OP Financial Group

{{Short description|Financial company in Finland}}

{{Infobox company

| name = OP Financial Group

| logo = OP Financial Group.svg

| logo_size = 100 px

| image = 0591 OP Financial Group Vallila 3.JPG

| image_caption = OP Financial Group headquarters in Vallila, Helsinki

| type = Private (cooperative bank)

| foundation =

| location = Helsinki, Finland

| key_people = Timo Ritakallio (President and Group Executive Chairman)

| area_served = Finland

| industry = Financial services

| products = Banking, Insurance

| revenue = {{increase}} €3.115 billion (2017)

| operating_income = {{decrease}} €1.077 billion (2017){{Cite web|year=2017|title=OP Ryhmän toimintakertomus ja tilinpäätös 2017|trans-title=OP Financial Group 's Report by the Board of Directors and Financial Statements 2017|url=https://op-year2017.fi/filebank/484-OP_Ryhma_Toimintakertomus_ja_tilinpaatos_2017.pdf|website=OP Financial Group|access-date=2 March 2019|language=fi}}

| profit = {{decrease}} €764 million (2017)

| assets = {{increase}} €137.242 billion (31 December 2017)

| equity = {{increase}} €11.121 billion (31 December 2017)

| num_employees = 12,269 (31 December 2017)

| parent =

| subsid = OP Bank Group Central Co-operative, OP Corporate Bank, Pohjola Bank, Helsingin OP Pankki, OP-Kotipankki

| homepage = [http://www.op.fi www.op.fi]

| footnotes =

}}

File:OP-Pohjola HQ January 31 2009.jpg, Helsinki]]

OP Financial Group is one of the largest financial companies in Finland. It consists of 180 cooperative banks and their central organization. "OP" stands for "osuuspankki" in Finnish, literally meaning "cooperative bank". The financial group has over 2 million customer-owners,{{cite web |title=OP Financial Group in brief |url=https://www.op.fi/op-financial-group/about-us/op-in-brief |access-date=30 July 2021}} offering retail and commercial banking services all over Finland, as well as insurance services.[https://www.op.fi/op?id=80100&_nfpb=true OP Financial Group in brief] Retrieved on 10 January 2015

In 2014 the group acquired the remainder of the shares of Pohjola Bank and consolidated its services under the OP brand, shortening its name to OP from OP-Pohjola, a name it had used since 2007.[https://www.op.fi/op/op-pohjola-group/media?cid=-66107&kielikoodi=en&srcpl=3 Pohjola shares removed from the book-entry system]. op.fi, {{Archive url|url=https://web.archive.org/web/20160821052058/https://www.op.fi/op/op-pohjola-group/media?cid=-66107&kielikoodi=en&srcpl=3|date=2016-08-21}}

OP's current headquarters are located in Vallila, Helsinki, and opened in 2015.

OP has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.{{cite web |website=European Central Bank |title=The list of significant supervised entities and the list of less significant institutions |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm-listofsupervisedentities1409en.pdf |date={{date|2014/09/04}} }}{{cite web |website=European Central Bank |title=List of supervised entities |date={{date|2023/01/01}} |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.listofsupervisedentities202302.en.pdf }}