AS Versobank was founded in October 1999. Versobank offers retail banking products and services to natural persons and legal entities residents of Estonia. Debit and credit cards are also offered to non-residents. On March 29, 2018 the European Central Bank (ECB) has revoked the authorisation of AS Versobank to operate as a credit institution following the request of Financial Inspection of Estonia due to its failure to eliminate severe breaches of legal requirements to prevent money laundering and combating terrorism financing.
Versobank AS was the 9th largest bank in Estonia in terms of total assets. In 2017 its total assets were 293,73 mln EUR, providing the bank with the market share of 1.16%. In 2017 the bank's net income was 298 000,00 EUR.
Versobank AS participates in deposit guarantee scheme of Estonia. This scheme covers accounts up to 100,000 EUR per bank per depositor.
Versobank AS was headquartered in Tallinn.