---
title: "Op Osuuskunta SWIFT/BIC code POHGFIH1XXX · Finland | Elucidate"
description: "Significant institution directly supervised by the ECB. SWIFT/BIC code POHGFIH1XXX for Op Osuuskunta, Finland. Head-office BIC, LEI 7437003B5WFBOIEFY714."
url: https://elucidate.co/directory/op-osuuskunta-pohgfih1
---

1.  [Directory](https://elucidate.co/directory)
2.  [Finland](https://elucidate.co/directory/country/fi)
3.  Op Osuuskunta

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.

ECB · Single Supervisory Mechanism

Directly supervised by the ECB

Total assets EUR 100–150 bn

Supervised group head

BIC **POHGFIH1XXX** LEI **[7437003B5WFBOIEFY714](https://search.gleif.org/#/record/7437003B5WFBOIEFY714)** Licence no. **Not on a tracked register** Passive participant (no connection) [ECB significant institution](https://elucidate.co/directory/op-osuuskunta-pohgfih1#regulatory) Head-office BIC only [Group: Op Osuuskunta](https://elucidate.co/directory/group/7437003B5WFBOIEFY714) [Claim this profile](https://elucidate.co/directory/op-osuuskunta-pohgfih1#claim)

## 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)
- **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](https://elucidate.co/directory/op-osuuskunta-pohgfih1#overview-sources)

Total assets

EUR 166.5bn

Group · 30 Jun 2026 · [interim report ↗](https://ml-eu.globenewswire.com/Resource/Download/7acbc846-5cbe-44c1-8b00-a5532e768882)

Employees

15,552

headcount · Group · 30 Jun 2026 · [interim report ↗](https://ml-eu.globenewswire.com/Resource/Download/7acbc846-5cbe-44c1-8b00-a5532e768882)

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

-   Other

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 ↗](https://www.op.fi/) [op-media.fi ↗](https://www.op-media.fi/en/) group media site (OP Media), linked from the op.fi footer [Wikipedia ↗](https://en.wikipedia.org/wiki/OP_Financial_Group) group article
- **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/op-pohjola) · [Facebook ↗](https://www.facebook.com/op.fi) · [Instagram ↗](https://www.instagram.com/op_pohjola)

Sources · 12 pages consulted

1.  [ml-eu.globenewswire.com/Resource/Download/7acbc846-5cbe-44c1-8b00-a5532e768882](https://ml-eu.globenewswire.com/Resource/Download/7acbc846-5cbe-44c1-8b00-a5532e768882)
2.  [globenewswire.com/news-release/2026/07/23/3331885/0/en/op-pohjola-s-half-year-financial-report-1-january-30](https://www.globenewswire.com/news-release/2026/07/23/3331885/0/en/op-pohjola-s-half-year-financial-report-1-january-30-june-2026-operating-profit-for-january-june-eur-831-million-excellent-second-quarter.html)
3.  [globenewswire.com/news-release/2026/07/23/3331887/0/en/OP-Pohjola-s-President-and-Group-CEO-Timo-Ritakallio](https://www.globenewswire.com/news-release/2026/07/23/3331887/0/en/OP-Pohjola-s-President-and-Group-CEO-Timo-Ritakallio-has-announced-that-he-will-retire-on-1-July-2027-as-specified-in-his-executive-contract.html)
4.  [op.fi/en/op-financial-group/about-us/corporate-governance/board-of-directors](https://www.op.fi/en/op-financial-group/about-us/corporate-governance/board-of-directors)
5.  [op.fi/en/op-financial-group/about-us/corporate-governance/executive-board](https://www.op.fi/en/op-financial-group/about-us/corporate-governance/executive-board)
6.  [globenewswire.com/news-release/2025/10/28/3175131/0/en/OP-Mortgage-Bank-Interim-Report-1-January-30-Septemb](https://www.globenewswire.com/news-release/2025/10/28/3175131/0/en/OP-Mortgage-Bank-Interim-Report-1-January-30-September-2025.html)
7.  [news.cision.com/fi/op-pohjola/r/op-osuuskunnan-hallituksen-kokoonpano-vuonna-2026,c4277197](https://news.cision.com/fi/op-pohjola/r/op-osuuskunnan-hallituksen-kokoonpano-vuonna-2026,c4277197)
8.  [op-media.fi/elamantilanne/yrittajan-paivan-arvonnan-saannot-ja-ehdot/](https://www.op-media.fi/elamantilanne/yrittajan-paivan-arvonnan-saannot-ja-ehdot/)
9.  [op.fi/documents/10208/1280695/Arvonnan+s%c3%a4%c3%a4nn%c3%b6t.pdf/02beab3d-84b1-4090-ae84-1bd68](https://www.op.fi/documents/10208/1280695/Arvonnan+s%c3%a4%c3%a4nn%c3%b6t.pdf/02beab3d-84b1-4090-ae84-1bd6823ec2a4)
10.  [proff.fi/yrityksen/op-osuuskunta/helsinki/rahoitus/0242522-1I0RSY](https://www.proff.fi/yrityksen/op-osuuskunta/helsinki/rahoitus/0242522-1I0RSY)
11.  [op.fi/documents/10208/541178/SSI+OP+Corporate+Bank+COMMERCIAL+PAYMENTS+March+2025.pdf/0acab036-](https://www.op.fi/documents/10208/541178/SSI+OP+Corporate+Bank+COMMERCIAL+PAYMENTS+March+2025.pdf/0acab036-7835-26a8-66fd-13c59ddd760b?t=1742473271744)
12.  [en.wikipedia.org/wiki/OP\_Financial\_Group](https://en.wikipedia.org/wiki/OP_Financial_Group)

