Info You cannot make payments to Russia and Belarus and receive payments from these countries through Coop Pank. Detailed information about the sanctions and support for Ukraine is available here.

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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.

Paavo Truu becomes CFO of Coop Pank

Today, on 16 February, Paavo Truu, who was previously CFO and a board member of Coop Eesti Keskühistu, will start working as CFO and a board member of Coop Pank.

Changes to terms and conditions of the fixed-term deposit agreements

As of 14 February 2022, Coop Pank will no longer be entering into fixed-term deposits in American dollars (USD). Existing deposits will remain valid until the term of each deposit expires.

Start of submission of tax returns and issuing of interest certificates

Natural persons can start submitting their tax returns as of 15 February. 2021 tax returns can be submitted to the Tax and Customs Board until 2 May 2022.

Coop Pank started offering a loan at 1% interest to help with the payment of electricity bills

Domestic bank Coop Pank has begun offering its customers a utility loan with an annual interest rate of 1%, which aims to provide an opportunity to defer payment of high heating and electricity bills to a period of up to six months.

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 and 31st of December. On December 24th and January 1st, our offices and customer support will be closed.

Coop Pank financed the expansion of the metal business of Alexela Group

Alexela Group, active in the energy, industrial and real estate sectors, has expanded its portfolio of services in the metal business and acquired Vasar OÜ, the largest producer of electrochemical coatings in Estonia. The domestic bank Coop Pank helped finance the deal.

From 1 January 2022, the payment of interest in the price list of Coop Pank's corporate customer will change

From 1 January 2022, the price list of Coop Pank's corporate customer will change with regard to the payment of interest to current accounts.

Coop Pank expands its cash transportation service

In November, Coop Pank expanded its cash transport service by partnering with Hansab AS to offer merchants and other business customers dealing with cash the opportunity to choose the most suitable cash handling service provider.

Coop Pank started cooperation with the e-residency program

Every year e-residents establish almost 20% of all new Estonian companies and about 30% of all new Estonian start-ups. Coop Pank has joined the e-Residency Marketplace online platform, through which e-resident entrepreneurs can access the international banking services offered by a local Estonian bank.

Coop Pank adds COVID-19 coverage to its travel insurance

Coop Pank has added family coronavirus coverage to its travel insurance with a monthly payment, which covers travel cancellation costs, as well as medical expenses around the world caused by COVID-19.

Coop Pank updated the solution for consolidated payments for companies

On 28 September, Coop Pank updated the consolidated payment solution in its Internet bank, which creates additional options for making consolidated payments for entrepreneurs and makes confirmation of payments faster.

Temporary changes in the operation of Coop Pank's offices

On October 4th, Coop Pank's Tartu city center office at Ülikooli 4 will be temporarily closed. From 5th to 8th October Coop Pank's Tartu Lõunakeskus office will be temporarily closed.

Terms and conditions of travel insurance of Coop Pank banking plan change on 1 October 2021

The main changes are as follows:

The General Terms and Conditions of the bank will change as of 1 October 2021

The main amendments to the General Terms and Conditions are as follows:

New Coop Bank head office opens in Skyon office building

The head office and Tallinn City Centre branch of Coop Pank are new located in the brand new Skyon office building at Maakri 30, Tallinn.

Movement of payments and opening hours of branches on 20 August, Day of Restoration of Independence in Estonia

On 20 August intra-bank and interbank flash payments will move normally. Foreign payments cannot be made during the holidays.

Coop Pank’s legal address to change on 1 August

From 1 August 2021, the new legal address of Coop Pank AS and all of the legal entities belonging to the Coop Pank AS group will be Maakri 30, 15014 Tallinn.

Former head of KredEx Lehar Kütt joins Coop Pank

Starting today, the former chairman of the management board of KredEx Lehar Kütt works at Coop Pank, where he is responsible for managing the area of business financing.

Hansa Candle, the largest candle manufacturer in the Baltics, has new owner

50% owners of Hansa Candle AS sold their shareholding in parent company MCC Group AS to DOORopener OÜ. Hansa Candle is the largest candle manufacturer in the Baltics and one of the largest employers in Viljandi County and has been operating since 1996.

Coop Pank moves its headquarters to the new Skyon business centre

The registered address of Coop Pank and its subsidiaries will change starting on 1 August as Coop Pank’s headquarters will have moved to Skyon business centre. Customer service at the new address, 30 Maakri street, will begin on 16 August.

Coop Pank’s legal address to change on 1 August

On 1 August 2021, the legal address of Coop Pank AS will become Maakri 30, 15014 Tallinn. The bank’s main office will be relocating to this new address over the course of the month.

Coop Pank welcomes its one hundred thousandth client

As Coop Pank entered the stock exchange in 2019, one of its goals was to increase its client base to 100,000. This goal was achieved a year and a half earlier than planned: the one hundred thousandth client, a company named Prelvex AS from Järva County, joined the bank’s clientele yesterday.

Making payments and office hours during the holidays

During the holidays, on June 23 and 24, intra-bank and interbank flash payments will move normally. Foreign payments cannot be made during the holidays.