On 01 April 2024 the merger of Coop Pank AS (Coop Pank) and Coop Finants AS was
entered into the Estonian Commercial Register. With the entry, the merger has
been completed.
As a result of the merger, Coop Pank is the legal successor of Coop Finants AS
and Coop Finants AS was deleted from the Estonian Commercial Registry. With
registration of the merger in the Estonian Commercial Registry, all the assets,
rights and obligations of Coop Finants AS were transferred to Coop Pank. The
balance sheet date of the merger was 1 October 2023. Since it is an intragroup
merger, it does not have an impact on the consolidated financial position and
rights and obligations of Coop Pank's group.
Earlier information announced by Coop Pank about the merger is available here
(https://view.news.eu.nasdaq.com/view?id=b30cb914acd1a2a87cde077d715cc01c6&lang=
en) and here
(https://view.news.eu.nasdaq.com/view?id=b81b4ec4d6408b042e2f6303a32067c54&lang=
en).
Additional information:
Paavo Truu
CFO
Phone: +372 5160 231
E-mail: paavo.truu@cooppank.ee (mailto:paavo.truu@cooppank.ee)
Coop Pank, based on Estonian capital, is one of the five universal banks
operating in Estonia. The number of clients using Coop Pank for their daily
banking reached 187,100. Coop Pank aims to put the synergy generated by the
interaction of retail business and banking to good use and to bring everyday
banking services closer to people's homes. The strategic shareholder of the bank
is the domestic retail chain Coop Eesti, comprising of 320 stores.
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