Market announcement
Coop Pank AS
LEI code
549300EHNXQVOI120S55
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
10413
Submission date and time
08.06.2023 08:00:00
Content of announcement in Estonian
Title
Reitinguagentuur Moody’s kinnitas Coop Panga reitinguhinnangu senisel tasemel. Pangahoiuste reiting jäi senisele tasemele Baa2 stabiilse väljavaatega.
Message
Moody's Investors Service uuendas Coop Pank AS-ile antud reitinguhinnangut.
Panga reiting jäi senisele investeerimisjärgu tasemel koos stabiilse
väljavaatega.
Coop Panga finantsjuhi Paavo Truu sõnul kinnitab krediidireitingu kinnitamine
senisel tasemel, et pank on suutnud ka keerulistel aegadel hoida kõrget
laenuportfelli kvaliteeti ning näidanud seejuures head kasumlikkust.
?Reitinguhinnangu ja stabiilse väljavaate kinnitamine annab eraisikutele ja
äridele täiendava kindlustunde tulla Coop Panga kliendiks ning hoida oma raha
kodumaises finantsasutuses," sõnas Truu.
Moody's Investors Service'i poolt Coop Pank AS-ile kinnitatud reitingud:
* Välis- ja kohalikus valuutas pika- ja lühiajaliste pangahoiuste reiting
Baa2/Prime-2
* Pika- ja lühiajaline vastaspoole riskihinnang Baa1(cr)/Prime-2(cr)
* Pika- ja lühiajaline vastaspoole riski reiting Baa1/Prime-2
* Baaskrediidihinnang (BCA) ba1
* Kohandatud baaskrediidihinnang ba1
Väljavaade pikaajaliste pangahoiuste reitingutele on stabiilne.
Teade Moodys'e poolt koostatud aruande kohta on leitav https://www.moodys.com/
Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast
universaalpangast. Pangal on 157 600 igapäevapanganduse klienti. Coop Pank
kasutab jaekaubanduse ja panganduse vahel tekkivat sünergiat ning toob
igapäevased pangateenused inimeste kodu lähedale. Panga strateegiliseks
omanikuks on kodumaine kaubanduskett Coop Eesti, mille müügivõrgustikku kuulub
320 kauplust.
Lisainfo:
Paavo Truu
Finantsjuht
Telefon: 5160 231
E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
The rating agency Moody’s affirmed Coop Pank’s Credit rating. Bank deposit rating remained on the level of Baa2 with stable outlook.
Message
Moody's Investors Service affirmed the credit rating of Coop Pank AS. Investment
grade credit rating with a stable outlook was affirmed at the same level as year
ago.
According to Paavo Truu, CFO of Coop Pank, the confirmation of the credit rating
at the current level confirms that the bank has been able to maintain a high
quality of the loan portfolio even in difficult times and has shown good
profitability. "The confirmation of the rating and stable outlook gives private
individuals and businesses additional confidence to become a customer of Coop
Pank and keep their money in a domestic financial institution," said Truu.
Ratings affirmed by Moody's Investors Service for Coop Pank AS:
* Foreign- and local currency long- and short-term bank deposit rating
Baa2/Prime-2
* Long- and short-term counterparty risk assessment of Baa1(cr)/Prime-2(cr)
* Long- and short-term counterparty risk rating of Baa1/Prime-2
* Baseline credit assessment (BCA) ba1
* Adjusted baseline credit assessment ba1
The long-term deposit ratings carry a stable outlook.
The announcement on the report prepared by Moody's can be found at
https://www.moodys.com/
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 157,600. 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.
Additional information:
Paavo Truu
CFO
Phone: +372 5160 231
E-mail: [email protected] (mailto:[email protected])