Coop Pank AS (formerly AS Eesti Krediidipank)

Coop Pank was established in Autumn 2017 as a cooperative bank, owned by Estonian consumer cooperatives as well as their clients (owners). Coop Pank is focused on providing simple and straight-forward banking products for daily banking and financing particularly to private persons, as well as small and medium-sized companies.

Services

Retail Banking
Corporate Banking

Products

Financials

Total Assets (2017)
367.31 mln EUR  (+26.62%)
Net Income (2017)
-290 000.00 EUR

Coop Pank AS is the 8th largest bank in Estonia in terms of total assets. In 2017 its total assets were 367,31 mln EUR, providing the bank with the market share of 1.45%. In 2017 the bank's net income was -290 000,00 EUR.

Coop Pank AS participates in deposit guarantee scheme of Estonia. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Narva mnt 4, 15014, Tallinn, Estonia
(+372) 669 0900
(+372) 661 6037

Coop Pank AS is headquartered in Tallinn.

Bank Identifiers

BIC (SWIFT)
EKRDEE22
MFI ID
EE10237832
Company Number
10237832

Business Summary

Eligible Clients
natural persons, SMEs, companies
Services
retail banking
corporate banking
Products
current accounts
time deposit accounts (1.12 - 1.17 %)
payment cards
car loans
consumer loans
business loans
leasing
trade finance

Coop Pank AS provides products and services in the areas of retail banking, corporate banking. The range of products offered by Coop Pank AS includes current accounts, time deposit accounts (1.12 - 1.17 %), payment cards, car loans, consumer loans, business loans, leasing, trade finance. Coop Pank AS makes its solutions available to natural persons, SMEs, companies.

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with Coop Pank AS are covered by deposit guarantee scheme of Estonia up to 100 000 EUR per depositor. Coop Pank AS offers the following time deposit accounts.

Updated on 17 December 2018

Flexgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.12 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Flexgeld
Account Currency
EUR
Interest Rate (p.a.)
1.12 %
Deposit Term (months)
12
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Flexgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.12 %
Deposit Term (months)
24
Time Deposit Account Details
Product Name
Flexgeld
Account Currency
EUR
Interest Rate (p.a.)
1.12 %
Deposit Term (months)
24
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Flexgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.17 %
Deposit Term (months)
36
Time Deposit Account Details
Product Name
Flexgeld
Account Currency
EUR
Interest Rate (p.a.)
1.17 %
Deposit Term (months)
36
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
367.31 mln EUR  (+26.62%)
Total Equity (2017)
42.06 mln EUR  (+41.79%)

In 2017 total assets of Coop Pank AS were 367.31 mln EUR. Growth compared to the previous period (2016) was 26.62%. The evolution of the total assets of Coop Pank AS is shown at Chart 1 below.

Total Assets of Coop Pank AS.

Chart 1. Total Assets of Coop Pank AS.

Recent changes in total assets of Coop Pank AS and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 105.0 44.8 -57.33%
Loans 168.0 238.0 +41.66%
Total Assets 290.1 367.3 +26.62%
Table 1. Recent changes in total assets of Coop Pank AS (mln EUR).

Recent changes in total liabilities of Coop Pank AS and its main components are shown in Table 2.

2016 2017 % change
Deposits 258.6 317.0 +22.58%
Total Liabilities 290.1 367.3 +26.62%
Table 2. Recent changes in total liabilities of Coop Pank AS (mln EUR).

Profit and Loss

Net Income (2017)
-290 000.00 EUR

Recent changes in gross profit of Coop Pank AS and its main components are shown in Table 3.

2016 2017 % change
Interest Income 7.7 9.6 +25.64%
Interest Charges -1.7 -1.9 +11.97%
Commission Income 3.1 2.4 -23.48%
Commission Charges -0.7 -0.9 +21.57%
Table 3. Recent changes in gross profit of Coop Pank AS (mln EUR).

In 2017 net income of Coop Pank AS was -290 000.00 EUR. Decline compared to the previous period (2016) was -111.54%. The evolution of the net income of Coop Pank AS is shown at Chart 2 below.

Net Income of Coop Pank AS.

Chart 2. Net Income of Coop Pank AS.

Market Share and Rank (among banks in Estonia)

Total Assets (2017)
8th (market share 1.45%)
Loans (2017)
8th (market share 1.29%)
Deposits (2017)
8th (market share 1.48%)

In 2017 Coop Pank AS was ranked the 8th largest bank in Estonia in terms of total assets, having 1.45% of the domestic market share.

Market share of Coop Pank AS (among banks in Estonia)

Chart 3. Market share of Coop Pank AS (among banks in Estonia)

Several banks having the market shares and ranks closest to Coop Pank AS are shown below.

RankNameTotal AssetsMarket Share
7Bigbank AS457.44 mln EUR1.81%
8Coop Pank AS367.31 mln EUR1.45%
9Versobank AS (closed)293.73 mln EUR1.16%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Estonia are obliged to participate in Estonian deposit guarantee scheme.

In the case of Coop Pank AS failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Coop Pank AS and its components are shown in the table below.

BIC  EKRDEE22
Bank BIC Code  EKRD
Country Code  EE (Estonia)
Location Code  22
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Coop Pank AS is shown in the table below.

MFI ID  EE10237832

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  10237832