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A guarantee helps secure the various risks and obligations arising from contracts in local and international business. We offer various types of guarantees so you can find the one that suits you the most.

Irrevocable obligation of the bank

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.

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.

More information


Helo Koskinen
Regional Manager of Business Client Financing
+372 525 2905

Villi Hunt

Villi Hunt
Business Client Relationship Manager
+372 5331 5160


Deniss Gorbušin
Business Client Relationship Manager
+372 664 0774


Merit Mängli
Business Client Relationship Manager
+372 664 1886

Svetlana Szegfü.png

Svetlana Szegfü
Business Client Relationship Manager
+372 528 6718

Kersti Maisvee

Kersti Maisvee
Business Client Relationship Manager
+372 511 9144


Argo Randloo
Business Client Relationship Manager
+372 566 45058

Aleksandr Tšekmazov

Aleksandr Tšekmazov
Trade Finance Manager
+372 669 0992


Deiro Kaju
Business Client Relationship Manager
+372 664 0759


Ervin Jõgi
Business Client Relationship Manager
+372 782 8761


Madis Hünerson
Business Client Relationship Manager
+372 515 2819

Ligia Tenina

Ligia Tenina
Business Client Relationship Manager
+372 505 7543

Svetlana Tanina

Svetlana Tanina
Business Client Relationship Manager
+372 5197 1766


Irina Jermolajeva
Business Client Relationship Manager
+372 522 6938

  • 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.
  • 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

See the price list of Coop Pank.

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.


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