Co-operative Banking in Finland

Federica Poli ()
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Federica Poli: Università Cattolica del Sacro Cuore

Chapter Chapter 4 in Co-operative Banking Networks in Europe, 2019, pp 147-192 from Palgrave Macmillan

Abstract: Abstract The creation and spread of co-operative banking in Finland dates back to the early twentieth century, inspired by the ideas of German ideologist Raiffeisen. Following deregulation and restructuring, by 2016, 57% of Finland’s total banking assets were owned by foreign banks although domestic banks are regaining their share. The OP Financial Group, Finland’s largest co-operative network, has seen a dramatic increase in membership since 2004 and plays a key role in the country’s banking system. This chapter examines its performance in comparison with shareholder-oriented banking. From this comparison, it emerges that co-operative banking shows statistically significant divergences that are persistent over time, despite the growing hybridization of the sector and the potential pressures exerted by the prudential regulatory framework for a higher degree of convergence among business models.

Keywords: Hannes Gebhard; OP Financial Group; POP Bank Group; Strategic network; Market share; Governance ratio; Performance; Capital; Risk; Profitability; Efficiency (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-21699-3_4

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DOI: 10.1007/978-3-030-21699-3_4

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