Press release

ECBC Expands its Presence in Finland as S-Bank Joins

18 September 2023

Brussels, 18 September 2023 – For immediate release


The European Covered Bond Council (ECBC) is pleased to announce the addition of S-Bank as its latest member, bringing the number of Finnish members to seven.

S-Bank is part of S Group, the retail market leader in Finland, and focuses on offering banking and wealth management services to retail customers, while also offering targeted services to corporations. S-Bank is integrated seamlessly with the S Group’s loyalty programme and is present daily in the payment transactions of the bank’s 3.2 million customers.

Commenting on this development, Luca Bertalot, EMF-ECBC Secretary General, stated:

We are pleased to welcome S-Bank to the ECBC. The expansion of the membership base in Finland is a sign of the continued development of the country’s covered bond market and recognition of the added value that our work brings to the covered bond community.”

Commenting on this, Eero Saloranta, Director, Corporate Banking and Treasury, commented:

“Membership of the ECBC is a key milestone for S-Bank’s Covered Bond Programme. S-Bank views Covered Bonds as a prominent source of funding and expects to contribute significantly to the Finnish covered bond market in the future by becoming a frequent issuer. We are delighted to join the Covered Bond community and look forward to building relationships with international Covered Bond investors.”