Hansapank twice bigger than SEB in Estonia

Gertrud Levit
gertrud.levit @ aripaev.ee

According to an interim report presented to the Bank of Estonia, the sum total of Hansapank's loans and other such claims totalled EEK 121.6 billion and that of SEB EEK 64.2 billion.

The sum total of the loans issued by banks registered in Estonia and of branches of foreign banks stood at EEK 264.1 billion, according to the Bank of Estonia. As a result, the market share of Hansabank was 46 pct and of SEB 24 pct.

In terms of loans, Sampo Bank, operating as a branch of Danske Bank, and Nordea Eesti, which also operates as a branch, follow the two biggest banks.

The Bank of Estonia will not publish the interim reports, but their results are contained in commercial banks' consolidated balance sheet.

Nordea said that their loan portfolio totalled EEK 34.5 billion as of the end of June. At the same time, the loan portfolio of Sampo was slightly more than EEK 32 billion. Thus, the market share of the four biggest banks is about 95 pct of the loan market.

The sum total of the banks' deposits as of the end of June was EEK 146.9 billion. Hansapank has said that its deposits total EEK 78.2 billion, as a result it controls more than half the market.

According to an SEB interim report, that bank had EEK 35.1 billion of deposits as of the end of the year and thus its market share was nearly one fourth.

In terms of deposits, Sampo is clearly ahead of Nordea. The former said its sum total of deposits was EEK 15.8 billion as of the end of June and the latter EEK 8.1 billion.

Also in terms of total assets, Hansabank was nearly twice bigger than SEB and it controls about half of the banks' total assets of 334 billion kroons.