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Rasmus Heinla and Arko Kurtmann commenced work in the Management Board of Coop Pank

Starting today, 2 November, two new members commenced work in the Management Board of Coop Pank – the head of private banking Rasmus Heinla and the head of corporate banking Arko Kurtmann.

Coop Pank continued to grow its loan and deposit portfolio

Estonian domestic bank Coop Pank continued to grow its loan and deposit portfolio in the third quarter, according to the bank's third quarter interim report. Margus Rink, Chairman of the Management Board, said that this confirms that Coop Pank will fulfill the promises given to investors.

Two new members of the Management Board will join Coop Pank

The Supervisory Board of Coop Pank elected Rasmus Heinla and Arko Kurtmann as new members of the Management Board. Heinla will be responsible for private banking, and Kurtmann for corporate banking.

Coop Pank car dealership increases its selection of Škoda vehicles

This week Coop Pank car dealership which according to the new concept has offered cars in Estonia since the beginning of June has expanded its range of Škoda cars following the growing interests of clients.

Kia models are added to Coop Liising car dealership

The leasing subsidiary of Coop Pank, which according to the new concept has also independently offered cars in Estonia since the beginning of June, has now expanded its range of Škoda cars with the most popular Kia models.

Movement of payments and opening hours of branches during holidays

Payments between banks will not be transferred 20 August due to the public holiday. Payments within Coop Bank and instant payments system will be transferred as normal.

Customers of Coop Pank's Lasnamäe office are welcome to the office in the city center

Coop Pank's office in Lasnamäe's Vesse shopping center has been closed due to a fire in the center on Sunday. Customers of the Lasnamäe office can perform banking operations at Coop Pank's city center office from Monday to Friday from 10:00 to 18:00 at Narva mnt 4, Tallinn.

Coop Pank warns of scam calls made in the bank's name

Attention!

Coop Pank sustained growth despite the restrictions due to the coronavirus crisis

Estonian domestic bank Coop Pank sustained growth in the 2nd quarter of this year having increased its loan portfolio and the amount of deposits by 50% year-on-year, according to the bank’s interim report for the 2nd quarter.

Changes to private customer price list as of 1 July 2020

The credit card price list will now include a fee for making a payment from a card account to a current account. 

Coop Pank to raise instant payment limit to 100,000 euros from 1 July 2020

Coop Pank has enabled its clients to make euro payments moving in real time, otherwise known as instant payments, since April 2019.

Movement of payments and opening hours of branches during holidays

Payments between banks will not be transferred 23 and 24 of June due to the public holiday. Payments within Coop Bank and instant payments system will be transferred as normal.

Coop Pank will use the Tax and Customs Board data to expedite loan decisions

Coop Pank began to offer an opportunity to use the information provided to the Tax and Customs Board when making decisions on loan applications. This will make the process of applying for a loan easier, and clients will be able to get their answers faster.

Coop Liising starts selling cars itself

Coop Liising, the leasing subsidiary of Coop Pank, starts selling cars itself this week, using a novel concept for the first time in Estonia. The first batch available for clients will be Škodas, but the company is open to collaboration with other automobile manufacturers.

Coop Pank shareholders elected a new bank’s council

At a regular general meeting of shareholders held on Thursday, Coop Pank shareholders elected the new six-member council of the bank.

PZU Kindlustus insurance company to insure the property of Coop’s associations

Coop Kindlustusmaakler, an insurance broker which is a subsidiary of Coop Pank, carried out a joint procurement to insure the assets of Coop’s associations and bank. As the result, the tender by PZU Kindlustus was proclaimed successful.

Coop Pank started to offer the factoring service to companies

Coop Pank brought to the market the factoring service, the goal of which is to provide companies with a possibility to fund sales invoices of their customers by offering them longer payment periods, which in turn will help them to improve money flows and increase competitiveness.

Coop Pank waives the fee for early repayment of small loans

Starting on 20 May, Coop Pank is changing its price list of services for private clients and waiving the fee for the early repayment of small loans, which used to be charged in the amount of up to 1% of the loan.

Terms and conditions of private client credit cards to change in July

The standard terms and conditions of both revolving and fixed-payment credit card agreements for private clients of Coop Pank will be changing on 1 July 2020.

Movement of payments and opening hours of branches during holidays

Payments between banks will not be transferred 1st of May due to the public holiday. Payments within Coop Bank and instant payments system will be transferred as normal.

Coop Pank concluded a mortgage loan agreement using contact-free distant notarial authentication for the first time

Domestic Coop Pank started providing the option of distant notarial authentication of loan contracts and concluded the first contact-free loan contract for real estate financing on Wednesday, 22 April. The entire process, starting from application and up to concluding a notarial transaction by means of distant authentication, was conducted through online channels without meetings in person.

Coop Pank will hold an Investor Webinar to introduce the results of the Q1 2020

Coop Pank invites shareholders, investors, analysts and other stakeholders to join its investor webinar, scheduled on 21th of April 2020 at 11 am (EET). The webinar will be held in Estonian.

Movement of payments and opening hours of branches during holidays

Payments between banks will not be transferred from 10th till 13rd of April due to the public holiday. Payments within Coop Bank and instant payments system will be transferred as normal.

Coop Pank raises contactless payment limit to €50

Thanks to their speed and convenience, contactless payments have become an inseparable part of everyday shopping.

Coop Pank introduced a new person identification system

Starting on 4 March, the clients of Coop Pank will be able to prove their identity by means of the video verification system on the basis of Veriff’s technology and will not have to go to the bank’s branch office in person to sign a small loan contract.

Subsidiary of Coop Pank actively enters the insurance brokerage market

Coop Kindlustusmaakler AS, the youngest subsidiary of Coop Pank established last fall that so far have acted as an intermediary in insurance matters only for current bank customers now offers insurance solutions to the general public.

Planned maintenance

Due to planned maintenance, there may be interruptions in the operation of the Coop Internet Bank and Mobile Bank from 2:00-5:00 on 25 February.

Estonia’s largest local government Pärnu City became a client of Coop Pank

Estonia’s largest local government Pärnu City became a client of Coop Pank, which makes it possible for the residents of Pärnu to make payments to the city government’s current account in Coop Pank in addition to the accounts in four other banks.

Coop Pank expanded the cash withdrawal and deposit service to credit cards as well

All private and corporate customers of Coop Pank can use their credit cards to withdraw and deposit cash at Coop stores from 13 February.

Coop Pank results for January 2020

Coop Pank’s financial results in January 2020: