OP Financial Group - Company Profile
Powered by 
All the sales intelligence you need on OP Financial Group in one solution.
- Save hours of research time with a comprehensive
Sales Intelligence Solution.
- Understand how OP Financial Group fits into your total
addressable market and Ideal Customer Profile.
- Gain competitive edge with triggers that tell you
when and how to engage with OP Financial Group.
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
OP Financial Group (OP Financial) is a cooperative financial services group that offers banking, non-life insurance, and wealth management solutions. Its major products and services include loans, savings and investment products, cash management, financing, coverage for life, motor vehicles, homes, and other properties, accidents, health, travel, and home contents, among others. OP Financial serves a diverse customer base, including private individuals, small and medium-sized enterprises (SMEs), corporate and institutional clients, providing services such as loans, savings, investments, and risk management. The group utilizes a wide-reaching local service network and digital channels to distribute its services. OP Financial's geographic focus includes Finland and the Baltic countries, targeting both local and international markets. OP Financial is headquartered in Helsinki, Lapland, Finland.
Headquarters
Finland
Address
Gebhardinaukio 1, Helsinki, Lapland, FI-00101
Website
https://www.op.fi/
Telephone
358 10 252010
No of Employees
13,806
Industry
Financial Services
Revenue (2023)
$10.3B
OP Financial Group premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Private Banking | Payments: |
| Daily Accounts: | Mobile Payment |
| Current Accounts | Corporate Banking: |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Regulatory Approval | In February, the group and Nordea received regulatory approval from the Finnish competition authority to form a joint venture. |
| 2022 | Divestiture | In August, the company divested 24.5% stake in Access Capital Partners to Alantra. |
| 2021 | Contracts/Agreements | In June, the company and Danske Bank entered into an agreement to merge their respective mobile wallets Pivo and MobilePay with Vipps. |
Competitor Comparison
| Key Parameters | OP Financial Group | Alandsbanken ABP | Alisa Bank Plc | Aktia Savings Bank PLC | Danske Bank Plc |
|---|---|---|---|---|---|
| Headquarters | Finland | Finland | Finland | Finland | Finland |
| City | Helsinki | Helsinki | Helsinki | Helsinki | Helsinki |
| State/Province | Lapland | - | - | - | - |
| No. of Employees | 13,806 | 1,031 | 85 | - | 1,730 |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jaakko Pehkonen | Chairman | Executive Board | 2020 | 66 |
| Timo Ritakallio | Group Chief Executive Officer; President; Director | Executive Board | 2020 | 64 |
| Mikko Timonen | Chief Financial Officer | Senior Management | 2022 | 51 |
| Kasimir Hirn | Chief Information Officer | Senior Management | 2022 | 50 |
| Markku Pehkonen | Chief Risk Officer | Senior Management | - | 64 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer