | Photo: S-Pankki PR.

At Finland's S-Bank assets under management increased to EUR 11.9bn from EUR 11.79bn in the second quarter, up by some 10.2 percent from EUR 9.8bn at the end of the third quarter last year.

At the same time, operating profit at S-Bank's wealth management unit reached EUR 5.6m, up from EUR 0.6m at the end of Q3 in 2020, representing a total growth of 839.3 percent.

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