The POP Bank Group (formerly Paikallisosuuspankki, lit. 'local cooperative bank') is a cooperative banking group in Finland, with central entities in Helsinki and 18 individual cooperative banks known as POP banks. The central entities include a central cooperative owned by the local banks, POP Bank Centre Coop (POP Pankkikeskus osk), which is responsible for the group's management and supervision and holds a banking license. POP Bank Centre Coop in turn owns Bonum Bank (Bonum Pankki), a group-wide credit institution, and POP Asuntoluottopankki, a mortgage bank.
As of end-2024, the POP Bank Group had €6.3 billion in total consolidated assets;[1] Bonum Bank had €2 billion in assets,[2] and POP Asuntoluottopankki had €798 million.[3] All the group's banks are designated as "less significant institutions" under European Banking Supervision.[4]
History
The Paikallisosuuspankki Group (Paikallisosuuspankki-ryhmä) was formed in 1997 when 44 cooperative banks separated from the Finnish Cooperative Bank Group, now known as