OP Year 2016

In a new direction with a bold approach

OP of tomorrow will be built on the needs of customers

Our strategy published in summer 2016 is a response to the biggest transformation in the financial sector’s history. OP of tomorrow is a diversified services company with a strong financial expertise. We will create new types of service packages that are built on customer needs and exceed traditional industry boundaries.

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“Our strong financial position and values provide a solid foundation for business reinvention”

Our new strategy implementation journey is a major change process.
See how Reijo Karhinen, President and Group Executive Chairman, and other Group executives comment on OP's renewal.

 

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https://op-year2016.fi/filebank/articles/en_videos-article_160_485-32554-Reijo_K_08.jpg

REIJO KARHINEN

President and Group Executive Chairman
OP Financial Group

Review by the President, Group Executive Chairman

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https://op-year2016.fi/filebank/articles/en_videos-article_161_659-OP_vuoskari_thumb.jpg

STRATEGY HIGHLIGHTS

OP’s Executive Board members

 

We will ensure our earnings power while increasing our development expenditure

Thanks to our strong earnings power, we are able to react to changes in the operating environment. In the next few years, we will invest by up to two billion euros in business development.

Earnings before tax, € million

20122013201420152016
1138
5867019151101

Common Equity Tier 1 ratio (CET1)

Core Tier 1 before transitional provisions, %
20122013201420152016
CRR/CRD419.520.1
CRD314.817.315.1

Development costs
in 2016

315
million euros

 
 

New openings, development of traditional business

We have taken our first steps towards a diversified services company. Business reinvention does not only mean the creation of new businesses but also the development of the traditional financial sector through advanced digital solutions.