OP Financial GroupFinland
Created on: 2017-02-13 16:19:19
Last update: 2019-10-28 15:27:29
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About OP Financial Group

OP Financial Group, founded in 1891, is one of the largest financial institutions in Finland. It consists of 180 cooperative banks and their central organisation. It has over 1.4 million customer-owners. The group offers retail and commercial banking services as well as insurance services. In 2014 the group acquired the remainder of the shares of Pohjola Bank, which it consolidated under the OP brand. OP’s headquarters are located in Vallila, Helsinki and opened in 2015. OP Financial Group became an Equator Principles signatory in December 2016. BankTrack profiled this financial institution as part of our Equator Principles Track and Chase Project.

Website http://www.op.fi
Headquarters
Teollisuuskatu 1b 00510
00510 Helsinki
Finland
CEO/chair Timo Ritakallio
President and Group CEO
Supervisor
Finnish Financial Supervisory Authority
Annual report Annual integrated report 2018
Ownership

The Group consists of independent member cooperative banks which are owned by their customers.

Related Dodgy Deals

OP Financial Group has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Companies - active profiles

Fortum Finland profile

energy plants - coal | energy plants - nuclear | energy plants - renewables | oil and gas
Debt – corporate loan
EUR 1.75 billion
17 June 2016
Co-financed EUR 1.75 billion revolving credit facility
source: Fortum press release
link

UPM-Kymmene Finland profile

forestry - pulp and paper
Debt – corporate loan
EUR 750 million
March 2020 - March 2025
Co-financed EUR 750 million credit facility
source: UPM-Kymmene
link
Debt – corporate loan
USD 32 million
2011 - 2017
Loans and underwriting between 2011 and 2017
source: Profundo, 2017
There are no active companies for OP Financial Group now.

Dodgy Deals map

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blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA

Documents

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Year:
csr policies

Exclusion list November 2019

2019-11-01 00:00:00 | OP Asset Management
annual reports

Annual integrated report 2018

2019-07-31 00:00:00 | OP Financial Group
csr policies

Principles for responsible investment

2019-01-31 00:00:00 | OP Asset Management
csr policies

Code of business ethics

Date listed represents date as accessed on website
2018-11-01 00:00:00 | OP Financial Group
bank documents

Excluded companies list

2018-08-01 00:00:00 | OP Financial Group
annual reports

Annual integrated report 2017

2018-03-31 00:00:00 | OP Financial Group
annual reports

Annual integrated report 2016

2017-03-31 00:00:00 | OP Financial Group
annual reports

Annual report 2015

2016-03-31 00:00:00 | OP Financial Group
annual reports

CSR Report 2015

2016-03-31 00:00:00 | OP Financial Group

Policies

Voluntary initiatives

OP Financial Group has committed itself to the following voluntary standards:

Investment policies

OP Financial Group's webpage on corporate social responsibility can be accessed here.

Year:
csr policies

Exclusion list November 2019

2019-11-01 00:00:00 | OP Asset Management
csr policies

Principles for responsible investment

2019-01-31 00:00:00 | OP Asset Management
csr policies

Code of business ethics

Date listed represents date as accessed on website
2018-11-01 00:00:00 | OP Financial Group

Equator Principles

Implementation and reporting

Contact and complaints

Good moves

Year: