OP Corporate Bank plc Articles of Association - Key Provisions

OP Corporate Bank plc has confirmed its Articles of Association, providing details on the bank's operational scope and governance. The company's official names are OP Yrityspankki Oyj in Finnish, OP Företagsbanken Abp in Swedish, and OP Corporate Bank plc in English. It is domiciled in Helsinki.

The articles state that OP Corporate Bank functions as the central financial institution for OP cooperative banks, engaging in credit institution business. Its primary purpose is to support the operations of OP cooperative banks and other entities within the OP Pohjola group. The bank may hold shares in financial and insurance sector companies and offer investment services.

As a member of the amalgamation of deposit banks, led by OP Cooperative, the bank is obligated to participate in support measures for other member credit institutions and to cover their debts if necessary. The central cooperative supervises the bank's operations and provides guidance on liquidity, capital adequacy, and risk management.

The Articles of Association also stipulate that the Board of Directors shall comprise a minimum of four and a maximum of seven members. The Board members and the CEO represent the company jointly. The company appoints an authorised public accountant firm as its auditor. The Annual General Meeting must be held no later than six months after the end of the financial year.