”The balance sheets of the merging banks complement each other very well and together, the banks form a larger entity, which has better operational preconditions than separate service providers”, emphasises Kuisma Niemelä, Chief Executive Officer of SOK.

“The new S Bank and the cooperation between S Group and LocalTapiola will create and strengthen the operational preconditions of our regional companies. The cooperation of two customer-owned and regionally strong groups will create new kinds of added value to the customers in both services and benefits”, says Erkki Moisander, President of Local Tapiola Group.

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