OP Financial Group definition

OP Financial Group means (a) OP Financial Group Central Cooperative, (b) the member cooperative banks of the financial consortium of OP Cooperative (the “Cooperative Banks”),(c) OP Corporate Bank Group, (d) the subsidiaries of the OP Cooperative (whether existing as at the Issue Date or incorporated thereafter), and (e) the member credit institutions referred to in Chapter 1 Section 2 of the Amalgamations Act, other than the Cooperative Banks, as existing from time to time (including but not limited to, Helsinki Area Cooperative Bank, OP Card Company Plc and OP Mortgage Bank).
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OP Financial Group means OP Cooperative as the OP Financial Group’s central body and its financial and non-financial subsidiaries and the Member Cooperative Banks; Outstanding means, in relation to the Bonds of any Series, all the Bonds issued other than:
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OP Financial Group means OP Cooperative, its financial and non-financial subsidiaries and Member Cooperative Banks.
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Examples of OP Financial Group in a sentence

  • The subscription terms and conditions may vary in terms of the subscription amount, investment horizon, distribution channel, geographical region or total customer relationship with OP Financial Group.

  • The company is part of an amalgamation of cooperative banks (OP Financial Group).

  • In order to ensure uniformity in the accounting policies of entities within OP Financial Group, OP Cooperative shall issue guidelines on the preparation of financial statements to its member credit institutions.

  • At OP Financial Group, the first line and the second line of defence in risk management cooperate on an ongoing basis.

  • The ECB has set a capital requirement for OP Financial Group based on the supervisory review and evaluation process (SREP).

  • The Controller function within OP Financial Group also produces earnings forecasts and analyses the actual outcome in comparison with the forecasts and reports on any deviations.

  • The central cooperative’s Supervisory Board confirms the Group-level principles of internal control that all OP Financial Group entities follow.

  • OP MB belongs to OP Financial Group, and OP MB’s accounts are included in its consolidated financial statements.

  • OP Fund Management Company Ltd will pay 33% of the annual management fee to the relevant OP Financial Group branch as long as the related capital remains invested in the fund.

  • The different financial management units subordinate to OP Financial Group’s CFO take charge of not only the preparation of interim and annual accounts for OP Financial Group and Group entities, as required by financial accounting, but also of the production of management ac- counting reports, such as monthly reports on business performance.


More Definitions of OP Financial Group

OP Financial Group means (a) OP Financial Group Central Cooperative, (b) the member cooperative banks of the financial consortium of OP Cooperative (the "Cooperative Banks"),
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OP Financial Group means the statutory consortium (Fi: yhteenliittymä) as referred to in Section 2 of the Finnish Act on Amalgamations of Deposit Banks (Laki talletuspankkien yhteenliittymästä 599/2010, as amended) comprising (a) the OP Cooperative, (b) the member cooperative banks and other credit institutions being members of the OP Cooperative and (c) the companies belonging to the consolidation groups of the OP Cooperative and such member credit institutions; Outstanding means, in relation to the Notes of any Series, all the Notes issued other than:
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Related to OP Financial Group

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • financial holding company means a financial institution, the subsidiary undertakings of which are either exclusively or mainly credit institutions or financial institutions, at least one of such subsidiary undertakings being a credit institution, and which is not a mixed financial holding company within the meaning of Article 2(15) of Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (1);