36:
263:
27:
1342:
587:
213:
193:
173:
153:
133:
326:
The first local cooperative credit societies were founded in 1902 and received a large loan from the
Finnish state the next year. The central organization for cooperatives was founded in 1928 as an ideological organization between local branches. As the business environment has changed and banking
350:
OP Corporate Bank's customers are large companies in
Finland. It is responsible for the Baltic business, operating as a bank for large companies and conducting financial services in Estonia, Latvia and Lithuania. In addition, OP Corporate Bank offers financial services in internationalization. OP
285:
and their central organization. "OP" stands for "osuuspankki" in
Finnish, literally meaning "cooperative bank". The financial group has over 2 million customer-owners, offering retail and commercial banking services all over Finland, as well as insurance services.
330:
In 2005 the central organization of OP Financial Group became a major shareholder of
Pohjola Bank, which made the group the largest financial services group in Finland. The remainder of the shares were acquired in 2014.
1038:
1133:
289:
In 2014 the group acquired the remainder of the shares of
Pohjola Bank and consolidated its services under the OP brand, shortening its name to OP from OP-Pohjola, a name it had used since 2007.
1543:
529:
339:
In 2014 OP announced plans to expand into the health and wellbeing market. It operated a hospital in the
Helsinki region. In 2021 it cancelled the plan and sold the hospital.
1175:
575:
319:
The company's predecessor was founded in 1891 when the fire insurance company
Palovakuutus-Osakeyhtiö Pohjola commenced its operations. Pohjola Bank was listed on the
455:
553:
1331:
978:
568:
1513:
543:
1059:
806:
512:
667:
561:
1437:
1008:
611:
1385:
1528:
1324:
492:
1538:
1200:
636:
471:
583:
1064:
1518:
1309:
385:
1523:
1317:
447:
145:
1533:
606:
1170:
1117:
983:
869:
631:
626:
327:
regulation has tightened, the central organization has increased its influence on local banks significantly.
530:"Structure of OP Financial Group and OP Corporate Bank Group - Corporate governance (OP Corporate Bank PLC)"
304:
1123:
1018:
816:
1508:
993:
1407:
988:
801:
592:
920:
320:
719:
641:
388:[OP Financial Group 's Report by the Board of Directors and Financial Statements 2017]
1091:
791:
308:
415:
472:"The list of significant supervised entities and the list of less significant institutions"
1339:
8:
859:
282:
1270:
952:
884:
662:
354:
71:
796:
915:
811:
243:
35:
1149:
1023:
616:
205:
60:
745:
303:
OP has been designated as a
Significant Institution since the entry into force of
1365:
1345:
1264:
1185:
1033:
957:
832:
459:
56:
347:
OP Corporate Bank Plc is the most significant subsidiary of OP Financial Group.
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1275:
1205:
1180:
1128:
844:
688:
435:
1412:
1502:
1487:
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1231:
854:
838:
693:
267:
1427:
1028:
760:
1375:
1452:
1297:
1281:
1069:
998:
849:
786:
781:
709:
1462:
1402:
1013:
910:
740:
237:
165:
1472:
1442:
1390:
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1236:
1210:
1195:
1190:
1043:
1003:
894:
879:
714:
121:
26:
323:
in 1922, being one of the first companies to be listed in
Helsinki.
1360:
1259:
1241:
1101:
1096:
1086:
936:
672:
621:
351:
Corporate Bank also acts as the OP Financial Group's central bank.
297:
81:
45:
544:"President and CEO - Corporate governance (OP Corporate Bank PLC)"
1349:
1292:
1215:
864:
750:
724:
657:
307:
in late 2014, and as a consequence is directly supervised by the
293:
278:
117:
97:
85:
41:
357:
has been the
President and CEO of OP Corporate Bank since 2018.
1482:
1432:
1370:
1165:
962:
874:
765:
755:
586:
1422:
1417:
1380:
185:
1544:
Banks under direct supervision of the European Central Bank
1457:
1397:
889:
513:
Pohjola Insurance to sell hospital chain to Pihlajalinna
109:
Timo Ritakallio (President and Group Executive Chairman)
254:
246:, Pohjola Bank, Helsingin OP Pankki, OP-Kotipankki
448:Pohjola shares removed from the book-entry system
1500:
386:"OP Ryhmän toimintakertomus ja tilinpäätös 2017"
1325:
569:
277:is one of the largest financial companies in
1332:
1318:
576:
562:
34:
292:OP's current headquarters are located in
380:
378:
376:
374:
372:
370:
266:Former OP-Pohjola Group headquarters in
261:
1514:Financial services companies of Finland
524:
522:
520:
1501:
1313:
557:
367:
517:
342:
242:OP Bank Group Central Co-operative,
637:Raiffeisenlandesbank Oberösterreich
40:OP Financial Group headquarters in
13:
1276:JPMorgan Chase Bank, London Branch
1065:Banque Internationale Ă Luxembourg
14:
1555:
1340:
585:
212:
211:
192:
191:
172:
171:
152:
151:
132:
131:
25:
984:Banca Monte dei Paschi di Siena
1529:1902 establishments in Finland
1039:Raiffeisen Landesbank SĂĽdtirol
536:
506:
485:
464:
441:
429:
408:
1:
1539:Cooperative banking in Europe
880:SECB Swiss Euro Clearing Bank
632:Raiffeisen Bank International
627:Oesterreichische Nationalbank
607:Bank fĂĽr Tirol und Vorarlberg
493:"List of supervised entities"
416:"OP Financial Group in brief"
360:
334:
870:Landesbank Baden-WĂĽrttemberg
438:Retrieved on 10 January 2015
305:European Banking Supervision
16:Financial company in Finland
7:
1519:Companies based in Helsinki
1019:Cassa di Risparmio di Fermo
875:Landesbank Hessen-ThĂĽringen
436:OP Financial Group in brief
10:
1560:
314:
1524:Banks established in 1902
1356:
1250:
1224:
1176:Banco Cooperativo Español
1158:
1142:
1110:
1079:
1052:
994:Banca Popolare di Sondrio
971:
945:
929:
903:
825:
774:
733:
702:
681:
650:
599:
250:
236:
223:
203:
183:
163:
143:
127:
113:
103:
91:
77:
67:
52:
33:
24:
989:Banca Popolare del Lazio
593:Euro Banking Association
1534:Cooperatives in Finland
921:National Bank of Greece
321:Helsinki Stock Exchange
1070:Gazprombank Luxembourg
833:Bank of America Europe
642:UniCredit Bank Austria
300:, and opened in 2015.
271:
1092:De Nederlandsche Bank
792:BRED Banque Populaire
500:European Central Bank
479:European Central Bank
309:European Central Bank
281:. It consists of 180
265:
720:Sparekassen Sjælland
860:Deutsche Bundesbank
802:Crédit Mutuel Arkéa
481:. 4 September 2014.
225:Number of employees
21:
953:Allied Irish Banks
885:Standard Chartered
663:BNP Paribas Fortis
458:2016-08-21 at the
396:(in Finnish). 2017
394:OP Financial Group
355:Katja Keitaanniemi
275:OP Financial Group
272:
231:(31 December 2017)
218:(31 December 2017)
198:(31 December 2017)
72:Financial services
20:OP Financial Group
19:
1496:
1495:
1438:Orion Corporation
1307:
1306:
916:Eurobank Ergasias
812:La Banque postale
502:. 1 January 2023.
343:OP Corporate Bank
283:cooperative banks
260:
259:
244:OP Corporate Bank
232:
219:
199:
196:€137.242 billion
179:
159:
139:
1551:
1509:Banks of Finland
1394:
1344:
1343:
1334:
1327:
1320:
1311:
1310:
1150:Bank of Slovenia
1134:CrĂ©dito AgrĂcola
1118:Banco BAI Europa
1024:Credito Emiliano
979:Banca del Fucino
817:Société Générale
617:Erste Group Bank
590:
589:
578:
571:
564:
555:
554:
548:
547:
540:
534:
533:
526:
515:
510:
504:
503:
497:
489:
483:
482:
476:
468:
462:
445:
439:
433:
427:
426:
424:
422:
412:
406:
405:
403:
401:
391:
382:
230:
217:
216:€11.121 billion
215:
214:
208:
197:
195:
194:
188:
177:
175:
174:
157:
155:
154:
146:Operating income
137:
135:
134:
61:cooperative bank
38:
29:
22:
18:
1559:
1558:
1554:
1553:
1552:
1550:
1549:
1548:
1499:
1498:
1497:
1492:
1388:
1352:
1346:OMX Helsinki 25
1341:
1338:
1308:
1303:
1265:Citibank Europe
1252:
1246:
1220:
1186:Banco Santander
1154:
1138:
1106:
1075:
1048:
1034:Intesa Sanpaolo
967:
958:Bank of Ireland
941:
925:
899:
821:
797:Crédit Agricole
770:
729:
698:
677:
646:
595:
591:Members of the
584:
582:
552:
551:
542:
541:
537:
528:
527:
518:
511:
507:
495:
491:
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460:Wayback Machine
446:
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399:
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389:
384:
383:
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363:
345:
337:
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226:
204:
184:
168:
156:€1.077 billion
148:
136:€3.115 billion
106:
94:
48:
17:
12:
11:
5:
1557:
1547:
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1218:
1213:
1208:
1206:Ibercaja Banco
1203:
1198:
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1188:
1183:
1181:Banco Sabadell
1178:
1173:
1168:
1162:
1160:
1156:
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1146:
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1129:Banco Montepio
1126:
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845:Berenberg Bank
842:
836:
829:
827:
823:
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819:
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763:
