Coop Pank

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.

Coop Pank
TypePublicly traded
Nasdaq Tallinn
IndustryFinancial services
PredecessorEesti Krediidipank (established in 1992)
Founded1992 (1992)
HeadquartersTallinn, Estonia
Key people
Margus Rink (CEO), Alo Ivask (Chairman)
ProductsRetail banking, merchant banking, life insurance, pensions
RevenueEUR 23,82 million (2019)
EUR 5,53 million (2019)
OwnerCoop Investeeringud OÜ (24,98%)
Number of employees
230 (end 2019)
SubsidiariesCoop Liising AS

Coop Finants AS
Coop Kindlustusmaakler AS
AS Martinoza

SIA Prana Property
Websitehttps://www.cooppank.ee/en

The bank was established in 1992 under the name Eesti Krediidipank. In 2017 the bank was renamed Coop Pank.[1] In 2020 the bank had 15 offices and 17 bank points (Estonian: pangapunkt).[3] 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. Bank has internet bank and mobile bank. The Bank has joined with the flash payment system R1 that is developed in Estonia by Eesti Pank, which gives customers the opportunity to make flash payments. In 2020, the bank's customer base has grown by 36%, reaching 84,100 people at the end of November. At the same time, the bank's loan portfolio has grown by 44% and the volume of deposits by 47%.[3] The bank is listed on Nasdaq Tallinn.[4]

References
  1. "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. "Coop Panga klientide arv on hüppeliselt kasvanud: 100 000 inimese piir pole enam kaugel" (in Estonian). 11 December 2020.
  4. "Coop Pank | Trading — Nasdaq Baltic". nasdaqbaltic.com. Retrieved 6 May 2020.
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