The supervisory board of Krediidipank has confirmed the appointment of Hans Pajoma as a member of the management board.


The supervisory board of Krediidipank, which changed owners in January and will be entering the market under the brand of Coop Pank in the autumn, confirmed the appointment of Hans Pajoma, responsible for the management of business customer banking, as the fourth member of the management board on Wednesday, 19 April 2017.

Hans Pajoma has been working in the banking sector since 2001, having occupied various positions in Hansapank for the first five years; from 2006 to 2013 he was the chairman of the management board of the Estonian subdivision of DNB, the largest Norwegian financial services group and the head of business banking for the Baltic States. Pajoma started working at Krediidipank in February this year.

Jaanus Vihand, chairman of the supervisory board of Krediidipank and chairman of the management board of the bank’s majority owner, Coop Eesti Keskühistu (Coop Estonian Central Association), said that business customer banking is of key importance for Krediidipank today and for the future Coop Pank alike. “Coop Pank has established a goal of focusing on providing services to private customers as well as small and medium-sized enterprises associated with the former. The development of a portfolio of services optimal for our private and business customers will be one of our priorities in the months immediately ahead. Hans Pajoma’s versatile experience in the banking sector will be a valuable addition to Krediidipank’s current team and will contribute greatly to the successful market launch of the products designed for the business customers of the future Coop Pank,” Vihand said.

The other members of the Krediidipank’s management board are chief financial officer Kerli Lõhmus, director for risk management Janek Uiboupin and chairman of the board Margus Rink.

Estonia’s biggest supermarket retail group Coop Eesti, with a sales network of over 350 stores across Estonia, bought the majority shares of AS Eesti Krediidipank this January, and the latter will be known as Coop Pank from the autumn of 2017. Coop Pank aims to bring everyday banking services closer to people’s homes by means of using the existing store network. Coop Eesti consolidates 19 associations, which have a total of 80,000 cooperative shareholders and around 600,000 loyal customers.