Bonum Bank is a credit institution owned by the POP Bank Alliance. Bonum Bank is based on the former payment institution ACH Finland Ltd. Banking operations began in August 2014 and POP Banks credit institution operations were transferred to Bonum Bank in February 2015.
Bonum Bank provides clearing, settlement and treasury services for POP Banks. Bonum Bank is an internal bank in the POP Bank group. As a central credit institution it provides banking services for other POP Banks hence reducing need for outside service providers. The objective is to provide necessary central bank services for POP Banks and later extend the services when needed.
Bonum Bank continued to provide ACH Finlands payment transfer and settlement services for Aktia Bank, POP Banks and Saving Banks until the beginning of 2015.
Bonum Bank is supervised by the Financial Supervisory Authority, Snellmaninkatu 6, PO Box 103, FI-00101 Helsinki, (Tel) 010 183 51, www.finanssivalvonta.fi.
The bank is a member of the Federation of Finnish Financial Services, address Bulevardi 28, FI-00120 Helsinki, (Tel) 020 7934 200, www.fkl.fi.