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OP Corporate Bank Lithuanian branch

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OP Corporate Bank Lithuanian branch
ISIN🆔
Founded 📆
Founder 👔
Headquarters 🏙️, ,
Area served 🗺️
Key people
Leda Irzikeviciene (CEO)
ServicesBanking
Members
Number of employees
59.[1](2024)
🌐 Websitehttps://www.opbank.lt/en/
📇 Address
📞 telephone

OP Corporate Bank plc (formerly Pohjola[2]) is a subsidiary of the Finnish financial services group OP Financial Group. OP Corporate Bank Lithuanian branch is registered in Lithuania[3]

History[edit]

In 2008, Pohjola Bank acquired leasing companies from the Finnish group Kesko[4] and began offering leasing services in Lithuania, Latvia, Estonia, and Finland.

In 2011, Pohjola opened a branch in Estonia, followed by branches in Latvia in 2012 and Lithuania in 2013.

On 4 April 2016, Pohjola Bank was renamed OP Corporate Bank.[5][6]

Lithuania[edit]

The Lithuanian branch of OP Corporate Bank plc is the fifth-largest bank in Lithuania by the size of its business loans and leasing portfolio[7], and the sixth-largest by assets under management[8]. The bank is the third-largest provider of leasing services in Lithuania, holding approximately 20% of the market.

OP Financial Group[edit]

OP Corporate Bank is part of OP Financial Group, the largest financial services group in Finland, with over two million owner-customers and approximately 13,000 employees.[9] The group offers a wide range of banking and insurance services to private individuals and businesses.[10]

OP Corporate Bank plc is the largest subsidiary and the central bank of the group. The group's mission is to promote the sustainable prosperity, security, and well-being of its owner-customers and the regions it operates in. By 2025, OP Financial Group aims to become CO2 neutral concerning energy and fuel emissions (Scopes 1 and 2).[11]

Management[edit]

Since 1 January 2023, Leda Irzikeviciene has been the Country Manager of OP Corporate Bank plc's Lithuanian branch. Matias Huhtala has served as the Head of OP Corporate Bank's Baltic Banking[12] since 1 January 2015. Katja Keitaanniemi has been the President and CEO of OP Corporate Bank since 2018.[13]

References[edit]

  1. "OP Corporate Bank PLC Lietuvos filialas".
  2. "Pohjola Bank | Company Overview & News". Forbes. Retrieved 2024-07-30.
  3. "Structure of OP Financial Group and OP Corporate Bank Group - Corporate governance (OP Corporate Bank plc)". op.fi. Retrieved 2024-07-30.
  4. Pohjola Bank plc (2007-02-14). "Pohjola Bank plc Annual review 2007" (PDF).
  5. "Pohjola Bank : To be renamed OP Corporate Bank* - MarketScreener". 19 March 2015.
  6. Boheman, Niclas (2017-06-01). "OP Corporate Bank Plc Key Facts and Statistics - Q1 March 2017".
  7. Banking and Insurance Supervision Department (2024-04-18). "Banking Activity Review" (PDF).
  8. "Statistics | Association of Lithuanian banks".
  9. "OP Financial Group in brief | OP Financial Group". op.fi. Retrieved 2024-07-30.
  10. "Business divisions | OP Financial Group". op.fi. Retrieved 2024-07-30.
  11. "OP Financial Group's sustainability programme". op.fi. Retrieved 2024-07-30.
  12. "Image bank | OP Financial Group". op.fi. Retrieved 2024-07-30.
  13. "President and CEO - Corporate governance (OP Corporate Bank plc)". op.fi. Retrieved 2024-07-30.



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