Sampo Bank's operations started in 1887 with the Postal Savings Bank, which was owned by the Finnish Government and accepted deposits from the public at post offices. The Postal Savings Bank's assets were initially invested in government bonds but after the Second World War, the banking business gradually expanded to lending aimed at energy and industrial enterprises and residential construction.
The introduction of the first modern payment system, the postal giro, during the Winter War in 1939 was a significant step. The Postal Savings Bank was the first enterprise in Finland to enter the computer age in 1958 as the bank adopted an IBM "electric brain" called Ensi.
The Postal Savings Bank, which operated as a state enterprise, was renamed Postipankki in 1970. The bank became a state-owned limited company in 1988 and started to operate as a full-service bank similar to private commercial banks.
Sampo Bank is a part of the Danske Bank Group, which is one of the largest financial enterprise in the Nordic region. Sampo Bank has more than 1.1 million personal customers and more than 100,000 corporate and institutional customers in Finland.
Sampo Bank became a part of the Danske Bank group in February 2007. In March 2008, the migration of Sampo Bank to Danske Bank's shared IT-platform was completed. Danske Bank wish to create a unique banking products model and collect best practise – the Danske Banking Concept – in all of its fields of activity.
Sampo Bank's top management is based in Helsinki. The country-specific functions managed from Helsinki also include business development, HR management, asset management, communications, financing, legal affairs and credit risk management.
Their vision in the Danske Bank group is "One platform – exceptional brands". Their goal is to be the "best local financial partner".
Their goal is to become a more significant bank operator in Finland. Their strategy is to grow in each customer segment, increase their market share and offer their customers better services at more competitive prices.
Their goal is to be the most customer-oriented bank that produces benefits to the customer. In other words, their goal is to be the best Finnish bank that offers extraordinary service.
To succeed in this task Sampo Bank continues the 'Benefits for customers' project started in 2005.
The economic partnership between the bank and customers is based on mutual respect, openness, honesty, interactivity and awareness of customers' conditions, needs and wishes.
Sampo Bank values