## Leadership

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/op-osuuskunta-pohgfih1#overview-sources)

- **Chief executive:** Timo Ritakallio President and Group CEO, OP Pohjola; member of the Board of Directors (has announced retirement on 1 July 2027) Confirmed 23 Jul 2026 · [globenewswire.com ↗](https://www.globenewswire.com/news-release/2026/07/23/3331887/0/en/OP-Pohjola-s-President-and-Group-CEO-Timo-Ritakallio-has-announced-that-he-will-retire-on-1-July-2027-as-specified-in-his-executive-contract.html)
- **Chair:** Jaakko Pehkonen Chair of the Board of Directors Confirmed 23 Jul 2026 · [ml-eu.globenewswire.com ↗](https://ml-eu.globenewswire.com/Resource/Download/7acbc846-5cbe-44c1-8b00-a5532e768882)
- **Chief financial officer:** Mikko Timonen Chief Financial Officer Confirmed 23 Jul 2026 · [globenewswire.com ↗](https://www.globenewswire.com/news-release/2026/07/23/3331885/0/en/op-pohjola-s-half-year-financial-report-1-january-30-june-2026-operating-profit-for-january-june-eur-831-million-excellent-second-quarter.html)
- **Executive:** Petri Sahlström Vice Chair of the Board of Directors Confirmed 23 Jul 2026 · [ml-eu.globenewswire.com ↗](https://ml-eu.globenewswire.com/Resource/Download/7acbc846-5cbe-44c1-8b00-a5532e768882)

## Supervisors & regulators

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/op-osuuskunta-pohgfih1#overview-sources)

- **European Union:** European Central Bank (Single Supervisory Mechanism) Prudential supervisor
- **Finland:** Finnish Financial Supervisory Authority (Finanssivalvonta) Prudential supervisor AML supervisor Conduct
- **European Union:** Single Resolution Board Resolution

## Recent events

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/op-osuuskunta-pohgfih1#overview-sources)

1.  Jul 2026

    Leadership

    OP Pohjola announced that President and Group CEO Timo Ritakallio will retire on 1 July 2027, as his executive contract provides.

    [globenewswire.com ↗](https://www.globenewswire.com/news-release/2026/07/23/3331887/0/en/OP-Pohjola-s-President-and-Group-CEO-Timo-Ritakallio-has-announced-that-he-will-retire-on-1-July-2027-as-specified-in-his-executive-contract.html)

2.  Dec 2025

    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 ↗](https://ml-eu.globenewswire.com/Resource/Download/7acbc846-5cbe-44c1-8b00-a5532e768882)

3.  Oct 2025

    Other

    OP Financial Group, which OP Cooperative heads as central cooperative, changed its name to OP Pohjola on 28 October 2025.

