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Economy and Banking Sector of Estonia

Major Banks of Estonia

Rank
1
Total Assets
13,759.58 mln EUR  (+256.95%)
Market Share
36.87 %
Rank
2
Total Assets
10,984.55 mln EUR  (+3.85%)
Market Share
29.43 %
Rank
3
Total Assets
6,696.14 mln EUR  (+4.97%)
Market Share
17.94 %
Rank
4
Total Assets
3,011.04 mln EUR  (+84.08%)
Market Share
8.07 %
Rank
5
Total Assets
650.50 mln EUR  (+12.39%)
Market Share
1.74 %

#1: Luminor Bank AS

DNB Pank started its operations in Estonia in 2006 with providing corporate banking products and services and then introduced retail banking products and services, leasing and insurance products. In 2017 DNB Pank was superseded by Luminor Bank AS, a joint venture of DNB and Nordea. Luminor Bank provides banking products and services to all customer groups with a special focus on small and medium-sized companies, as well as affluent private clients.

Services
retail banking
corporate banking
Clients
natural persons
companies
Area Served
EEEstonia
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
consumer loans
mortgage loans
car loans
pension accounts
business loans
leasing

Luminor Bank AS is the 1st largest bank in Estonia in terms of total assets. In 2019 its total assets were 13 759,58 mln EUR, providing the bank with the market share of 36.87%. In 2019 the bank's net income was 30,98 mln EUR.

Luminor Bank AS participates in the deposit guarantee scheme of Estonia. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: Swedbank AS

Swedbank AS is a universal bank offering retail and corporate banking products and services to private individuals and companies.

Services
retail banking
corporate banking
Clients
natural persons
legal entities
Area Served
EEEstonia
internationally (connected to Estonia)
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
trading accounts
leasing
pension accounts
investment funds
business loans

Swedbank AS is the 2nd largest bank in Estonia in terms of total assets. In 2019 its total assets were 10 984,55 mln EUR, providing the bank with the market share of 29.43%. In 2019 the bank's net income was 176,64 mln EUR.

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

#3: AS SEB Pank

AS SEB Pank is a universal bank, offering retail, private and corporate banking products and services to individuals and companies. AS SEB Pank also offers pension plans and insurance.

Services
retail banking
private banking
corporate banking
Clients
natural persons
legal entities
Area Served
EEEstonia

AS SEB Pank is the 3rd largest bank in Estonia in terms of total assets. In 2019 its total assets were 6 696,14 mln EUR, providing the bank with the market share of 17.94%. In 2019 the bank's net income was 100,96 mln EUR.

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

#4: AS LHV Pank

LHV Group is an Estonian financial company founded in 1999 as an investment firm offering brokerage servcies and portfolio management services. In 2009 the group established LHV Pank. LHV Pank provides retail and corporate banking products and services to private individuals and companies. LHV Pank also offers pension funds and online brokerage services.

Services
retail banking
private banking
corporate banking
leasing
Area Served
EEEstonia
DEGermany
Products
current accounts
debit cards
credit cards
savings accounts
consumer loans
overdraft facility
salary accounts
start-up accounts
micro loans
working capital loans
investment loans
trade finance

AS LHV Pank is the 4th largest bank in Estonia in terms of total assets. In 2019 its total assets were 3 011,04 mln EUR, providing the bank with the market share of 8.07%. In 2019 the bank's net income was 17,77 mln EUR.

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

#5: OP Corporate Bank plc Eesti filiaal

Pohjola Bank plc Eesti filiaal (OP Corporate bank) offers its corporate customers tailor-made payment, financing and cash management solutions.

OP Corporate Bank plc Eesti filiaal is the 5th largest bank in Estonia in terms of total assets. In 2019 its total assets were 650,50 mln EUR, providing the bank with the market share of 1.74%. In 2019 the bank's net income was 1,35 mln EUR.

OP Corporate Bank plc Eesti filiaal participates in the deposit guarantee scheme of Finland. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also