Info  Dear client! Fraudulent phone calls and scam e-mails on behalf of banks are common, with scammers trying to gain access to a client’s bank account. Never enter PIN codes if you have not initiated the transaction yourself and remember that the bank will never ask for the PIN 2 code when entering the internet bank!

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Buy a motor insurance on the Coop Pank website with just a few clicks

Coop Kindlustusmaakler insurance broker now offers a convenient way to buy motor insurance on the Coop Pank website in just a couple of minutes.

Declaration of income begins

Submission of personal income tax returns will start on 15 February. You can submit your tax return for 2022 to the Tax and Customs Board until 2 May 2023.

Fraudulent websites in the name of Coop Pank are spreading

Coop Bank warns that websites with a design very similar to the design of Coop Pank’s website, but with an incorrect web address, have been spreading actively in the last few days and criminals are using them to gain access to the PINs of users who log in the websites.

Coop Pank AS (registry code 10237832) publishes a notification on the basis of subsection 70 (1) of the Credit Institutions Act

On 19 December 2022, Coop Pank AS as the acquiring company received permission from the Financial Supervision Authority to merge with CP Varad AS, a 100% subsidiary of Coop Pank AS.

Movement of payments and opening hours of branches during holidays

During holidays our offices and customer support will be open till 2 p.m. on December 23. On December 24 to December 26, our offices and customer support will be closed.

Changes to business client price list as of 1 January 2023

We would like to let you know that changes to our business client price list will be coming into effect on 1 January 2023:

For the employees

We consider our management culture to be open and modern, and we’re guided by regulations and international standards such as human rights, labour law and the fight against discrimination. In our operations we’re led by best practice in company management and banking, the principles of responsible lending, other guidelines issued by financial supervision authorities and valid legal acts.

For the environment

It’s important to Coop Pank that our everyday activities have a clear positive impact on the environment. In order to contribute to the development of sustainability, we joined the Responsible Business Forum in 2021, for which we were awarded a Bronze Label in 2022. Via the forum we’re contributing to the development of a framework for responsible business practices and to the achievement of both the UN Sustainable Development Goals and the objectives of the Paris Agreement on climate change.

For the community

The shared goal of Coop Pank and the Coop retail chain is to further life in every corner of Estonia. It’s important to us that products and services that are needed on an everyday basis are accessible to everyone close to their homes.

Changes to private client price list and to the standard terms and conditions of the services for private and business clients as of 1 January 2023

We would like to let you know that changes to our private client price list and to the standard terms and conditions of the following services will be coming into effect on 1 January 2023:

Changes to private client price list as of 1 November 2022

The following changes to our private client price list will be coming into effect on 1 November 2022:

Coop Pank plans to raise additional capital for growth and issue new shares

Coop Pank, which has significantly increased its activity in recent years and today has a market share of over 5%, wishes to raise about 15 million euros of additional capital to finance its growth and proposes to shareholders the issue of new shares, providing existing shareholders a subscription preference. The exact share price, offer terms and issue schedule will be confirmed at the start of the share subscription period.

Terms and conditions of bank link contract to change on 1 November 2022

On 1 November 2022, Coop Pank will be updating the terms and conditions of its bank link contract in connection with the transition to the new version of bank link,

Amended principles of processing customer data to come into effect on 1 October 2022

On 1 October 2022 Coop Bank will update the principles of processing customer data. The main changes are as follows:

Changes in connection with Coop Pank’s banking plan travel insurance

The main changes are as follows:

Coop Pank to assess its loan portfolio climate impact

In order to determine the impact that its lending and investment activities have on the environment, Coop Pank has joined the Partnership for Carbon Accounting Financials (PCAF).

We stop accepting payments related to Russia and Belarus

Due to the sanctions regarding the Russian-Ukrainian war, from 19.08.2022 Coop Pank AS stops accepting payments from Russia and Belarus.

Changes to business client price list as of 1 September 2022

Coop Pank will be updating its business client price list on 1 September 2022.

Coop Pank started offering the possibility of fixing the interest rates on home loans

From Friday, July 1, 2022, Coop Pank started offering the possibility of fixing the interest rate on home loans for 5 years.

Changes to the Coop Pank price list and the standard terms and conditions of term deposit contracts

Coop Pank is set to make a number of changes to the price lists for its private and business clients and to the standard terms and conditions of term deposit contracts, of which the most important are as follows.

Coop Pank raises interest rates on fixed-period deposits to 2%

For the first time in the last five years, Coop Pank has raised interest rates on fixed-period deposits – for longer-term deposits, interest rates have doubled on average and now reach up to 2%.

Coop Pank will start sending IT devices for reuse

Coop Pank has entered into a cooperation agreement with GreenDice, which will refurbish and reuse Coop Pank's old IT devices.

Movement of payments and opening hours of branches during holidays

Due to holidays our offices and customer support will be opened till 2 p.m. on June 22. On June 23 and June 24 our offices and customer support will be closed.

Movement of payments and opening hours of branches during holidays

Payments between banks will not be transferred from 15th till 18th of April due to the public holiday. Payments within Coop Bank and instant payments system will be transferred as normal.

New leasing insurance helps in cases of job loss and accidents

Coop Pank is introducing the insurance that protects private individuals buying cars with the help of leasing against payment difficulties in the event of job loss and disability. Leasing insurance is provided by the bank’s subsidiary Coop Liising AS in cooperation with If P&C Insurance AS.

Subscription for Coop Pank bonds was exceeded by 1.7 times

Investors exceeded the subscription for unsecured subordinated bonds of Coop Pank, which ended last week, by 1.7 times. The bank took the opportunity to increase the volume of the issue to 10 million euros.

Coop cooperatives and Coop Pank support Ukrainians with €1 million

The regional cooperatives of Coop and Coop Pank support the operations of the Red Cross in Ukraine with €1 million to help people affected by the war with basic necessities.

Payments from Coop Bank to Ukrainian banks are free of charge

In order to make it as easy as possible for all natural persons and legal entities who would like to support the people of Ukraine, Coop Bank allows its customers to make payments to Ukrainian banks without any service charges.

Coop Pank issues subordinated bonds worth 8 million euros

On Tuesday, February 22, 2022, Coop Pank announced a public offering of subordinated bonds – it wishes to raise 8 million euros to increase the bank's capital and finance business growth.

Movement of payments and opening hours of branches during holidays

Due to holidays our offices and customer support will be opened till 2 p.m. on 23rd of February. On February 24th our offices and customer support will be closed.