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.
Becoming a client of Coop Pank AS can be done in a few steps:
Due to regulatory requirements Coop Pank AS performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Coop Pank AS will ask him/her to provide the following documents: passport; proof of address. For corporate clients Coop Pank AS will ask to provide corporate documentation as well as information about controlling persons. Coop Pank AS may request additional documentation or information depending on the case. Coop Pank AS performs client's identity verification via branch visit.
Coop Pank AS is the 6th largest bank in Estonia in terms of total assets. In 2019 its total assets were 597,96 mln EUR, providing the bank with the market share of 1.60%. In 2019 the bank's net income was -278 000,00 EUR.
Coop Pank AS participates in the deposit guarantee scheme of Estonia. This deposit guarantee scheme applies to current accounts, demand deposits, term deposits made by natural persons (Estonian and foreign), legal entities (Estonian and foreign) and covers up to up to 100,000 EUR per bank per depositor. Coop Pank AS is a member of Guarantee Fund of Estonia (GFE) and makes its contributions into it.
Coop Pank AS is headquartered in Tallinn.
Coop Pank AS has profiles at the following social networks: