Local service nationally
The POP Bank Group is a Finnish financial group that offers retail banking services to private customers, small and medium size companies, agricultural and forestry companies, as well as non-life insurance services to private customers. POP Bank Group's history dates to 1997.
The POP Bank Group refers to the new legal entity created on 2015, comprised of POP Banks and POP Bank Alliance Coop, and the entities under their control. The most significant companies with customer operations in the POP Bank Group are:
- 22 member cooperative banks of POP Bank Centre coop that use the marketing name POP Bank
- Bonum Bank Plc, which is the central credit institution of POP Banks and a subsidiary of POP Bank Centre coop
- Finnish P&C Insurance Ltd, which uses the auxiliary business name POP Insurance.
POP Bank Alliance Coop, the central institution, is responsible for the group steering and supervision in accordance with the Act on the Amalgamation of Deposit Banks (24 June 2010/599) (hereinafter referred to as the “Amalgamation Act”).
The chart below presents the structure of the POP Bank Group and the entities included in the amalgamation and scope of joint liability.