OP
OP Bank (Osuuspankki) is one of Finland’s largest and oldest financial institutions, known for its customer-centric services, community-oriented structure, and commitment to sustainable development. Established as a cooperative bank, OP Bank operates under the OP Financial Group, which includes various entities providing banking, insurance, and wealth management services.
History and Overview
Founded in 1902, OP Bank originated as a cooperative, aimed at supporting local communities and fostering financial well-being among Finnish citizens. With over a century of experience, it has grown to become a major financial player in Finland, combining traditional values with modern financial solutions. Today, OP Bank serves nearly 2 million customers through its extensive branch network, digital banking services, and mobile applications.
Key Features and Services
OP Bank offers a wide range of services to meet the needs of individual customers, businesses, and agricultural enterprises. Here are some of the main services provided:
1. Personal Banking
OP Bank offers tailored solutions for everyday banking, savings, loans, and investments, focusing on security, simplicity, and convenience.
- Accounts and Cards: Current accounts, savings accounts, and a variety of debit and credit cards with different benefits.
- Loans and Mortgages: Competitive interest rates on personal loans, home loans, and car financing options.
- Savings and Investments: Services for stock trading, funds, and fixed-term deposits, making it easy for customers to grow their savings.
2. Insurance Services
Through its comprehensive insurance offerings, OP Bank provides protection for various aspects of life, including home, travel, vehicle, and health.
- Home Insurance: Coverage for property and contents, tailored to meet individual needs.
- Health and Life Insurance: Extensive options, including health, accident, and life insurance to ensure financial security.
- Vehicle Insurance: Insurance for cars, motorcycles, and boats with various coverage options.
3. Business Banking
OP Bank supports Finnish businesses, from small startups to large enterprises, with tailored financial solutions that facilitate growth and stability.
- Business Loans: Loans and credit lines designed to help companies expand, invest, and manage cash flow.
- Payment and Account Services: Customized account solutions for business transactions, payroll, and expenses.
- Corporate Insurance: Risk management solutions to protect business assets, employees, and operations.
4. Digital Banking and Mobile App
OP Bank offers a highly rated mobile app, allowing customers to access their accounts, make payments, check balances, and manage investments anywhere, anytime. The app provides:
- 24/7 Access: Secure login with Mobile ID or biometrics, available 24/7.
- Mobile Payments: Services like Apple Pay, Google Pay, and Siirto for seamless transactions.
- Investment and Savings Management: Real-time access to investment accounts and tools for monitoring financial goals.
Cooperative Structure and Benefits
As a cooperative, OP Bank is owned by its customers, known as members. Members receive benefits based on their financial activity with OP, such as better interest rates, discounts on banking fees, and loyalty rewards. Membership also allows customers to influence the bank’s policies and participate in decision-making processes.
Commitment to Sustainability
OP Bank is dedicated to promoting a sustainable and responsible approach to finance. It has set ambitious goals to support environmental, social, and governance (ESG) standards.
- Green Loans: OP Bank provides special green loans for environmentally friendly projects, such as energy-efficient home renovations and sustainable business investments.
- Carbon Neutrality: OP Bank is committed to reducing its carbon footprint, with a goal to achieve carbon neutrality across its operations.
- Social Responsibility: Through various initiatives, OP Bank supports financial literacy, youth programs, and local communities.
OP Financial Group Structure
OP Bank is part of the OP Financial Group, a cooperative financial conglomerate, which includes:
- OP Corporate Bank: Serving large corporations and institutions with specialized financial services.
- OP Life Assurance Company: Offering life insurance and long-term savings plans.
- Pohjola Insurance: A leading non-life insurance provider in Finland.
Together, these entities provide a broad spectrum of financial services under one umbrella, ensuring that both individuals and businesses have access to comprehensive financial support.
Customer Service and Support
OP Bank provides customer support through its branch network, digital channels, and a 24/7 customer service hotline. The bank has an extensive network across Finland, with over 350 branches and online support for fast and efficient assistance.
Useful Links
For more information, visit the official where you can learn more about products, services, and membership benefits.
OP Bank continues to uphold its values of trust, community, and sustainability, making it a leading choice for banking and insurance services in Finland.