OP Financial Group paid over 397 million euros in corporate tax
OP Financial Group companies paid a total of over 397 million euros in corporate tax in 2023. In 2022, OP Financial Group paid 227 million in corporate tax.
OP Financial Group's operating profit was 2,050 million euros in 2023. At the end of 2023, OP Financial Group included 102 OP cooperative banks, its central cooperative and the latter's subsidiaries and affiliates. OP cooperative banks are often among the largest payers of corporate tax in their local areas.
“As Finland’s largest financial services group, we are also one of the country's most significant payers of corporate tax. In 2023, OP Financial Group contributed as much as 5.1 per cent of all corporate tax paid in Finland. Our large tax contribution is just one of the ways in which we want to act responsibly. Our strong financial success enables us to fulfil our responsibility for financing Finland's wellbeing,” says Timo Ritakallio, President and Group CEO of OP Financial Group.
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