    [globenewswire.com ↗](https://www.globenewswire.com/news-release/2025/10/28/3175131/0/en/OP-Mortgage-Bank-Interim-Report-1-January-30-September-2025.html)

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:** 1. POHG Bank 2. FI Country · Finland 3. H1 Location · passive 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 7437003B5WFBOIEFY714
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/7437003B5WFBOIEFY714)
- **How the LEI was matched:** BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.

## Profile

- **Type:** Financial institution
- **Regulation:** Not on a tracked register
- **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](https://elucidate.co/directory/op-osuuskunta-pohgfih1#regulatory) 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](https://elucidate.co/directory/op-corporate-bank-plc-okoyfihh), [Op Corporate Bank PLC Estonian Branch](https://elucidate.co/directory/op-corporate-bank-plc-estonian-branch-okoyee2x), [Op Corporate Bank PLC Filiale Latvija](https://elucidate.co/directory/op-corporate-bank-plc-filiale-latvija-okoylv2x), [Op Corporate Bank PLC Lithuania Branch](https://elucidate.co/directory/op-corporate-bank-plc-lithuania-branch-okoylt2x), [Op Varainhoito OY](https://elucidate.co/directory/op-varainhoito-oy-poaefih1).

[See the Op Osuuskunta group →](https://elucidate.co/directory/group/7437003B5WFBOIEFY714)

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

```xml
<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

```xml
<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.

## Related institutions

### Subsidiaries in the directory

-   [Op Corporate Bank PLC BIC OKOYFIHH Credit institution Prudential licence Finland · On the ECB list of supervised entities · LEI 549300NQ588N7RWKBP98](https://elucidate.co/directory/op-corporate-bank-plc-okoyfihh)
-   [Op Varainhoito OY BIC POAEFIH1 Financial institution Not on a tracked register Finland · Not on a tracked register · LEI 549300FVFD5HBP6XE830](https://elucidate.co/directory/op-varainhoito-oy-poaefih1)

Entities that GLEIF records with this LEI as their direct parent.

### Largest institutions in Finland

-   [Nordea Henkivakuutus Suomi OY BIC NOHOFIH2 Financial institution Not on a tracked register Finland · Not on a tracked register · LEI 529900K08EYX3I3MTH59](https://elucidate.co/directory/nordea-henkivakuutus-suomi-oy-nohofih2)
-   [Suomen Pankki-Finlands Bank BIC SPFBFIHH Financial institution Not on a tracked register Finland · Not on a tracked register · LEI 7437007ALEZNCJGTGA67](https://elucidate.co/directory/suomen-pankki-finlands-bank-spfbfihh)
-   [Nordea Bank Abp BIC NDEAFIHH Credit institution Prudential licence Finland · On the ECB list of supervised entities · LEI 529900ODI3047E2LIV03](https://elucidate.co/directory/nordea-bank-abp-ndeafihh)
-   [Danske Bank A/S, Finland Branch BIC DABAFIHH Financial institution Not on a tracked register Finland · Not on a tracked register · LEI MAES062Z21O4RZ2U7M96](https://elucidate.co/directory/danske-bank-a-s-finland-branch-dabafihh)
-   [Mandatum Asset Management LTD BIC MNAGFIH2 Financial institution Not on a tracked register Finland · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/mandatum-asset-management-ltd-mnagfih2)
-   [Sampo PLC BIC SAHOFIH1 Financial institution Not on a tracked register Finland · Not on a tracked register · LEI 743700UF3RL386WIDA22](https://elucidate.co/directory/sampo-plc-sahofih1)
-   [Euroclear Finland LTD BIC APKEFIHH Financial institution Not on a tracked register Finland · Not on a tracked register · LEI 74370020ZOTVC5EOAA37](https://elucidate.co/directory/euroclear-finland-ltd-apkefihh)
-   [Skandinaviska Enskilda Banken BIC ESSEFIHX Financial institution Not on a tracked register Finland · Not on a tracked register · LEI F3JS33DEI6XQ4ZBPTN86](https://elucidate.co/directory/skandinaviska-enskilda-banken-essefihx)

[See every BIC in Finland →](https://elucidate.co/directory/country/fi#bics)

Claim this profile

## Work at Op Osuuskunta?

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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 →](https://elucidate.co/directory/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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Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.