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 (28 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 and taxes

Swedbank is one of Estonia's biggest tax payers. For the year 2019, Swedbank paid state taxes in the sum of 107 million euros. This means, we paid 64 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 33 million euros through various taxes on labour. Additionally, the bank paid 10 million euros in various regulatory fees and charges in 2019.

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.

Olavi Lepp

Olavi Lepp

Chairman of the Board, Head of Swedbank

CV

Olavi Lepp

Olavi Lepp

Head of Swedbank Estonia and Chairman of the Board. Born on 1977. BA (cum laude) in Business Administration and Management at Tartu University. Employed since 1997.

Employment experience:

  • 2019–… Head of Swedbank AS and Chairman of the Board
  • 2018–2019 Head of Risk in Swedbank Estonia, Swedbank AS
  • 2016–2018 COO for Group Lending and Payments, Swedbank AS
  • 2010–2015 Head of Product Lifecycle Management Division in Group Payments and Cash Management Unit, Swedbank AS
  • 2009–2010 Head of Payments and Cash Management product unit in Baltic Banking, Swedbank AS
  • 2006–2008 Head of Payments & Cash Management product department in Estonia, Hansapank AS
  • 2000–2006 Product Manager, Hansapank AS
  • 1997–1999 Customer Service Clerk, Hansapank AS
Olavi Lepp

Ede Raagmets

Member of the Board, Head of Customer Service

CV

Ede Raagmets

Olavi Lepp

Head of Customer Service Division. Born in 1972. BA in Industry/Manufacture/Architecture from Tallinn University of Technology. Employed since 1994.

Employment experience:

  • 2017–… Head of Customer Service Division, Swedbank AS
  • 2014–2016 Director of Consultation Center, Swedbank AS
  • Director of Contact Centre, Swedbank AS
  • 2009–2013 Head of Department, Private Customers Banking and Investment Products, Swedbank AS
  • 2008–2009 Head of Department, Private Customers Banking Products Department, Swedbank AS
  • 2004–2008 Head of Department, Business Technology Department, Hansapank AS
  • 2001–2004 Specialist, Business Technology Department, Hansapank AS
  • 2000–2001 On parental leave
  • 1997–1998 Banking Technology Specialist, Banking Technology, Hansapank AS
  • 1996–1997 Senior Teller, Reisisadama and Kesklinna Branch, Hansapank AS
  • 1995–1996 Chief Cashier, Reisisadama Branch, Hansapank AS
  • 1994–1995 Senior Cashier, Central Cash Depository, Hansapank AS

Anna Kõuts

Chief Financial Officer in Estonia

CV

Anna Kõuts

Anna Kõuts

CFO of Swedbank. Born in 1976. MA in economics from Tallinn University of Technology. Employed since 1996.

Employment experience:

  • June 2019 - CFO, Swedbank AS
  • 2012 – 2019 Head of Treasury, Swedbank AS
  • 2011 – 2012 Liquidity Manager, Treasury, Swedbank AS
  • 2006 – 2009 Financial Specialist, Treasury, Swedbank AS
  • 1999 – 2004 Private Loan Consultant, Hansapank AS
  • 1996 – 1999 Teller, Hansapank AS
  • 1995 –1996 Secretary, AS Mainor ELT
Liisi Himma

Liisi Himma

Member of the Board, Head of Corporate Customer Division

CV

Liisi Himma

Liisi Himma

Head of Corporate Customer Division. Born in 1983. MA and BA from Tallinn University of Technology in Social Sciences (Finance). Employed since 2005.

Employment experience:

  • 2017–… Head of Corporate Customer Division, Swedbank AS
  • 2015–2017 Head of Division, Corporate Financing Division, Baltic Banking Corporate Competence Center, Swedbank AS
  • 2013–2014 Head of Department, Baltic Banking Business Analysis Department, Baltic Banking Corporate Competence Center, Swedbank AS
  • 2010–2013 Head of Department, Baltic Banking Credit Portfolio Analysis Department, Baltic Banking Risk Management Division, Swedbank AS
  • 2009–2010 Project Manager, Baltic Financial Restructuring and Recovery Department, Swedbank AS
  • 2008–2009 Credit Analyst, Estonian Credit Risk Department, Swedbank AS
  • Project Manager, Project Financing Department, Swedbank AS
  • 2005–2008 Credit Analyst, Project Financing Department, Swedbank AS
  • Assistant to the Appraiser, 1Partner Kinnisvara Tallinn OÜ
Tarmo Ulla

Tarmo Ulla

Member of the Board, Head of Private Customer Division

CV

Tarmo Ulla

Tarmo Ulla

Head of Private Banking. Born in 1978. Tarmo holds a master’s degree in business management from Tallinn University of Technology and has been working at Swedbank since 2006.

