AMWatch

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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Nasdaq reports record year in Europe

In 2021, the number of new equity listings on the Nasdaq exchange in Copenhagen broke the old record set in 2007, and in Stockholm, the exchange recorded its highest-ever number of new listings. Nasdaq also had increasing trading volumes last year.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch