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, offering retail and commercial banking services all over Finland, as well as insurance services.
11-518: 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. 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
22-615: A consequence is directly supervised by the European Central Bank . The company's predecessor was founded in 1891 when the fire insurance company Palovakuutus-Osakeyhtiö Pohjola commenced its operations. Pohjola Bank was listed on the Helsinki Stock Exchange in 1922, being one of the first companies to be listed in Helsinki. The first local cooperative credit societies were founded in 1902 and received
33-495: A large loan from the Finnish state the next year. The central organization for cooperatives was founded in 1928 as an ideological organization between local branches. As the business environment has changed and banking regulation has tightened, the central organization has increased its influence on local banks significantly. In 2005 the central organization of OP Financial Group became a major shareholder of Pohjola Bank, which made
44-484: Is a neighbourhood in Helsinki , the capital of Finland . Vallila is a central-northern neighbourhood, bordered by Pasila to the west and Alppiharju to the south. Like Kallio, Vallila is mostly residential and has a reputation of being a working-class neighbourhood. In the past two decades people from artistic professions have found the area. Vallila though still retains its roots from 1910s to 1980s by being one of
55-592: Is a stub . You can help Misplaced Pages by expanding it . Southern Finland Southern Finland ( Finnish : Etelä-Suomen lääni , Swedish : Södra Finlands län ) was a province of Finland from 1997 to 2009. It bordered the provinces of Western Finland and Eastern Finland . It also bordered the Gulf of Finland and Russia . On September 1, 1997 the Uusimaa Province , the Kymi Province and
66-407: Is famous for its many old wooden houses dating back to the 1900s–1920s, which are spread over many blocks. Many buildings by the main streets are fine examples of Nordic Classicism from the 1920s–1930s. It is located closest to the city center of all the wooden-house residential areas in Helsinki. This area is called Puu-Vallila (Wooden Vallila). Puu-Vallila was built 1910, while the rest of Vallila
77-676: Is responsible for the Baltic business, operating as a bank for large companies and conducting financial services in Estonia, Latvia and Lithuania. In addition, OP Corporate Bank offers financial services in internationalization. OP Corporate Bank also acts as the OP Financial Group's central bank. Katja Keitaanniemi has been the President and CEO of OP Corporate Bank since 2018. Vallila Vallila ( Swedish : Vallgård )
88-490: The group the largest financial services group in Finland. The remainder of the shares were acquired in 2014. In 2014 OP announced plans to expand into the health and wellbeing market. It operated a hospital in the Helsinki region. In 2021 it cancelled the plan and sold the hospital. OP Corporate Bank Plc is the most significant subsidiary of OP Financial Group. OP Corporate Bank's customers are large companies in Finland. It
99-534: The rare neighbourhoods which still has an industrial area and abundant amount of workshop businesses. Because of gentrification Vallila is nowadays considered a trendy area in Helsinki (like Kallio ) among young adults and housing is expensive, particularly in Puu-Vallila. Several major companies, such as S Group , Telia Finland, OP Financial Group and Nordea , have their headquarters in Vallila. Vallila
110-563: The southern parts of the Häme Province were joined to form the new Southern Finland Province. All the provinces of Finland were abolished on January 1, 2010. The State Provincial Office was a joint regional authority of seven different ministries. It promoted national and regional objectives of the State central administration. The State Provincial Office of Southern Finland employed about 380 persons. Its service offices were located in
121-829: Was built in the 1920s and 1930s. Before this Vallila was a villa area for wealthy people living in Helsinki centre. Perhaps the most famous scene in Vallila is the small flea market square featured in Aki Kaurismäki 's film The Man Without a Past . Ville Valo , lead singer for the Finnish band HIM , was born in Vallila. Vallila is also the name of a basic city administrative district. It includes both Vallila and Hermanni neighbourhoods and has 16,851 inhabitants. Vallila itself has 10,462 inhabitants (31.12.2020). [REDACTED] Media related to Vallila at Wikimedia Commons 60°11′40″N 24°57′24″E / 60.19444°N 24.95667°E / 60.19444; 24.95667 This Southern Finland location article
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