Created on: 2017-02-13 16:19:19
Last update: 2017-04-18 12:38:53
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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. At the end of 2015 the OP Financial Group controlled assets worth EUR 145.1 billion.
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.
Reijo Karhinen |
President and Group CEO
Annual report 2015|
CSR Report 2015
The Group consists of some 180 independent member cooperative banks and OP Cooperative which they own, including its subsidiaries and closely related companies. The banks have the corporate form of a cooperative, in which the decision-making include the one member, one vote principle. A person can become an owner-member by paying a cooperative contribution.
Voluntary initiativesOP Financial Group has committed itself to the following voluntary standards:
An overview of OP Financial Group's investment policies can be seen here.
OP Financial Group and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. OP Financial Group adopted the Equator Principles in 2016.
Reporting on the Equator Principles
OP Financial Group must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- OP Financial Group is in compliance with its reporting obligations. OP Financial Group is still in its grace period.