Op Pohjola Group
OP Financial Group headquarters in Vallila, Helsinki | |
| Type | Private (cooperative bank) |
|---|---|
| Industry | Financial Services |
| Headquarters | Helsinki, Finland |
| Finland | |
Key people | Timo Ritakallio (President and Group Executive Chairman) |
| Products | Banking, Insurance |
| Revenue | €3.115 billion (2017)[1] |
| €1.077 billion (2017)[1] | |
| €764 million (2017)[1] | |
| Total assets | €137.242 billion (31 December 2017)[1] |
| Total equity | €11.121 billion (31 December 2017)[1] |
| 12,269 (31 December 2017)[1] | |
| Subsidiaries | OP Bank Group Central Co-operative, Pohjola Bank, Helsingin OP Pankki, OP-Kotipankki |
| Website | www.op.fi |
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- Co-operative banks OP-Pohjola Group. The OP-Pohjola Group is a central corporation of co-operative banks. The member cooperative banks of the OP-Pohjola Group are independent, local deposit banks that are engaged in retail banking. There are 229 member cooperative banks, each operating in a local region.
- OP's goal is to find an ideal solution for each customer's savings and investment needs. Wealth Management business divisions consist of Private Customers, Corporate Customers, Investment, and Wealth Management Products. Pohjola Hospital is an independent, OP Financial Group hospital to which all private and corporate customers are welcome.
OP Financial Group is one of the largest financial companies in Finland. It consists of 180 cooperative banks and their central organization. “OP” stands for “osuuspankki” in Finnish, literally “cooperative bank”. The financial group has over 1.4 million customer-owners. The group offers retail and commercial banking services all over Finland as well as insurance services.[2]
In 2014 the group acquired the remainder of the shares of Pohjola Bank and consolidated its services under the OP brand. Therefore, OP-Pohjola shortened its name OP.[3]
OP’s new headquarters is located in Vallila, Helsinki, and opened in 2015.
History[edit]
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 Helsinki Stock Exchange in 1922, one of the first companies to be listed in Helsinki.
Op Pohjola Group Llc
The first local cooperative credit societies was founded in 1902 after it received a large loan from the Finnish state. The central organization for cooperatives was founded in 1928 as an ideological organization between local branches. Since the business environment has changed and banking regulation has tightened, the central organization has increased its influence on local banks significantly.
Op Pohjola Pankki
In 2005 the central organization of OP Financial Group became a major shareholder of Pohjola Bank, which made the group the largest financial service group in Finland. The remainder of the shares were acquired in 2014.[4]
Healthcare[edit]
In 2014 OP announced plans to expand into the health and wellbeing market. It already operates one hospital in the Helsinki region but plans to open new ones in the near future under the Pohjola brand, which is no longer in use in banking.[5]
Op Pohjola Vahinkoilmoitus
References[edit]
- ^ abcdef(PDF). OP Financial Group https://op-year2017.fi/filebank/484-OP_Ryhma_Toimintakertomus_ja_tilinpaatos_2017.pdf. Retrieved 2 March 2019.Missing or empty
title=(help) - ^OP Financial Group in brief Retrieved on 10 January 2015
- ^https://www.op.fi/op/op-pohjola-group/media?cid=-66107&kielikoodi=en&srcpl=3
- ^OP's History Retrieved on 11 January 2015
- ^OP to build a new hospital network in Finland under the Pohjola brand Retrieved on 10 January 2015
OP Group
OP is Finland's leading financial services group providing a variety of banking, non-life insurance and asset management services to its business and institutional clients, as well as a wide range of banking and insurance services for individuals. In Estonia, OP operates as a corporate bank for large and medium-sized enterprises. Our financial services portfolio consists of loans, guarantees, trade finance and leasing and factoring solutions. In addition, we aim to find the most suitable customer solutions for efficient and productive cash management. We provide our customers with solutions for cash flow and currency exposure management, short-term needs for working capital and surplus management.
Op Pohjola Group Definition
OP is a financial services group whose 100-year-old mission and core values remain unchanged. As a cooperative company, our actions are guided by a dual role: In our business role, we take care of our earnings, capital adequacy and efficiency. In our social role, we promote the wellbeing and prosperity of our customers and operating region.