osuuspankki

Osuuspankki, commonly known as OP Financial Group, is a Finnish customer-owned financial services group. It comprises OP Osuuskunta, the central cooperative, and a network of regional member banks that operate under the OP brand. The group provides a broad range of financial services, including retail banking (payments, accounts, mortgages, consumer loans), corporate banking, life and non-life insurance, asset management, and investment services.

Operations are concentrated in Finland, where the group serves individuals, households, and businesses through its branch network and digital channels. It is the largest financial services provider in Finland by market share and customer base.

History and ownership: The OP group traces its roots to cooperative savings banks founded in the late 19th and early 20th centuries, which gradually unified into the OP network. In the 2010s the group adopted the OP Financial Group branding and reorganized its structure. Ownership rests with its customers, who are members of the cooperative. Profits are used to strengthen the group and its services for member-owners rather than distributed to external shareholders.

Regulation and position: It operates under Finnish financial regulation and is supervised by Finanssivalvonta (the Financial Supervisory Authority) and the Bank of Finland as applicable. The group competes with other Finnish banks and international financial institutions and engages in sustainability and responsible finance initiatives.