luottolaitoksen
Luottolaitos is Finnish for a credit institution, referring to a financial entity that is authorized to take deposits from the public and to grant credits. In addition to lending and borrowing, luottolaitokset may provide payment services and related financial activities within the scope of their authorization. The term is used in Finnish financial terminology to describe institutions that perform deposit-taking and credit intermediation, as opposed to firms that only offer advisory, investment, or insurance services.
In Finland, luottolaitokset operate under the Credit Institutions Act and are supervised by Finanssivalvonta (the Financial
Typical examples of luottolaitokset include commercial banks, savings banks, and credit cooperatives that accept public deposits
Key activities encompass accepting deposits, granting loans (household, corporate, and consumer credit), and offering payment services,
The term highlights the institution’s role in credit intermediation within the Finnish and broader European financial