Strategy

Strategy

Business divisions

OP Financial Group's business segments are Banking, Non-life Insurance and Wealth Management.

Loyalty benefits

In accordance with its mission, OP owned by its customers creates prosperity and wellbeing for its owner-customers and in its operating regions.

History

For over 110 years, OP Financial Group has been building Finnish society and enhanced our national prosperity.

Foundations

OP Financial Group manages three foundations in the field of art and science.

Key figures and ratios

Here you can find OP Financial Group's key indicators.

Cooperative bases

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

Pension services

In Finnish

OP Agile

Presentation of group member cooperative banks

OP Financial Group includes approximately 180 independent member cooperative banks operating throughout Finland.

Group member banks' own websites

Here you can find the website of each OP cooperative bank.

Cooperative bank federations

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

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.

OP Financial Group's General Procurement Terms and Conditions

In its procurement, OP applies OP Financial Group's General Procurement Terms and Conditions.

Supplier cooperation

OP has begun using system-supported procurement covering both supplier selection and management as well as order-based purchasing processes.

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 Meeing

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.

OP Ryhmän johdon yhteystiedot

OP Ryhmän johdon puhelinnumerot ja sähköpostiosoitteet.