At the end of the merger process, the leasing subsidiary “OP Finance” Ltd was added to the Latvian branch of “OP Corporate Bank plc”.
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Established in 1902, OP Financial Group is a cooperative financial services group formed by independent OP cooperative banks and the Group's central cooperative with its subsidiaries. As an enterprise of considerable regional importance, OP Financial Group strives to promote not only the long-term development, security and prosperity of the customers, but also of society as a whole. Its main business segments are Retail Banking, Corporate Banking and Insurance. The Group’s vision is to be the leading and most appealing financial services group in Finland for our customers, employees and partners. Currently, more than 12,000 finance professionals are employed by OP companies, including more than 100 employees in the Baltic states.
OP Corporate Bank is Finland’s leading bank for corporates and institutions. We provide extensive services for various situations: financing, hedging, payment services, management of cash flows and working capital, asset management and risk management. We support the success of our customers in their business through long-term cooperation. We continue to improve our services in various service channels in order to deliver the best customer experience in the market.
Finland, Estonia, Latvia and Lithuania are our home market. Our strength is an extensive, local service network in Finland. In addition, we offer extensive services and our partner network for the international needs of our customers. As a partner for corporates, we wish to promote a sustainable economy and the success and internationalization of Finnish and Baltic business.
Standard & Poor’s and Moody’s, two major rating agencies in the world, have affirmed OP Corporate Bank plc's long-term debt ratings, making OP Corporate Bank plc one of the few banks in Europe with such a high safety rating. Latest credit ratings can be found here.
OP Financial Group launched its operations in the Latvian leasing market in 2008 when OP Corporate Bank plc acquired the financial company K-Finance from the Kesko Group. Since then, OP Finance a comprehensive leasing company, had offered leasing and other financial services to institutional customers and established close relationships with the key sellers of machinery, equipment and vehicles.
In September 2012, OP Corporate Bank plc opened a branch in Latvia to provide banking services to corporate customers.
In November 2021, OP Finance mergers with OP Corporate Bank plc. After the merger, the leasing services are being provided by OP Corporate Bank plc Latvia Branch. We offer leasing for agricultural, forestry, construction and other specialized machinery and equipment, as well as trucks and passenger cars.
Being part of a large and strong financial group allows us to provide high quality professional financial services and ensure the consistent availability of credit resources and a competitive edge in the local market, by offering products that promote sustainable economy, with a particular focus on financing “green” projects.