To homepage
  • Private client
  • Business client
  • Investor
  • Coop Pank
  • Help and info
  • Coop
  • ET
  • EN
  • RU
Internet bankBecome a client
  • Homepage
    • Become a client
    • Starting entrepreneurs
    • Settlements
    • Cards
    • Payments
    • Gateway interface
    • Cash
    • Service channels
    • Partner offers
    • Overdraft facility
    • Business loans
    • Small loan for starting entrepreneurs
    • Apartment association loan
    • Leasing
    • Car rental
    • Guarantees
    • Factoring
    • E-commerce
    • Payment collection at point of sale
    • Collecting payments with e-invoices
    • Bank link
    • Current account
    • Term deposit
    • Motor insurance
    • Comprehensive insurance
    • Property insurance
    • Business interruption insurance
    • Construction insurance
    • Liability insurance
    • Machinery and equipment insurance (CPM)
    • Carrier’s liability insurance (CMR)
    • Coop Kindlustusmaakler

Coop Pank

  • Join us
  • Become a client
  • Become a business clients
  • Interfaces
  • Open Banking

Legal information

  • Bank conditions
  • Know Your Customer principle
  • Processing customer data
  • Cookie policy

Info and help

  • Offices
  • Terms and conditions & price list
  • Deposit interests
  • Currencies
  • Data security and scams
  • FAQ
  • Transfer of settlement services

Customer Support

669 0966
Mon-Fri 08.30-19.00

klienditugi@cooppank.ee

Available 24/7 for blocking the card or Internet bank access: 669 0966

Coop Pank
  • Facebook
  • Instagram
  • Youtube
  • Linkedin
Coop Pank AS, Maakri 30, 15014 Tallinn, Registry code: 10237832, SWIFT/BIC: EKRDEE22

You are on the website of the companies Coop Pank AS and Coop Liising AS that provide financial services and the insurance marketing company Coop Kindlustusmaakler AS. Before committing to an agreement read the terms and conditions of the respective service and, if necessary, consult an expert. By continuing to use the site, you are agreeing to the terms and conditions of website use.

    Guarantee

    Two people are discussing something at a table in a café. On the table, there is a laptop and a contract.

    A guarantee helps secure the various risks and obligations arising from contracts in local and international business.

    A letter of guarantee issued by Coop Bank gives your partner the reassurance that they will receive the amount agreed in the letter of guarantee if your company does not perform its contractual obligations.

    We offer various types of guarantees so you can find the one that suits you the most.

    Handling according to international rules

    We issue guarantees according to URDG 758 (Uniform Rules for Demand Guarantees) and the law of Estonia.

    Submission of payment claims is easy

    A bank guarantee is an independent obligation and not legally connected to the purchase and sales contract. The submission of a payment claim is easy and the bank will pay out the amount agreed in the letter of guarantee on the first demand.

    Guarantee types

    Advance payment guarantee - The bank guarantees that a prepayment made is refunded to the guarantee recipient if the requestor of the guarantee is incapable of performing their contractual obligations.

    Payment guarantee - The bank guarantees payment for goods or services to the guarantee recipient if the requestor of the guarantee has not performed their payment obligation by the due date of the payment.

    Bid guarantee - The bank guarantees the organizer of the public tender (the guarantor) the reimbursement of expenses if the tenderer waives the offer, does not conclude an agreement under the terms of the offer or fails to provide a guarantee of performance to the recipient after the conclusion of the contract.

    Performance guarantee - The bank guarantees the payment of compensation to the guarantee recipient if the requestor of the guarantee does not comply with the terms and conditions agreed in the contract.

    Warranty guarantee - The bank guarantees compensation to the guarantee recipient for the cases where the requestor of the guarantee does not eliminate deficiencies in delivered goods or performed work.

    Customs guarantee - The bank guarantees the obligation to pay customs duties to the Tax and Customs Board.

    A man in a blue suit is working on a laptop at a table in a spacious office.

    Guarantee - Good to know

      • Registered company in the Republic of Estonia or self-employed person

      • Presence of a current account at Coop Pank

      • Settlement in Coop Pank or another bank for the last 6 months

      • Advance guarantee or loan experience

      • Application
      • Financial statements

        - annual accounts for the past 2 financial years (audited accounts if subject to an audit obligation and no accounts have been submitted to the Commercial Register)

        - quarterly financial statements for the current financial year, not older than 2 months

      • The use of the guarantee, description of the guarantee of the performance of the guaranteed obligations

      • documents on which the guarantee is based - cooperation agreement, order, invoice, guarantee form, etc.

      • Expert assessment of the collateral

    • The bank guarantee is an irrevocable obligation of the bank, which is why we regard applications for a guarantee equally with applications for any other credit products.

      Collaterals:

      • Mortgage of immovable property (plot of land, building, apartment)

      • Term deposit

      • EIS (former KredEx) guarantee

      • MES guarantee

      • Commercial pledge for fixed assets and other movable property

      • The vehicle's registerpant

      • Private individual or legal person as a guarantor

      • Other collateral accepted by Coop Pank

    • See the price list of Coop Pank.
    Helo Koskinen
    Helo KoskinenRegional Manager of Business Client Financing
    +372 525 2905
    helo.koskinen@cooppank.ee
    Aleksandr Tšekmazov
    Aleksandr TšekmazovTrade Finance Manager
    +372 5352 2135
    aleksandr.tsekmazov@cooppank.ee
    Deiro Kaju
    Deiro KajuBusiness Client Relationship Manager
    +372 5333 4326
    deiro.kaju@cooppank.ee
    Deniss Gorbušin
    Deniss GorbušinBusiness Client Relationship Manager
    +372 5358 3098
    deniss.gorbusin@cooppank.ee
    Ervin Jõgi
    Ervin JõgiBusiness Client Relationship Manager
    +372 5307 9299
    ervin.jogi@cooppank.ee
    Irina Jermolajeva
    Irina JermolajevaBusiness Client Relationship Manager
    +372 522 6938
    irina.jermolajeva@cooppank.ee
    Janek Skripka
    Janek SkripkaBusiness Client Relationship Manager
    +372 5303 4540
    janek.skripka@cooppank.ee
    Kersti Maisvee
    Kersti MaisveeBusiness Client Relationship Manager
    +372 511 9144
    kersti.maisvee@cooppank.ee
    Kristo Aab
    Kristo AabBusiness Client Relationship Manager
    +372 503 0532
    kristo.aab@cooppank.ee
    Ligia Tenina
    Ligia TeninaBusiness Client Relationship Manager
    +372 505 7543
    ligia.tenina@cooppank.ee
    Madis Hünerson
    Madis HünersonBusiness Client Relationship Manager
    +372 515 2819
    madis.hunerson@cooppank.ee
    Merit Mängli
    Merit MängliBusiness Client Relationship Manager
    +372 5342 0178
    merit.mangli@cooppank.ee
    Svetlana Tanina
    Svetlana TaninaBusiness Client Relationship Manager
    +372 5197 1766
    svetlana.tanina@cooppank.ee
    Svetlana Szegfü
    Svetlana SzegfüBusiness Client Relationship Manager
    +372 528 6718
    svetlana.szegfu@cooppank.ee
    Villi Hunt
    Villi HuntBusiness Client Relationship Manager
    +372 5331 5160
    villi.hunt@cooppank.ee