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730:
728:
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715:Spar Nord Bank
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689:Bank of Cyprus
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1348:companies of
1347:
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1330:
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1316:
1315:
1312:
1299:
1296:
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1263:
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1255:
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1243:
1240:
1238:
1235:
1233:
1232:Handelsbanken
1230:
1229:
1227:
1223:
1217:
1216:Unicaja Banco
1214:
1212:
1209:
1207:
1204:
1202:
1199:
1197:
1194:
1192:
1189:
1187:
1184:
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1125:
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985:
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977:
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964:
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902:
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891:
888:
886:
883:
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878:
876:
873:
871:
868:
866:
863:
861:
858:
856:
855:Deutsche Bank
853:
851:
848:
846:
843:
840:
839:Bank of China
837:
834:
831:
830:
828:
824:
818:
815:
813:
810:
808:
807:My Money Bank
805:
803:
800:
798:
795:
793:
790:
788:
785:
783:
780:
779:
777:
773:
767:
764:
762:
759:
757:
754:
752:
749:
747:
746:Bank of Ă…land
744:
742:
739:
738:
736:
732:
726:
723:
721:
718:
716:
713:
711:
708:
707:
705:
701:
695:
694:Hellenic Bank
692:
690:
687:
686:
684:
680:
674:
671:
669:
666:
664:
661:
659:
656:
655:
653:
649:
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638:
635:
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628:
625:
623:
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618:
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613:
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604:
602:
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579:
574:
572:
567:
565:
560:
559:
556:
545:
539:
531:
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523:
521:
514:
509:
501:
494:
488:
480:
473:
467:
461:
457:
453:
449:
444:
437:
432:
417:
411:
395:
387:
381:
379:
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375:
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371:
366:
358:
356:
352:
348:
340:
332:
328:
324:
322:
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301:
299:
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284:
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256:
253:
249:
245:
241:
239:
235:
228:
222:
210:
207:
202:
190:
187:
182:
176:€764 million
170:
167:
162:
150:
147:
142:
130:
126:
123:
119:
116:
112:
108:
102:
99:
96:
90:
87:
83:
80:
76:
73:
70:
66:
62:
58:
55:
51:
47:
43:
37:
32:
28:
23:
1428:Nokian Tyres
1029:ICCREA Banca
761:Pohjola Bank
538:
508:
499:
487:
478:
466:
451:
443:
431:
419:. Retrieved
410:
398:. Retrieved
393:
353:
349:
346:
338:
329:
325:
318:
302:
291:
288:
274:
273:
238:Subsidiaries
206:Total equity
186:Total assets
78:Headquarters
53:Company type
1413:Metsä Board
1389: [
1298:Wells Fargo
1282:Lloyds Bank
1080:Netherlands
999:Banca Sella
850:Commerzbank
782:BNP Paribas
756:Nordea Bank
710:Danske Bank
93:Area served
1503:Categories
1463:Stora Enso
1403:Konecranes
1060:Spuerkeess
1053:Luxembourg
1014:BPER Banca
911:Alpha Bank
890:UBS Europe
741:Aktia Bank
668:bpost bank
361:References
335:Healthcare
270:, Helsinki
268:Niemenmäki
166:Net income
105:Key people
1473:Tietoevry
1443:Outokumpu
1376:Huhtamäki
1287:MUFG Bank
1271:HSBC Bank
1211:Kutxabank
1196:CaixaBank
1191:Bankinter
1124:Banco BCP
1044:UniCredit
1004:Banco BPM
895:Unicredit
255:www.op.fi
122:Insurance
1488:Wärtsilä
1448:Qt Group
1361:Cargotec
1260:Barclays
1242:Swedbank
1201:Cecabank
1143:Slovenia
1111:Portugal
1102:Rabobank
1097:ING Bank
1087:ABN AMRO
1009:BFF Bank
937:OTP Bank
751:DnB Bank
673:KBC Bank
622:Oberbank
612:BKS Bank
456:Archived
298:Helsinki
114:Products
82:Helsinki
68:Industry
46:Helsinki
1350:Finland
1293:NatWest
1253:Kingdom
946:Ireland
930:Hungary
865:DZ Bank
826:Germany
734:Finland
725:Sydbank
703:Denmark
658:Belfius
651:Belgium
600:Austria
421:30 July
400:2 March
315:History
294:Vallila
279:Finland
251:Website
229:12,269
128:Revenue
118:Banking
98:Finland
86:Finland
57:Private
42:Vallila
1483:Valmet
1433:Nordea
1386:Kojamo
1371:Fortum
1251:United
1225:Sweden
1166:Abanca
963:Elavon
904:Greece
775:France
766:S-Bank
682:Cyprus
178:(2017)
158:(2017)
138:(2017)
1468:Telia
1453:Sampo
1423:Nokia
1418:Neste
1408:Metso
1393:]
1381:Kesko
1366:Elisa
1300:(USA)
1289:(JPN)
1278:(USA)
1267:(USA)
1159:Spain
1120:(AGO)
1072:(RUS)
972:Italy
841:(CHN)
835:(USA)
496:(PDF)
475:(PDF)
452:op.fi
390:(PDF)
1458:SSAB
1398:KONE
1171:BBVA
787:BPCE
423:2021
402:2019
1478:UPM
1237:SEB
454:,
1505::
1391:fi
519:^
498:.
477:.
450:.
392:.
369:^
311:.
296:,
120:,
84:,
44:,
1333:e
1326:t
1319:v
577:e
570:t
563:v
546:.
532:.
425:.
404:.
63:)
59:(
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