OP Yrityspankki Oyj (formerly Pohjola Pankki Oyj)

Established in 1902, OP Yrityspankki Oyj (formerly OP Corporate Bank) is a Finnish financial services company, providing banking, non-life insurance, and asset management services to private, corporate, and institutional customers in Finland and internationally. OP Yrityspankki Oyj also acts as a central bank of OP Cooperative being responsible for the OP Group liquidity management and international operations. OP Yrityspankki is a wholly owned subsidiary of OP Cooperative.

Financials

Total Assets (2017)
60 492.02 mln EUR  (+2.76%)
Operating Income (2017)
528.81 mln EUR  (-10.69%)

In 2017 total assets of OP Yrityspankki Oyj were 60 492,02 mln EUR. In 2017 the bank's operating income was 528,81 mln EUR.

OP Yrityspankki Oyj is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is WD (withdrawn). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).

OP Yrityspankki Oyj participates in deposit guarantee scheme of Finland. This scheme covers accounts up to 100 000 EUR per bank per depositor.

OP Yrityspankki Oyj is a member of OP-Pohjola Group (Finland).

Contacts

Teollisuuskatu 1 b, 13, HELSINKI, Finland
PL 308
010 252 011

OP Yrityspankki Oyj is headquartered in HELSINKI.

Bank Identifiers

BIC (SWIFT)
OKOYFIHH
MFI ID
FI01999207
Company Number
0199920-7

Financial Positions

Total Assets (2017)
60 492.02 mln EUR  (+2.76%)
Total Equity (2017)
2 697.64 mln EUR  (+9.02%)

In 2017 total assets of OP Yrityspankki Oyj were 60 492.02 mln EUR. Growth compared to the previous period (2016) was 2.76%. The evolution of the total assets of OP Yrityspankki Oyj is shown at Chart 1 below.

Total Assets of OP Yrityspankki Oyj.

Chart 1. Total Assets of OP Yrityspankki Oyj.

Recent changes in total assets of OP Yrityspankki Oyj and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 9 628.5 13 565.3 +40.89%
Loans to banks 9 148.9 8 559.2 -6.45%
Loans to customers 18 739.3 20 157.4 +7.57%
Bonds and other fixed-income securities 13 683.5 12 618.6 -7.78%
Total Assets 58 869.8 60 492.0 +2.76%
Table 1. Recent changes in total assets of OP Yrityspankki Oyj (mln EUR).

Recent changes in total liabilities of OP Yrityspankki Oyj and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 9 583.5 10 060.0 +4.97%
Customer deposits 13 781.1 11 513.4 -16.45%
Debt securities 21 482.1 18 368.5 -14.49%
Total Liabilities 58 869.8 60 492.0 +2.76%
Table 2. Recent changes in total liabilities of OP Yrityspankki Oyj (mln EUR).

Profit and Loss

Operating Income (2017)
528.81 mln EUR  (-10.69%)

Recent changes in gross profit of OP Yrityspankki Oyj and its main components are shown in Table 3.

2016 2017 % change
Net Interest Income 185.0 263.9 +42.70%
Net Commission Income 58.1 35.3 -39.25%
Commission Income 124.1 133.4 +7.52%
Commission Charges -66.0 -98.1 +48.72%
Net Income from Trading Operations 521.4 399.3 -23.43%
Table 3. Recent changes in gross profit of OP Yrityspankki Oyj (mln EUR).

Credit Ratings (as of May 2018)

Fitch Moody's
WD (withdrawn) Aa3 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. OP Yrityspankki Oyj is rated by Fitch and Moody's.

Credit ratings assigned to OP Yrityspankki Oyj as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for OP Yrityspankki Oyj it is set to WD (withdrawn). The rating is not on watch. Short-term issuer default rating for OP Yrityspankki Oyj is set to WD (withdrawn).

Long-Term Issuer Default Rating  WD
    Outlook  -
    On Watch  No
Short-Term Issuer Default Rating  WD
Viability Rating  -
Support Rating  WD
Support Rating Floor  WD

Viability rating for OP Yrityspankki Oyj is not set support rating is WD; support rating floor is WD (withdrawn).

Moody's

Long-term rating for OP Yrityspankki Oyj it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is baa2. Short-term rating is not assigned.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  Aa3
Baseline Credit Assessment  baa2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of OP Yrityspankki Oyj is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Finland are obliged to participate in Finnish deposit guarantee scheme.

In the case of OP Yrityspankki Oyj failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of OP Yrityspankki Oyj and its components are shown in the table below.

BIC  OKOYFIHH
Bank BIC Code  OKOY
Country Code  FI (Finland)
Location Code  HH
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of OP Yrityspankki Oyj is shown in the table below.

MFI ID  FI01999207

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  0199920-7