Work experience:

  • 2019–… Head of Private Banking
  • 2017–2019 Head of Lending Support Division, Baltic Banking Competence Centre, Swedbank AS
  • 2015–2017 Head of Department, Private Consumer Small Financing and Leasing Support, Baltic Banking Competence Centre, Swedbank AS
  • 2013–2015 Head of Department, Private Customer Car Financing, Baltic Banking Competence Centre, Swedbank AS
  • 2011–2013 Head of Department, Private Customer Car Leasing and Hire Purchase, Baltic Banking Competence Centre, Swedbank AS
  • 2009–2011 Head of Partner Relations Department, Swedbank AS
  • 2008–2009 Area Manager, Small Financing Department
  • 2006–2009 Customer Relationship Manager, Small Financing, Consumer Factoring
  • 2003–2006 Project Manager, Estonian Conference Centre
Kerstin Pilt

Kerstin Pilt

Member of the Board, Head of Compliance

CV

Kerstin Pilt

Kerstin Pilt

Head of Compliance. Born 1973. Master’s degree in International Business Law from Central-European University, Bachelor’s degree in legal Studies from Tartu University. Employed since 2018.

Employment experience:

  • 2018–… Head of Compliance, Swedbank AS
  • 2017 oct-dec Regulatory Affairs Manager, Luminor Bank AS
  • 2009–2017 Head of Legal, Nordea Bank AB Estonia branch
  • 2008–2009 Sworn Attorney at Law, Law Office Tark&Co
  • 2006–2008 Legal Counsel, Estonian Financial Supervision Authority
  • 2002–2006 participating in doctoral program, Central-European University
  • 2000–2002 Legal Counsel, Tuokko Legal OÜ
  • 1998–2000 Attorney at law, Law Office Sorainen
Raul Vahtra

Raul Vahtra

Member of the Board, Head of Risk Management

CV

Raul Vahtra

Raul Vahtra

Member of the Board, Head of Risk Management. Head of Risk Management. Professional higher education from Estonian National Defence Academy. Employed since 2020.

Employment experience:

  • 2020–… Head of Risk management, Swedbank AS
  • 2013–2020 Head of Internal Control Bureau, Estonian Police and Border Guard Board
  • 2004–2013 Head of Estonian FIU, Estonian Police and Border Guard Board
  • 2002–2004 Head of Unit at the Department of Special Operations, Central Criminal Police
  • 1997–2002 Criminal investigator at the Organized Crime Department, Central Criminal Police
  • 1994–1997 Policeman at the Police board
Ivar Kallast

Ivar Kallast

Member of the Board, Head of Risk Control

CV

Ivar Kallast

Ivar Kallast

Member of the Board, Head of Risk Control. Master’s degree from Tallinn Technical University in Computer Science. In Swedbank since 2020.

Employment experience:

  • 2020–… Head of Risk Control, Swedbank AS
  • 2019–2020 Team Lead, Transaction Monitoring Development, Group Financial Crime Prevention, Nordea Bank Abp
  • 2018–2019 Chief Risk Officer, member of Management Board, Inbank AS
  • 2017–2018 Chief Risk Officer, member of Management Board, Luminor Bank AS
  • 2014–2017 Chief Credit Officer, member of Estonian branch management team (starting from 2002), Nordea Bank AB Estonian branch
  • 1998–2014 Chief Credit Officer, Member of Estonian branch Management board, Nordea Bank Finland Plc Estonian branch
  • 1995–1998 Credit analyst, Tallinna Pank AS
  • 1994–1995 Financial Controller, EK AS
  • 1993–1994 Accountant, EK AS


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

Ülle Matt

Ülle Matt

Head of Human Resources

CV

Ülle Matt

Ülle Matt

Head of Human Resources. Born in 1967. MA in Organizational Behavior from University of Tallinn, BA in Public Relation and Communication from University of Tartu. Employed since 2015.

Employment experience:

  • 2015–… Head of Human Resources, Swedbank AS
  • 2009–2015 Head of Human Resources, Ericsson Supply Site Tallinn
  • 2007–2009 Human Resource Manager, Elqoteq AS
  • 2003–2007 Human Resource Manager, Stora Enso Timber AS, Baltic Production Group
  • 1998- 2003 Secretary, Human Resource Manager, Paikuse Sawmill
Riho Roopõld

Riho Roopõld

Head of Legal Divison

CV

Riho Roopõld

Riho Roopõld

Head of Legal Divison. Born in 1973. MA of Legal from The Private School of Social Sciences Veritas and additional master degree courses in University of Tartu. Graduated Police School of Paikuse. Employed since 2008.

Employment experience:

  • 2008–… Head of Legal Division, Swedbank AS
  • 1999–2008 lawyer, Head of Legal Department subdivision and Head of Department. Estonian Tax and Customs
  • 1996–1998 security division, Ühispank
  • 1991–1995 district constable; criminal investigator; commissar, Police Prefecture in Harju
Kristiina Herodes

Kristiina Herodes

Head of Communication

CV

Kristiina Herodes

Kristiina Herodes

Head of Communications. Born in 1975. Kristiina holds a bachelor’s degree in journalism from the University of Tartu and has been working at Swedbank since 2018.

