Banking Information

Market share of banks by total assets as of 30.09.2009 (%, EUR mio)

Market share of Estonian Banks as of 30.09.2009		EUR mio
BIGPANK	0,96%	196
Danske Bank	10,21%	2 093
DnB NORD	1,54%	315
Krediidipank	1,78%	364
LHV Bank	0,19%	38
Nordea Bank	12,06%	2 473
Parex Bank	0,50%	102
SEB Bank	20,64%	4 232
Swedbank	48,98%	10 044
UniCredit	1,57%	322
Äripank	0,43%	89
Non-members of EBA:	1,16%	237
Total	100,00%	20 504

Aggregated Data of Credit Institutions is accessible at webpage of Estonian Financial Supervision Authority

Current account switching

Customers of Estonian banks can use assisted service for bank account switching from 01.01.2010

The following services will be switched to the new bank upon request of the client:

• the current account together with all the standing orders and direct debits (complete bank account switching) or

• only selected standing order and direct debit agree­ments (partial bank account switching).

Bank account number of customer will change when complete bank account switching option is used.

Bank account switching is not possible in all occasions; the prohibitive circumstances include for example seizure of current account and indebtedness to the bank. Other limitations arising from law or contractual agreement may occur.

Customers are advised to address switching request turn to the new bank, new bank

will support the consumer in switching and present to the consumer with the relevant

services. All further operations will be carried out by banks on behalf of customers according to the proxy given by the customer.

New bank is acting as a primary information source, information regarding to the switching is also available in following documents:

·         Customer information booklet

·         Common principles of current account switching

Current account switching is in correspondence with common principles of current account switching composed by EBIC (European Banking Sector Committee).