Shares

You can invest in shares

1. by buying the shares of a company directly on the stock exchange or
2. indirectly by investing in equity and balanced funds or in investment bonds.

In addition, you can invest in equities by subscribing for shares in share issues or share sales where the present owners of the company sell part of their holdings to new investors.

The shares are in the form of book-entries and you will need a book-entry account  for them. The book-entry account will be opened in the bank. After your trades have been completed you will receive a calculation to help you to settle capital gains or losses in taxation.

In order to be able to trade, you will need the Investor's service in addition to the book-entry account. With the service you can submit buy and sell orders and monitor their status and the value of your investments.

Risk and return

The return on an equity investment is dependent on the long-term success of the issuing company. On the long term, it is likely that an equity investment will generate a better return than a fixed-income investment, despite share prices sometimes rising and falling drastically. 

The risks in equity investment are related to the general performance of the equity markets and the success of the issuing companies. Investments in foreign shares also constitute an exchange rate risk. Equity investors will gain a return from the dividends paid on the shares and from a rise in the shares' prices.

You can minimise risks by diversifying. You can reduce the company risk by spreading your investment over several companies and the market risk by investing some of your assets in fixed-income instruments. Funds are an excellent help in diversification. In addition, it is worth remembering time diversification. It means that shares should be bought and sold in several lots over a long period of time.

Trading in Netbank

Trading in equities is easy through Netbank

With the Investor's service in Netbank you can send buy and sell orders to the stock market and monitor their status and the value of your investments. In the service you will also have access to up-to-date information services, analyses and buy recommendations.

You can trade in over 20 different marketplaces and in more than 2,500 different equities. Trading in international equities is just as easy as trading in domestic ones: you can issue orders the same way.

Equities come as book-entries

An equity investor must open a book-entry account with the bank. Once a trade has been completed, the investor will be provided with a calculation of the trade, which is used to settle capital gains or losses in taxation.

Marketplaces

Using your Investor's service in Netbank, you can trade in the following market places and equities traded in the same currency as that of the stock exchange.

Price information from the Helsinki, Stockholm, Copenhagen and Oslo exchanges is displayed in real time and, for an extra fee, from USA.

Market places for trading

	Exchange	Currency	Trading hours (Finnish time)
Finland Equities, warrants, certificates, ETFs, option certificates, subscription rights	NASDAQ OMX HelsinkiOpens new window	EUR	10.00-18.30
Finland  Equities	First North FinlandOpens new window	EUR	10.15-18.20
Belgium Equities	Euronext BrusselsOpens new window	EUR	10.00-18.30
Spain Equities	Bolsa de MadridOpens new window	EUR	10.00-18.30
Netherlands Equities, ETFs	Euronext AmsterdamOpens new window	EUR	10.00-18.30
United Kingdom Equities, ETFs; Stamp duty*; Limit price in pence (GBP)	Lontoo LSEOpens new window	GBP	10.00-18.30
Italy  Equities	Borsa Italiana (Milano)Opens new window	EUR	10.00-18.30
Canada Equities	Toronto (TMX)Opens new window	CAD	16.30-23.00
Norway  Equities, ETFs	OslobörsOpens new window	NOK	10.00-17.30
Portugal Equities	Euronext LisbonOpens new window	EUR	10.00-18.30
France Equities, ETFs	Euronext ParisOpens new window	EUR	10.00-18.30
Sweden L, M and S list equities, ETFs	NASDAQ OMX StockholmOpens new window	SEK	10.00-18.30
Sweden Equities	First North StockholmOpens new window	SEK	10.15-18.20
Sweden  Equities	AktieTorgetOpens new window	SEK	10.00-18.30
Germany Equities, ETFs Settlement period T+2	XetraOpens new window	EUR	10.00-18.30
Switzerland Equities, ETFs	Zürich (SIX)Opens new window	CHF	10.00-18.30
Denmark L, M and S list equities	NASDAQ OMX CopenhagenOpens new window	DKK	10.00-18.00
Estonia Equities	NASDAQ OMXBalticOpens new window	EUR	10.00-16.00
United States Equities, ETFs	NyseOpens new window	USD	16.30-23.00
United States  Equities, ETFs	NasdaqOpens new window	USD	16.30-23.00
United States  Equities, ETFs	AmexOpens new window	USD	16.30-23.00
* A stamp duty of 0.5% is levied on all purchases of shares quoted on the London Stock Exchange.

Prices for trading and brokerage fees

See the amendments to our tariff as as of 1 October 2021
Opens new window

Brokerage fees for online trading

Courtage*
< 150 e	> 150 e	> 500 e	> 1 000 e	> 2 500 e
For trades over 800 euros 0.20 % min. 8 e	For trades over 800 euros 0.18 % min. 8 e	For trades over 500 euros 0.15 % min. 5 e	For trades over 500 euros 0.10 % min. 5 e	For trades over 300 euros 0.06 % min. 3 e
For trades under 800 euros 1 %**	For trades under 800 euros 1 %**	For trades under 500 euros 1 %**	For trades under 500 euros 1 %**	For trades under 300 euros 1 %**

* The courtage and sum of the brokerage fees is counter per quarter.

** The fee cap of 1% and the brokerage fees for transactions is only valid on the Nordic stock exchanges (Helsinki, Stockholm, Oslo, Copenhagen) and for ETF products (Exchange Traded Funds).

Customer service's brokerage fees

0.5 %, min. 40 e (all markets)

Branch's brokerage fees

1 %, min. 60 e (all markets)

Custody fees per customer types, VAT 24% included

Customer type	Courtage in last quarter	No courtage in last quarter
Private Banking customer	0	0
Personal customer	0	2,45
Corporate customer	0	2,95

Market-specific exceptions

In the foreign exchange trading with non-euro stocks (and funds) the currency fee is 0.3%. In addition:

• the London Stock Exchange charges a stamp duty of 0.5 % of the transaction price
• a transaction tax of 0.3 % is levied on the purchases of the shares of the largest listed companies in France. The tax is not levied on brokerage fees, and it is not applicable to sales of shares.
• a transaction tax of 0.2 % is levied on the purchases of the shares of the largest listed companies in Spain. The tax is not levied on brokerage fees, and it is not applicable to sales of shares.
  
• a transaction tax of 0.1 % is levied on trades of Italian shares. No tax is levied on brokerage fees.

The brokerage fee is 2 % (minimum 168.19 euros) in orders which cannot be transmitted automatically. The total fee charged from the seller, and in subscription right trading also from the buyer, is no more than half of the transaction price.

For orders that are valid for more than one day, the brokerage fee will be charged on the basis of the order's daily execution.