Swedbank in Estonia

Swedbank is the largest bank in Estonia as it has more than 960,000 private and 130,000 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 open, simple and caring.

We have the largest network of bank offices and ATM-s in Estonia (17 offices and 372 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.

documentPresentation about Swedbank

Swedbank and taxes

In 2023, Swedbank AS and its subsidiaries paid labour taxes in the amount of EUR 59m; thereby remaining among Estonia’s biggest labour tax payers. Swedbank AS and its subsidiaries also paid income tax in the amount of EUR 68m.

In 2022, Swedbank AS and its subsidiaries paid labour taxes in the amount of EUR 51m; thereby remaining among Estonia’s biggest labour tax payers. Swedbank AS and its subsidiaries also paid income tax in the amount of EUR 32m.

Olavi Lepp

Chairman of the Board, Head of Swedbank

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. Has been working for Swedbank 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

Ede Raagmets

Member of the Board, Head of Customer Service

Ede Raagmets

Head of Customer Service Division. Born in 1972. BA in Industry/Manufacture/Architecture from Tallinn University of Technology. Has been working for Swedbank 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
1997–1998 Banking Technology Specialist, Banking Technology, Hansapank AS
1996–1997 Senior Teller, Hansapank AS
1995–1996 Chief Cashier, Hansapank AS
1994–1995 Senior Cashier, Hansapank AS

Anna Kõuts

Chief Financial Officer in Estonia

Anna Kõuts

CFO of Swedbank. Born in 1976. MA in economics from Tallinn University of Technology. Has been working for Swedbank 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

Eero Treumann

Member of the Board, Head of Corporate Customer Division

Eero Treumann

Member of the Board, Head of Corporate Customer Division. Born in 1974. BA from Estonian Business School (EBS) in Business Administration. Has been working for Swedbank since 2006.

Employment experience:

2023... Head of Corporate Customer Division, Swedbank AS
2018 – 2023 Head of Department, Mid Corporate Department, Corporate Banking, Swedbank AS
2015–2018 Head of Department, Cash Management, Corporate Banking, Swedbank AS
2006 – 2015 Client Executive, Head of Utilities Sector Responsibilities, Corporate Banking, Swedbank AS
2003–2006 Managing Partner, People Management Estonia
1999–2002 Head of Rental Department, AVIS Rent a Car & Leasing

Tarmo Ulla

Member of the Board, Head of Private Customer Division

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 for Swedbank since 2006.

Work experience:

2019–… Head of Private Banking, Swedbank AS
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, Swedbank AS
2006–2009 Customer Relationship Manager, Small Financing, Consumer Factoring, Swedbank AS
2003–2006 Project Manager, Estonian Conference Centre

Annemari Õunpuu

Member of the Board, Head of Compliance

Annemari Õunpuu

Head of Compliance. Born in 1983. Bachelor's degree in law from the University of Tartu. Has been working for Swedbank since 2008.

Employment experience:

2022– … Head of Compliance, Swedbank AS
2014–2022 Head of Credit Relations Legal Department, Swedbank AS
2012–2014 Corporate counsel, advising on Regulatory Affairs, Swedbank AS
2010–2012 Lawyer in Financial Restructuring and Recovery Department, Swedbank AS
2008–2010 Lawyer in Litigation Department, Swedbank AS
2006–2008 Law clerk, Harju County Court
2004–2006 Law clerk, Tallinn Court of Appeal

Raul Vahtra

Member of the Board, Head of Anti-Financial Crime Division

Raul Vahtra

Member of the Board, Head of Anti-Financial Crime Division. Professional higher education from Estonian National Defence Academy. Has been working for Swedbank since 2020.

Employment experience:

2021– … Head of Anti-Financial Crime Division, Swedbank AS
2020–2021 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 and Boarder Guard Board

Jelena Raid

Member of the Board, Chief Risk Officer

Jelena Raid

Member of the Board, Head of Risk Control. Born in 1978. MSc in information technology from Tallinn Technical University. Has been working for Swedbank since 2007.

Experience:

2022–... Chief Risk Officer, Swedbank AS
2019–2022 Head of Swedbank Group model risk and validation division, Swedbank AS
2013–2018 Head of Risk Control Group Products and Digital Banking, Swedbank AS
2011–2012 Head of Operational risk department, Swedbank AS
2007–2010 Baltic Banking credit risk control division, program manager, Swedbank AS
2003–2007 Head of system development department, Eesti Haigekassa
2001–2003 Project manager, Eesti Haigekassa
1999–2001 Analyst, Risk management department, Ühispank

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

Liisa-Maria Lees

Head of HR and Infrastructure

Riho Roopõld

Head of Legal Divison

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. Has been working for Swedbank 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