Swedbank in Estonia

Swedbank is the largest bank in Estonia as it has more than 900,000 private and 132,000 business customers

We offer a wide selection of financial services, including accounts, mortgages, insurances, credit cards, loans, pensions and investments, both for private customers and companies. Our goal is to help people and companies keep their finances in order over the long term. We follow three guiding values in all our activities: we are simple, open and caring.

  • We have the largest network of bank offices and ATM-s in Estonia (30 offices and nearly 400 ATM-s) and about 800 „cash-from-store“ service points. Our customers have round-the-clock access to their finances through our consultation centre, internet bank and mobile app.
  • We support and participate in various initiatives that help Estonian society to grow. We aim to promote financial literacy and entrepreneurship and to contribute into social participation through the development of the entire society.
Swedbank in Estonia - who we are?

Swedbank and taxes


Swedbank is one of Estonia's biggest tax payers. For the year 2018, Swedbank paid state taxes in the sum of 95 million euros. This means, we paid 56 million euros of corporate income tax and VAT. As of 2017, Swedbank will pay the entire profit as dividend, paying income tax on the entire sum paid out right away as well. Last year, the bank contributed 29 million euros through various taxes on labour. Additionally, the bank paid 10 million euros in various regulatory fees and charges in 2018.


On 2017, Swedbank paid 89 million euros state taxes. We paid 43 million euros of corporate income tax and 10 million euros of VAT. Through various taxes the bank contributed 27 million euros through on labour. Additionally, the bank paid 9 million euros in various regulatory fees and charges.

Olavi Lepp

  • Chairman of the Board, Head of Swedbank

Ede Raagmets

  • Member of the Board, Head of Customer Service

Anna Kõuts

  • Chief Financial Officer in Estonia

Liisi Himma

  • Member of the Board, Head of Corporate Customer Division

In addition to Swedbank Board members, Swedbank Management consist of:

Ülle Matt

  • Head of Human Resources

Riho Roopõld

  • Head of Legal Divison

Kerstin Pilt

  • Head of Compliance

Kristiina Herodes

  • Head of Communication

Tarmo Ulla

  • Executive Manager of Private Customer Banking