Leasing company OP Finance will be merged with the bank on October 31
OP Corporate Bank is updating its organizational structure in the Baltic States. The bank plans to merge the business leasing subsidiaries OP Finance to OP Corporate Bank on October 31st. After the merger, OP Corporate Bank plc Lithuania Branch will continue to provide the financial services of AB “OP Finance” taking over also the existing liabilities. The existing customers of the leasing company will not have the terms of the contracts changed, they will be automatically transferred to the bank.
We will inform all customers of the leasing company personally about the steps that will need to be taken when re-registering the controlled vehicles. This will need to be done after October 31st.
“By moving to a new organizational structure, we will be more efficient and flexible, and we will adapt more quickly to the future banking challenges of Lithuania and the entire Baltic and Nordic region. It is a part of our home market, we have a good understanding of the needs of companies operating here and the business environment, therefore we will continue to be a reliable and long-term Lithuanian business finance partner,” says Matias Huhtala, Head of OP Corporate Bank for Baltic States.
"We work with business, so we have to react quickly. And so far, we have made funding decisions quicker than the market average. By centralizing all services in the bank, we will further reduce administrative requirements and simplify the provision of services to companies, farmers, and organizations,” says Erika Voverė, Head of OP Corporate Bank plc Lithuania Branch and OP Finance in Lithuania.
The restructuring is being carried out in all Baltic countries. “OP Finance” SIA operating in Latvia will be merged with OP Corporate Bank Latvian branch and “OP Finance” AS in Estonia with the Estonian branch of the bank.
Please read the detailed answers to the most frequently asked questions about the ongoing restructuring here.