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Economy and Banking Sector of Estonia

Major Banks of Estonia

Rank
1
Total Assets
10,577.24 mln EUR  (+6.16%)
Market Share
40.50 %
Rank
2
Total Assets
6,378.82 mln EUR  (+7.76%)
Market Share
24.42 %
Rank
3
Total Assets
3,854.76 mln EUR  (+7.70%)
Market Share
14.76 %
Rank
4
Total Assets
1,635.70 mln EUR  (-5.24%)
Market Share
6.26 %
Rank
5
Total Assets
1,195.22 mln EUR  (-23.26%)
Market Share
4.58 %

#1: 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
Estonia
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 1st largest bank in Estonia in terms of total assets. In 2018 its total assets were 10 577,24 mln EUR, providing the bank with the market share of 40.50%. In 2018 the bank's net income was 183,20 mln EUR.

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

#2: 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
Estonia

AS SEB Pank is the 2nd largest bank in Estonia in terms of total assets. In 2018 its total assets were 6 378,82 mln EUR, providing the bank with the market share of 24.42%. In 2018 the bank's net income was 85,79 mln EUR.

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

#3: 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 In 2017 DNB Pank was superseded by Luminor Bank AS, a joint venture of DNB and Nordea.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
Estonia
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 3rd largest bank in Estonia in terms of total assets. In 2018 its total assets were 3 854,76 mln EUR, providing the bank with the market share of 14.76%. In 2018 the bank's net income was 41,87 mln EUR.

Luminor Bank AS participates in 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
Estonia
Germany
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 2018 its total assets were 1 635,70 mln EUR, providing the bank with the market share of 6.26%. In 2018 the bank's net income was 15,54 mln EUR.

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

#5: Danske Bank A/S Eesti filiaal

Danske Bank A/S, branch in Estonia offers a broad range of banking products to business customers and individuals non-residents of Estonia. In February 2019, the Estonian Financial Supervision Authority (the Estonian FSA) issued a precept prohibiting Danske Bank from operating in Estonia as a result of the case concerning our legacy non-resident portfolio in Estonia in the period from 2007 to 2015. In November 2019, Estonian private client credit portfolio of Danske Bank A/S Estonia branch acquired by LHV Pank, business clients of Danske Bank A/S Estonia are served through Danske Bank A/S Lietuvos filialas.

Services
retail banking
private banking
corporate and investment banking
wealth management
corporate banking
personal international banking
Clients
individuals
businesses
institutions
legal entities, natural persons non-resident in Estonia
Products
current accounts
credit cards
savings accounts
time deposit accounts
consumer loans

Danske Bank A/S Eesti filiaal is the 5th largest bank in Estonia in terms of total assets. In 2018 its total assets were 1 195,22 mln EUR, providing the bank with the market share of 4.58%. In 2018 the bank's net income was 5,00 mln EUR.

Danske Bank A/S Eesti filiaal participates in deposit guarantee scheme of Denmark. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also