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 and taxes

2019

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.

2018

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

  • Chairman of the Board, Head of Swedbank
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Ede Raagmets

  • Member of the Board, Head of Customer Service
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Anna Kõuts

  • Chief Financial Officer in Estonia
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Liisi Himma

  • Member of the Board, Head of Corporate Customer Division
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Tarmo Ulla

  • Member of the Board, Head of Private Customer Division
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Kerstin Pilt

  • Member of the Board, Head of Compliance
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Raul Vahtra

  • Member of the Board, Head of Risk Management
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Ivar Kallast

  • Member of the Board, Head of Risk Control
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In addition to Swedbank Board members, Swedbank Management consist of:

Ülle Matt

  • Head of Human Resources
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Riho Roopõld

  • Head of Legal Divison
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Kristiina Herodes

  • Head of Communication
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