OP Financial Group offers a wide range of financial services that cater to various needs. The group provides banking services, insurance, and other financial products through its subsidiaries.
One of the notable services offered by OP Financial Group is banking. OP Bank, a subsidiary of the group, is one of the largest banks in Finland, with a strong presence in the country.
OP Financial Group also offers insurance services through its subsidiary, OP Insurance. The insurance company provides a variety of insurance products, including life insurance and non-life insurance.
OP Financial Group's financial services are designed to be comprehensive and convenient, making it easier for customers to manage their finances.
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About the Group
OP Financial Group is a Finnish financial services group. It's one of the largest financial institutions in Europe.
The group was founded in 1932 as a savings bank. OP Financial Group has over 4 million customers.
It offers a wide range of financial services, including banking, insurance, and investments. OP Financial Group has a strong presence in Finland, with a large network of branches and ATMs.
The group has a significant stake in the Finnish economy, with a large portfolio of assets and investments. OP Financial Group is committed to responsible and sustainable business practices.
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Financial Services
OP Financial Group offers a wide range of financial services to its members, including banking, insurance, and investment products.
Their banking services include current accounts, savings accounts, and loans, with a focus on providing competitive interest rates and flexible repayment terms.
Members can also take advantage of OP Financial Group's insurance services, which include life insurance, home insurance, and travel insurance.
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Corporate Bank
OP Corporate Bank is the most significant subsidiary of OP Financial Group. It serves large companies in Finland and offers financial services in Estonia, Latvia, and Lithuania.
OP Corporate Bank acts as the OP Financial Group's central bank, providing a hub for financial services.
Katja Keitaanniemi has been the President and CEO of OP Corporate Bank since 2018, overseeing its operations and strategy.
Investments
OP Financial Group has made a significant number of investments, with a total of 16 investments under their belt. Their latest investment was in ESL Shipping as part of their Unattributed on February 08, 2024.
OP Financial Group's investment portfolio is quite impressive, with 16 investments to date.
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Industry and Comparison
OP Financial Group is part of a larger banking industry, which can be a bit overwhelming. OP Financial Group has a relatively low ESG risk rating of 12.9, which is good news.
In terms of industry ranking, OP Financial Group comes in at 82 out of 1026. This puts it in a solid middle ground compared to its peers.
Here's a brief comparison of OP Financial Group with some of its industry peers:
Latest News
OP Financial Group, Finland's largest financial services group, has recently elected new members to its Board of Directors.
Jaana Reimasto-Heiskanen has been elected as a new member, bringing with her extensive experience in managing OP cooperative banks since 2003. She has also worked as a Development Manager at OP-Pohjola Group Central Cooperative and held positions in asset management and financing services.
OP Financial Group has over 14,000 employees and more than two million owner-customers. It provides a comprehensive range of banking and insurance services for personal and corporate customers.
The group's mission is to promote the sustainable prosperity, security, and wellbeing of its owner-customers and operating region. This mission has been in place for 120 years, with OP Financial Group building Finnish society and a sustainable future together with its owner-customers.
Industry Comparison
In the banking industry, ESG (Environmental, Social, and Governance) risk ratings play a significant role in assessing a company's performance. Luminor Bank AS, for example, has a low ESG risk rating of 12.6.
Luminor Bank AS ranks 73 out of 1026 in the industry, which is a notable position.
BPER Banca SpA has a slightly higher ESG risk rating of 12.7, indicating a slightly higher level of risk.
OP Financial Group ranks 82 out of 1026, placing it above Luminor Bank AS in terms of industry rank.
Raiffeisenbank as has an ESG risk rating of 13.4, which is higher than all the mentioned banks, but still classified as low.
Here is a summary of the companies' ESG risk ratings and industry ranks:
Fund Histories
OP Financial Group has a total of 2 funds, which is a relatively small number compared to some other financial institutions.
One of these funds is the OP Financial Group Infrastructure Fund, which was established on August 13, 2021.
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This fund has a significant amount of money, with a closing amount of $186.13 million.
Another fund, OP Financial Group I, was established earlier, on July 17, 2020.
However, the amount of money in this fund is unknown, as it is listed as $XXM.
Here is a table summarizing the fund histories:
Frequently Asked Questions
Who owns OP Financial Group?
OP Financial Group is owned by its customers. This unique ownership structure makes it one of the largest customer-owned financial services groups in the world.
What is the full form of OP bank?
The full form of OP bank is "Osuuspankki", which translates to "cooperative bank" in English. It's a financial group with over 2 million customer-owners in Finland.
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