Work experience:

  • 2018–… Head of Communications, Swedbank AS
  • 2017–2018 Head of Communications, Ministry of the Interior
  • 2016–2017 Head of Communications, political party Pro Patria
  • 2013–2015 2014–2016 PR Consultant, public relations company Peegel ja Partnerid
  • 2011–2014 Advisor, Estonian Ministry of Foreign Affairs
  • 2008–2011 Justice Spokesperson, EULEX – European Union Rule of Law Mission, Kosovo
  • 2003–2008 Head of Public Relations Division, Office of the Prosecutor General
  • 1999–2003 Press Spokesperson, Ministry of Finance

Swedbank AS

  • Address: Liivalaia 8, Tallinn, EE-15040, Estonia
  • Registration number: 10060701
  • Telephone: +372 631 0310
  • E-mail: info@swedbank.ee

Swedbank P&C Insurance AS

  • Address: Liivalaia 8, Tallinn, EE-10118, Estonia
  • Registration number: 11269248
  • Telephone: +372 888 1513
  • E-mail: varakindlustus@swedbank.ee

Swedbank Life Insurance SE

  • Address: Liivalaia 8, Tallinn, EE-10118, Estonia
  • Registration number: 10142356
  • Telephone: +372 613 1606
  • E-mail: elukindlustus@swedbank.ee

Swedbank Liising AS

  • Address: Liivalaia 8, Tallinn, EE-15039, Estonia
  • Registration number: 10434248
  • Telephone: +372 613 1324
  • E-mail: liising@swedbank.ee

Swedbank Support OÜ

  • Address: Liivalaia 8, Tallinn, EE-10118, Estonia
  • Registration number: 10425396
  • Telephone: +372 613 1422
  • E-mail: firma@swedbank.ee
<h3>Björn Elfstrand</h3>
      <p>Chairman of the Council</p>

Björn Elfstrand

Chairman of the Council

<h3>Tiina Sepa</h3>
      <p>Head of Baltic Banking Legal, Deputy Chair of the Council</p>

Tiina Sepa

Head of Baltic Banking Legal, Deputy Chair of the Council

<h3>Tarmo Pajumets</h3>
      <p>Swedbank Head of Group IT, Member of the Council</p>

Tarmo Pajumets

Swedbank Head of Group IT, Member of the Council

<h3>Jon Lidefelt</h3>
      <p>Acting Head of Baltic Banking</p>

Jon Lidefelt

Acting Head of Baltic Banking

<h3>Magnus Olsson</h3>
      <p>Independent Council Member</p>

Magnus Olsson

Independent Council Member

<h3>Nils Karl Magnus Bromark</h3>
      <p>Independent Council Member</p>

Nils Karl Magnus Bromark

Independent Council Member

<h3>Mustapha Messili</h3>
      <p>Independent Council Member</p>

Mustapha Messili

Independent Council Member

Management team members

<h3>Jon Lidefelt</h3>
      <p>Head of Baltic Banking</p>

Jon Lidefelt

Head of Baltic Banking

<h3>Dovilė Grigienė</h3>
      <p>Head of Swedbank in Lithuania</p>

Dovilė Grigienė

Head of Swedbank in Lithuania

<h3>Reinis Rubenis</h3>
      <p>Head of Swedbank in Latvia</p>

Reinis Rubenis

Head of Swedbank in Latvia

<h3>Olavi Lepp</h3>
      <p>Head of Swedbank in Estonia</p>

Olavi Lepp

Head of Swedbank in Estonia

<h3>Loreta Lapinskaitė</h3>
      <p>Head of Channel Management</p>

Loreta Lapinskaitė

Head of Channel Management

<h3>Andres Tukk</h3>
      <p>Head of Baltic Banking Segment Management Private</p>

Andres Tukk

Head of Baltic Banking Segment Management Private

<h3>Ieva Vīgante</h3>
      <p>Head of Corporate Segment, Baltic Banking</p>

Ieva Vīgante

Head of Corporate Segment, Baltic Banking

<h3>Māris Plūme</h3>
      <p>Head of Communication Latvia, Baltic Banking coordinator</p>

Māris Plūme

Head of Communication Latvia, Baltic Banking coordinator

<h3>Tiina Sepa</h3>
      <p>Head of Baltic Banking Legal</p>

Tiina Sepa

Head of Baltic Banking Legal

<h3>Linda Nyman</h3>
      <p>Head of Baltic Banking<br/> Human Resources</p>

Linda Nyman

Head of Baltic Banking
Human Resources

<h3>Eugenijus Preikša</h3>
      <p>Head of Baltic Banking Risk</p>

Eugenijus Preikša

Head of Baltic Banking Risk

<h3>Rūta Kinderytė</h3>
      <p>Business Information Officer for Baltic Banking</p>

Rūta Kinderytė

Business Information Officer for Baltic Banking

<h3>Kristina Mikenberg</h3>
      <p>Head of Risk Management Baltic Banking</p>

Kristina Mikenberg

Head of Risk Management Baltic Banking

<h3>Kerstin Pilt</h3>
      <p>Baltic Compliance Coordinator</p>

Kerstin Pilt

Baltic Compliance Coordinator