We will follow a normal profit distribution schedule for the payment of interest on Profit Shares. This involves paying interest for each year in June of the following year, if the distribution criteria are fulfilled. Interest payable on Profit Shares for 2021 is 3.25%.
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 for which an annual return target is set. The return target for 2022 is 4.45% in honour of OP Financial Group’s 120th anniversary.