About us - Directory

OP in brief

Our mission is to promote the sustainable prosperity, security and wellbeing of our owner-customers and operating region. Read more!

Corporate governance

OP Ryhmän hallinnoinnin etusivu.

Cooperative bank federations

The cooperative bank federations are regional cooperation bodies for the member cooperative banks.

OP Financial Group and its cooperative bases

OP's cooperative values emphasise People-first approach, Responsibility and Prospering together.

Procurement

OP Ryhmän hankinnan etusivu.

OP Financial Group contact information

OP Financial Group switchboard, marketing and advertising, sponsorship and partnership and other contact information.

OP Historical Foundation

Our historical foundation cherishes OP Financial Group’s heritage, and maintains and develops OP Museum. Read more!

Foundations

Foundations established by OP Financial Group.

Anti-financial Crime

As one of Finland’s largest providers of financial services, OP Financial Group plays an important societal role in combating financial crime. We take this responsibility seriously.

OP Procurement

OP Financial Group's procurement is managed by OP Procurement, our centralised procurement organisation.

Invoicing

Electronic invoicing (e-invoicing) speeds up and enhances the process, reduces errors in invoice processing and generates cost savings to both parties.

CSR requirements for suppliers

In supplying services or goods to OP Financial Group, suppliers must comply with these supply chain requirements, OP Financial Group's General Procurement Terms and Conditions and Code of Business Ethics as well as applicable laws and international agreements.

Supply chain requirements

OP Financial Group's suppliers are evaluated in competitive tendering and during long-term cooperation.

Supplier cooperation

We use the SAP Ariba sourcing system for our purchases and cooperation with suppliers. The system is used to manage tenders, contracts, and supplier information and purchase orders.

External workforce background checks

OP Financial Group performs the following external workforce background checks or some of them: drug screening test, credit history check and the security clearance carried out by the Finnish Security Intelligence Service.

SAP Ariba FAQ

Usein kysytyt kysymykset ja vastaukset SAP Aribasta

Governance system

OP Financial Group's corporate governance is based on Finnish legislation, the Finnish Corporate Governance Code and the Group's own corporate governance recommendations

Group structure

OP Financial Group is a cooperative financial services group formed by independent cooperative banks and the Group's central cooperative with its subsidiaries operating under the principle of joint and several liability.

Supervisory Board

The Supervisory Board shall supervise the central cooperative's corporate governance, managed by the Executive Board and the CEO.

Executive Board

Executive Board

Management System

In the entire central cooperative consolidated, decisions are made as extensively as possible at Group level by the central cooperative's Executive Board.

Internal and external control

Effective and reliable internal control forms the basis for compliance with sound and prudent business practices.

Remuneration

Within OP Financial Group, financial remuneration consists of fixed and variable remuneration.

Financial reporting

Financial Reporting Process

Cooperative Meeting

The Cooperative Meeting is OP Cooperative's highest decision-making body.

Insider Management

Entities providing OP Financial Group's investment service, such as member credit institutions, have their own Guidelines for Insiders and Insider Trading.

Contact information of OP Financial Group’s management

Phone numbers and email addresses of OP Financial Group’s senior management

Board of Directors

The Board of Directors of OP Financial Group’s central cooperative (OP Cooperative) controls and supervises the operations of the central cooperative, the central cooperative consolidated and OP Financial Group.