Coop Pank

Last updated
Coop Pank
Company type Publicly traded
Nasdaq Tallinn
Industry Financial services
PredecessorEstonian Credit Bank (established in 1992)
Founded1992;32 years ago (1992)
Headquarters Tallinn, Estonia
Key people
Margus Rink (CEO), Alo Ivask (Chairman)
Products Retail banking, merchant banking, life insurance, pensions
Revenue EUR 39,238 million Increase2.svg(+26,2%) (2021)
EUR 13,46 million Increase2.svg(+85,4%) (2021)
OwnerCoop Investeeringud OÜ (24,79%)
Number of employees
314 (30. September 2022)
Subsidiaries Coop Liising AS

Coop Finants AS
Coop Kindlustusmaakler AS

SIA Prana Property
Website Official website OOjs UI icon edit-ltr-progressive.svg

Coop Pank (earlier Eesti Krediidipank [1] ) is an Estonian bank, headquartered in Tallinn. [2] The bank operates only in Estonia. The official name of the bank is Coop Pank AS. Coop Pank offers deposits, business and personal loans, leasing, bank cards, settlement services, card payment acceptance, factoring, private banking and insurance services. Bank has internet bank and mobile bank. The Bank has joined with the flash payment system RT1 that is developed in Estonia by Eesti Pank, which gives customers the opportunity to make flash payments.

The bank was established in 1992 under the name Eesti Krediidipank ('Estonian Credit Bank') [3] In 2017 Coop Eesti bought Eesti Krediidipank and the bank was renamed Coop Pank. [1]

Coop Pank has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. [4] [5]

In February 2023 the bank had 15 offices and 12 bank points (Estonian : pangapunkt). [6] The bank has no offices or bank points outside Estonia. The bank's customers can withdraw money and deposit it in nearly 330 stores across Estonia. The latter distinguishes the bank from other banks operating in Estonia.

In February 2023 the bank had 147,000 everyday banking customers. The bank has a market share of 5.5% in both the deposits and loans market in Estonia. [7]

The bank is listed on Nasdaq Tallinn. [8] On 22 February 2023 Coop Pank was, based on market value, the sixth largest company in Nasdaq Tallinn stock market. [9]

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References

  1. 1 2 "Take a look at what we used be like | Coop Pank". www.cooppank.ee. Retrieved 6 May 2020.
  2. ↑ "Coop Pank | Coop Pank". www.cooppank.ee. Retrieved 6 May 2020.
  3. ↑ "FOTOD | Pilk ajalukku: mida kujutas endast Coop panga eelkäija Krediidipank?". 2 October 2017.
  4. ↑ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  5. ↑ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  6. ↑ "Coop pank - kontorid". 2022-02-22.
  7. ↑ "Coop Pank 2022. aasta IV kvartali ja 12 kuu auditeerimata majandustulemused". 2023-02-09.
  8. ↑ "Coop Pank | Trading — Nasdaq Baltic". nasdaqbaltic.com. Retrieved 6 May 2020.
  9. ↑ "Turukapitalisatsioon". 2023-02-22.
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