OP Financial Group
one of the largest financial companies in Finland
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 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.
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.
OP's current headquarters are located in Vallila, Helsinki, and opened in 2015.
OP has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.
History
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, being one of the first companies to be listed in Helsinki.
The first local cooperative credit societies were founded in 1902 and received a large loan from the Finnish state the next year.
“OP Financial Group” enters the record as one of the largest financial companies in Finland. Crown Archives preserves that source wording while asking what Financial, Group and largest can confirm, complicate or overturn.
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This entry incorporates text from “OP Financial Group” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.