What Coop Pank does

Coop Pank AS is an Estonian universal bank and one of five such institutions operating in Estonia. Founded in 2017 and headquartered in Tallinn, the bank is strategically owned by Coop Eesti, the Estonian retail cooperative chain, which provides it with physical branch distribution inside Coop supermarkets and digital banking channels (internet and mobile). The bank holds 234,500 customers as of May 2026, up 9% year-over-year, and operates across retail banking, SME lending, and leasing via its wholly-owned subsidiary Coop Liising AS. Its core balance sheet metrics are a €2.22 billion loan portfolio (+18% YoY) and €2.15 billion in customer deposits (+11% YoY), with net profit of €13.9 million for the first five months of 2026 (+14% YoY) and a 14.2% return on equity at a 50% cost-to-income ratio.

The bank makes money principally through net interest income on its loan-and-deposit franchise plus banking fees and commissions. It has built out a diversified wholesale funding stack including a €750 million covered bond program (€450 million issued, listed on Euronext Dublin), Tier 2 subordinated bonds, and partnership facilities with the European Investment Bank Group (€249 million synthetic securitisation for SME lending) and the European Energy Efficiency Fund (€20 million across two subordinated loans for energy-efficiency and renewable-energy financing). The bank is publicly listed on Nasdaq Tallinn (CPA1T) and conducts retail-facing public bond offerings in Estonia. Its stated strategic objectives are to grow loan-portfolio market share toward 10% in Estonia and to double net profit by 2030, supported by 2026 Moody's rating upgrades to Aaa (covered bonds) and Baa1 (deposits).

Name

Coop Pank

Legal name

Coop Pank AS

Website

https://cooppank.ee

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Coop Pank AS is an Estonian universal bank serving 234,500 retail and SME customers through Coop Eesti retail-store branches and digital channels, generating income from loans (€2.22B), deposits (€2.15B), and capital-markets issuance on Nasdaq Tallinn and Euronext Dublin.

Ownership category

akta.pro rank

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Traditional banking revenue from interest earned on loans (€2.22 billion loan portfolio) minus interest paid on deposits (€2.15 billion). Represents core banking income.
2. Banking Fees and Commissions: Fee income from banking services, account management, transactions, and other banking operations.
3. Bond Issuance Programs: Issuance of covered bonds and subordinated bonds to institutional and retail investors, generating capital for lending operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Coop Pank AS is an Estonian universal bank offering retail and business banking products including deposit accounts, loan products (consumer, mortgage, SME), leasing services through its subsidiary Coop Liising AS, and capital market instruments such as subordinated bonds and mortgage covered bonds. The bank serves 234,500 clients as of May 2026, with a €2.22 billion loan portfolio and €2.15 billion in customer deposits, distributing services through the Coop Eesti retail store network and digital banking channels.

Product overview

Coop Pank AS is an Estonian universal bank offering a range of banking products and services including deposit accounts, various loan products, and leasing services through its subsidiary Coop Liising AS. The bank has expanded into bond issuance programs including subordinated bonds and mortgage covered bonds. The institution serves retail and business customers with 234,500 clients as of May 2026. Strategic objectives include maintaining growth pace, increasing profitability, continuing cooperation with Coop retail chains, and launching investment services.

Differentiator

Problem solved

Functional benefit

Products and services

• Daily Banking Accounts
• Loan Products
• Leasing Services
• Unsecured Subordinated Bonds
• Mortgage Covered Bonds
• Investment Services

Quantifiable outcome

• 14% year-over-year profit increase to €13.9 million (5 months 2026)
• +3 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Coop EestiflagshipStrategic or Co-development PartnerCoop Pank is strategically owned by Coop Eesti, the Estonian commercial chain. This ownership provides embedded distribution through Coop retail store network across Estonia, enabling the bank to offer banking services at supermarket locations and leverage the trusted Coop brand for customer acquisition.

Scale indicators19 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• LHV Pank: LHV Pank is the closest direct Estonian competitor: another domestically headquartered, publicly listed universal bank serving Estonian retail and SME customers with deposits, loans, and payments. Its growth trajectory, product mix, and Nasdaq Tallinn listing make it the most apples-to-apples comparison for Coop Pank's expansion strategy.
• Luminor: Luminor is one of the five universal banks operating in Estonia and the largest Baltic banking challenger, focused on business and retail customers across Estonia, Latvia, and Lithuania. Comparable to Coop Pank in target segment (SME + retail) and Baltic geographic footprint, with similar reliance on net interest income.
• Bigbank: Bigbank is an Estonian-headquartered consumer and SME lender operating across the Baltics, with a similar mid-sized challenger-bank profile to Coop Pank. Directly comparable in product focus (consumer loans, deposits) and Baltic geographic exposure.
• Inbank: Inbank is an Estonian-founded challenger bank offering retail banking, consumer finance, and deposit products across the Baltics and several EU markets, listed on Nasdaq Tallinn. Comparable in business model (digital-first universal/consumer bank) and Estonian roots to Coop Pank.

Broad incumbents

• SEB Pank (Estonia): SEB's Estonian branch is one of the five Estonian universal banks and a dominant incumbent for both retail and corporate banking. Comparable as a same-market competitor with broader Nordic group backing; Coop Pank competes directly for SME and household deposits/loans.
• Swedbank Pank (Estonia): Swedbank's Estonian branch is another of the five universal banks and historically one of the largest by deposit market share in Estonia. Comparable as a same-market retail/SME competitor, though materially larger and supported by the Swedbank group's funding cost advantage.
• Nordax Bank: Nordax is a Nordic specialist consumer lender under the NOBA Bank Group, offering deposit products and consumer credit across the Nordics and selected EU markets. Comparable as a challenger-bank profile similar to Coop Pank's deposit-funded consumer-lending franchise.
• Resurs Bank: Resurs Bank is a Nordic consumer finance and retail banking provider offering cards, deposits, and personal loans across the Nordics. Comparable to Coop Pank in funding-mix (deposit-driven) and consumer-lending focus, with broader European footprint.

Emerging players

• TF Bank (Estonia operations): TF Bank's Estonian operations provide consumer deposits and lending products in the Baltic market, comparable to Coop Pank in the niche of digital cross-border Nordic challenger banks expanding into Estonia. Partial overlap in customer segment and product range.

Regional players

• Citadele banka: Citadele is a Baltic universal bank headquartered in Latvia with operations across Latvia, Lithuania, and Estonia. Comparable to Coop Pank as a Baltic-region universal bank pursuing similar SME and retail banking strategies in overlapping markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coop Pank