The European Central Bank announced on 23 July 2021 that the recommendation limiting banks’ profit distribution will expire at the end of September 2021. We are preparing to pay the interest on Profit Shares for 2020 after 30 September 2021. We will provide more detailed information on the schedule of the interest payment later in the autumn.
OP cooperative bank’s Profit Share
Profit Shares are long-term equity contributions made by OP cooperative banks’ owner-customers to their local OP cooperative banks. A return target is set annually on Profit Shares. For 2020, this target was 3.25 per cent.