List of banks in Estonia

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This is a list of banks in Estonia, based on information from the Financial Supervisory Authority. [1] Eesti Pangaliit (Estonian Banking Association) publishes a list of all active banks in the country. [2] There were 35 banks in Estonia in the end of 2023. [3] Estonia's four largest banks by market share are Swedbank, SEB Group, Luminor and LHV Pank. [4] [5]

Contents

The largest banks and financial institutions in Lithuania, Latvia and Estonia are largely the same and mostly dominated by Swedish companies. [6] [7] [8]

Licensed credit institutions in Estonia

Affiliated branches of foreign credit institutions

Related Research Articles

<span class="mw-page-title-main">Nordea</span> Nordic financial institution

Nordea Bank Abp, commonly referred to as Nordea, is a Nordic financial services group operating in northern Europe with headquarters in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001. The Nordic countries are considered Nordea's home market, having finalised the sales of their Polish bank in 2014, Baltic operations in 2019 and completed the exit from Russia in early 2022 following a 2019 decision to close the business there. Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US.

<span class="mw-page-title-main">SEB Group</span> Swedish financial group for corporate customers

Skandinaviska Enskilda Banken AB, abbreviated SEB, is a Swedish bank headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, Germany, and the United Kingdom, the bank's operations are focused on corporate and investment banking services to corporate and institutional clients. The bank was founded in 1972 by the Swedish Wallenberg family, which is still SEB's largest shareholder through major investment company Investor AB. SEB is the largest Swedish bank by both market capitalisationand total assets.

Hansa Group or Hansabank Group was a banking group operating in Estonia, Latvia, and Lithuania owned by the FöreningsSparbanken/Swedbank, a Swedish bank. Following a decision taken by the Swedbank group on 15 September 2008, the name Hansapank/Hansabanka/Hansabankas or Hansabank internationally was discontinued end of 2008 with all operations rebranded under the Swedbank name. The legal name of the bank changed in spring 2009.

<span class="mw-page-title-main">Swedbank</span> Swedish banking group

Swedbank AB is a Nordic-Baltic banking group based in Stockholm, Sweden, offering retail banking, asset management, financial, and other services. Swedbank has a leading presence in Estonia and has a strong presence in Latvia and Lithuania.

<span class="mw-page-title-main">SEB Pank</span> Company based in Estonia

SEB Pank is an Estonian bank, owned by the Swedish bank SEB. SEB is the second largest bank in Estonia and is a member of the international SEB Group. Until 11 April 2005 the name of the bank was Eesti Ühispank, which was originally founded in 1992 from a merger of 10 smaller banks. On 7 March 2008, the bank changed its name to SEB Pank.

<span class="mw-page-title-main">SEB banka</span> Latvian subsidiary of Skandinaviska Enskilda Banken

SEB banka is one of the largest banks in Latvia and a part of the Swedish SEB Group. Nowadays, its main rivals in the Latvian banking market are Swedbank, Luminor and Citadele bank.

<span class="mw-page-title-main">SEB bankas</span>

AB SEB Bankas is a commercial bank in Lithuania. It is the Lithuanian subsidiary of one of the largest Swedish banks, the SEB Group.

<span class="mw-page-title-main">Danske Bank</span> Bank headquartered in Denmark

Danske Bank A/S is a Danish multinational banking and financial services corporation. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail customers. Danske Bank was number 454 on the Fortune Global 500 list for 2011. The largest shareholder with 21% of the share capital is A.P. Moller Holding, the investment holding company of the Maersk family.

The Nasdaq Tallinn AS, formerly known as the Tallinn Stock Exchange, is a stock exchange operating in Tallinn, Estonia. Nasdaq Tallinn is the only regulated secondary securities market in Estonia. The major stock market index is Nasdaq Tallinn, formerly known as TALSE.

<span class="mw-page-title-main">LHV Pank</span> Estonian banking and financial services company

LHV Pank is an Estonian banking and financial services company headquartered in Tallinn. It is a subsidiary of AS LHV Group, a public company listed on the Nasdaq Tallinn Stock Exchange. The bank's clients include private individuals, small and medium-sized companies and institutional investors. LHV Pank is the third largest bank in Estonia. LHV has branch offices in Tallinn, Tartu and Pärnu. LHV Pank employs over 800 people. More than 350 000 clients use the bank's services. LHV Pank is one of the largest brokers on NASDAQ OMX Baltic stock exchanges and the largest broker for Baltic retail investors in international markets.

<span class="mw-page-title-main">Bolt (company)</span> Peer-to-peer ridesharing, food delivery

Bolt is an Estonian mobility company that offers ride-hailing, micromobility rental, food and grocery delivery, and carsharing services. The company is headquartered in Tallinn and operates in over 500 cities in more than 45 countries in Europe, Africa, Western Asia and Latin America. The company has more than 150 million customers and more than 3 million driver and courier partners. The company has plans for an initial public offering in 2025.

Justin Michael Spencer Jenk is a British-Danish business executive and investor. He is a co-founder of the advisory firm, Raktas, and an investor in multiple companies such as: Venturethree, Danfoss-Turbocor, Arcam, Põhjala Brewery and Gate Capital.

<span class="mw-page-title-main">Luminor Bank</span> Company based in Estonia

Luminor Bank AS is a bank headquartered in Tallinn, Estonia, with branches in Latvia and Lithuania. It is the third-largest bank in the Baltics and in Estonia. Luminor has a deposit market share of 16% and lending market share of 22%.

The Estonian Financial Supervisory Authority is the financial supervision and crisis resolution authority of Estonia, responsible for the regulation of financial markets, and has been Estonia's national competent authority within European Banking Supervision since 2014. It is independent from government interference in its decision-making. Finantsinspektsioon is financed by the supervision and procedure fees paid by the subjects of financial supervision.

Coop Pank is an Estonian bank, headquartered in Tallinn. 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.

Banking in Estonia covers banking in Estonia. Banking started with the establishment of the central bank, the Bank of Estonia in 1919. It lost control during the Soviet period when banking was controlled from Moscow by Soviet powers. It was reestablished in 1990. As of 2022 it consists of the central bank and a number of commercial banks providing banking and financial services. Many of the commercial banks operating in Estonia are foreign banks primely from Scandinavia.

Smart-ID is an electronic authentication tool developed by SK ID Solutions, an Estonian company. Users can log in to various electronic services and sign documents with an electronic signature.

References

  1. "Finantsinspektsioon | Avaleht". www.fi.ee. 31 October 2022.
  2. "Members of Estonian Banking Association". Estonian Banking Association (Eesti Pangaliit). 2023-07-28. Retrieved 2024-01-05.
  3. "Number of banks in Estonia 2022". Statista. 2023-01-13. Retrieved 2024-01-05.
  4. "Banks". Invest in Estonia. 2020-10-29. Retrieved 2024-01-05.
  5. "Profits of Estonian commercial banks up by a third, exceed €500 million". ERR. 2023-02-09. Retrieved 2024-01-05.
  6. "Swedes poised to become Baltic banking leaders". baltictimes.com. 1998-11-26. Retrieved 2024-01-05.
  7. "Banks pile in to join Baltic boom". The Banker. 2005-07-03. Retrieved 2024-01-05.
  8. Hanson, Maivi (2007-04-17). "Overview of Baltic Banking Market". The Global Treasurer. Retrieved 2024-01-05.