Finland · Financial institution
Op Osuuskunta
OP Osuuskunta (OP Cooperative) is a Finnish cooperative with its seat in Helsinki. It is the central cooperative of OP Pohjola. OP Pohjola consists of the OP cooperative banks, OP Cooperative and OP Cooperative's subsidiaries and affiliates. The member cooperative banks own the central cooperative jointly. The central cooperative steers and supervises the group and acts as its strategic owner. The group was called OP Financial Group until it changed its name to OP Pohjola on 28 October 2025.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
ECB banking supervision
List of supervised entities as of 2026-07-01
- Classification
- Significant institution
- Supervisor
- European Central Bank (direct supervision)
- Listed as
- OP Osuuskunta
- Entity type
- Mixed financial holding company
- Supervisory group
- Heads its own group
- Why significant
- Size (Total assets EUR 100-150 bn)
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- POHGFIH1XXX head office
- Connection to Swift
- Passive participant (no connection)This BIC is registered for identification only. The institution has no direct connection to the Swift network. Messages and payments reach it through a correspondent bank. The “1” in the eighth character of POHGFIH1 marks a passive participant.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2011-01-01
- Last updated
- 2020-05-15
Overview
Researched 29 Sep 2026 · Sources
Ownership
Member-owned
Institution type
Cooperative bank
Trades as OP Cooperative (OP Pohjola)
- Standing
- The group formerly known as OP Financial Group changed its name to OP Pohjola on 28 October 2025. The entity's legal name, OP Osuuskunta, did not change. The Swift directory address at Teollisuuskatu 1 is not the current head office. The head office is at Gebhardinaukio 1, Helsinki.
- Ownership
- The OP cooperative banks that are its members own the central cooperative jointly; there were 47 of them at 30 June 2026.
- Head office
- Gebhardinaukio 1, 00510 Helsinki, Finland
- Company register
- 0242522-1 (Finnish Business ID, Trade Register)
Business lines
OP Cooperative is the central institution of OP Pohjola: it steers group strategy, runs central services and supervision, and owns the group's subsidiaries. Customer banking, insurance and wealth management are provided by the cooperative banks and subsidiaries such as OP Corporate Bank plc and Pohjola Insurance Ltd.
Online
- Websites & references
- op.fi ↗
op-media.fi ↗ group media site (OP Media), linked from the op.fi footer
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗
Sources · 12 pages consulted
- ml-eu.globenewswire.com/Resource/Download/7acbc846-5cbe-44c1-8b00-a5532e768882
- globenewswire.com/news-release/2026/07/23/3331885/0/en/op-pohjola-s-half-year-financial-report-1-january-30
- globenewswire.com/news-release/2026/07/23/3331887/0/en/OP-Pohjola-s-President-and-Group-CEO-Timo-Ritakallio
- op.fi/en/op-financial-group/about-us/corporate-governance/board-of-directors
- op.fi/en/op-financial-group/about-us/corporate-governance/executive-board
- globenewswire.com/news-release/2025/10/28/3175131/0/en/OP-Mortgage-Bank-Interim-Report-1-January-30-Septemb
- news.cision.com/fi/op-pohjola/r/op-osuuskunnan-hallituksen-kokoonpano-vuonna-2026,c4277197
- op-media.fi/elamantilanne/yrittajan-paivan-arvonnan-saannot-ja-ehdot/
- op.fi/documents/10208/1280695/Arvonnan+s%c3%a4%c3%a4nn%c3%b6t.pdf/02beab3d-84b1-4090-ae84-1bd68
- proff.fi/yrityksen/op-osuuskunta/helsinki/rahoitus/0242522-1I0RSY
- op.fi/documents/10208/541178/SSI+OP+Corporate+Bank+COMMERCIAL+PAYMENTS+March+2025.pdf/0acab036-
- en.wikipedia.org/wiki/OP_Financial_Group
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Timo Ritakallio President and Group CEO, OP Pohjola; member of the Board of Directors (has announced retirement on 1 July 2027)
- Chair
- Jaakko Pehkonen Chair of the Board of Directors
- Chief financial officer
- Mikko Timonen Chief Financial Officer
- Executive
- Petri Sahlström Vice Chair of the Board of Directors
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- European Union
- European Central Bank (Single Supervisory Mechanism) Prudential supervisor
- Finland
- Finnish Financial Supervisory Authority (Finanssivalvonta) Prudential supervisorAML supervisorConduct
- European Union
- Single Resolution Board Resolution
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
OP Pohjola announced that President and Group CEO Timo Ritakallio will retire on 1 July 2027, as his executive contract provides.
globenewswire.com ↗ -
Leadership
The Board of Directors kept Jaakko Pehkonen as Chair and elected Petri Sahlström as Vice Chair for the 2026 term.
ml-eu.globenewswire.com ↗ -
Other
OP Financial Group, which OP Cooperative heads as central cooperative, changed its name to OP Pohjola on 28 October 2025.
globenewswire.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- POHGFIH1XXX
- How the BIC breaks down
- POHGBank
- FICountry · Finland
- H1Location · passive
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 7437003B5WFBOIEFY714
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Finland · Europe & Central Asia
- Banking supervision
- Significant · supervised by the ECB as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
The Op Osuuskunta group has 6 institutions in the directory, in 4 countries: all hold a BIC.
Including Op Corporate Bank PLC, Op Corporate Bank PLC Estonian Branch, Op Corporate Bank PLC Filiale Latvija, Op Corporate Bank PLC Lithuania Branch, Op Varainhoito OY.
See the Op Osuuskunta group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- TEOLLISUUSKATU 1 HELSINKI 00510 FINLAND
- Operational address
- TEOLLISUUSKATU 1 HELSINKI 00510 HELSINKI FINLAND
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Debtor agent, creditor agent or an intermediary agent
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>POHGFIH1XXX</BICFI>
<LEI>7437003B5WFBOIEFY714</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>POHGFIH1XXX</BICFI>
<LEI>7437003B5WFBOIEFY714</LEI>
<Nm>OP OSUUSKUNTA</Nm>
<PstlAdr>
<TwnNm>HELSINKI</TwnNm>
<Ctry>FI</Ctry>
<AdrLine>TEOLLISUUSKATU 1 HELSINKI 00510</AdrLine>
</PstlAdr>
</FinInstnId>This BIC is not connected to Swift. Messages reach the institution through a correspondent bank, so it cannot be the instructing or instructed agent.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Banking supervision—Source: European Central Bank, list of supervised entities.
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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