Market announcement
Coop Pank AS
Category
Other corporate action
Date
19.12.2023 16:30:00
Title
Coop Pank AS kaasab kapitali European Energy Efficiency Fund'ilt
Message
Coop Pank AS ja European Energy Efficiency Fund S.A. SICAV-SIF (edaspidi eeef)
sõlmisid 19.12.2023 lepingu, mille alusel võtab pank eeef'ilt tagamata allutatud
laenu summas 15 miljonit eurot, intressimääraga 6 kuu euribor + 3,25% aastas.
Allutatud laenulepingu näol on tegemist panga teise taseme omavahenditesse
kuuluva kapitaliinstrumendiga.
Allutatud laen kuulub tagasimaksmisele ühes osas ning lepingu tähtaeg on 10
aastat. Pangal on õigus allutatud laen ennetähtaegselt tagasi maksta
Finantsinspektsiooni loal pärast 5 aasta möödumist selle väljastamisest.
Coop Panga finantsjuhi Paavo Truu sõnul teeb esmalt head meelt, et praeguses
intressikeskkonnas õnnestus panga kasvuks kapitali kaasata nii soodsatel
tingimustel. ?Lisaks on koostöö eeef-iga oluline samm panga laenuportfelli
dekarboniseerimisel. Oleme kaks aastat põhjalikult mõõtnud Coop Panga nii otsese
kui ka kaudse tegevuse CO2 jalajälge ning teame väga täpselt oma erinevate
tegevusvaldkondade CO2 mõju. Selge on see, et kõige suurem keskkonnamõju tuleneb
pankadel laenutegevusest ning seetõttu peame väga oluliseks
finantseerimisportfelli CO2jalajälje vähendamist, andes ühtlasi seeläbi
omapoolse panuse Eesti energiasõltumatuse ja rohe-eesmärkide saavutamisse,"
sõnas Truu.
Laenulepingust saadavaid vahendeid on plaanis kasutada panga kasvustrateegia
jätkamiseks suunates need ennekõike energiatõhusust edendatavatesse või
taastuvenergia tootmise projektidesse nagu näiteks:
* taastuvatel ja/või kohalikel energiaallikatel baseeruvad elektri-, soojus-,
jahutus mikrotootmine s.h nende võrgud ning energiasalvestus lahendused;
* elektrienergial baseeruv ühiskondlik transport s.h selle teenindamiseks
vajalik taristu;
* piirkondliku infrastruktuuri, avalike- ning erahoonete energiaefektiivsuse
parendamiseks tehtavad investeeringud s.h energia salvestamine, nutikad
mõõtmislahendused.
2022. aastal astus Coop Pank ÜRO Keskkonnaprogrammi (UNEP FI ehk United Nations
Environment Programme Finance Initiative) finantsalgatuse liikmeks ja
allkirjastas vastutustundliku panganduse põhimõtted, millega viiakse panga
äristrateegia vastavusse ÜRO säästva arengu ja Pariisi kliimaleppe eesmärkidega
ning kasvatatakse positiivset mõju ühiskonnale.
Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast
universaalpangast. Pangal on 180 300 igapäevapanganduse klienti. Coop Pank
kasutab jaekaubanduse ja panganduse vahel tekkivat sünergiat ning toob
igapäevased pangateenused inimeste kodu lähedale. Panga enamusaktsionäriks on
kodumaine kaubanduskett Coop Eesti, mille müügivõrgustikku kuulub 330 kauplust.
Lisainfo:
Paavo Truu
Finantsjuht
Telefon: 5160 231
E-post: paavo.truu@cooppank.ee (mailto:paavo.truu@cooppank.ee)
Title
Coop Pank AS raises capital from the European Energy Efficiency Fund
Message
Coop Pank AS and European Energy Efficiency Fund S.A. SICAV-SIF (hereafter eeef)
signed an agreement on 19.12.2023, on the basis of which the Coop Pank takes
unsecured subordinated loan from eeef in the amount of 15 million euros, with an
interest rate of 6 months euribor + 3.25% per annum. In the form of a
subordinated loan agreement, it is a capital instrument included in the bank's
Tier 2 own funds.
The subordinated loan is repayable in one installment and the term of the
agreement is 10 years. The bank has the right to repay the subordinated loan
early with the permission of the Financial Supervision Authority after 5 years
have passed since it was issued.
According to Paavo Truu, CFO of Coop Pank, he is first happy that in the current
interest rate environment, we managed to raise capital for the bank's growth on
such favourable terms. "Furthermore, cooperation with eeef is an important step
in the decarbonization of the bank's loan portfolio. For two years, we have been
thoroughly measuring the CO2 footprint of both direct and indirect activities of
Coop Pank and we know very precisely the CO2 impact from across our different
activity fields. It is clear that the largest environmental impact for banks
comes from their lending activities, and therefore we consider it very important
to reduce the CO2 footprint of our loan portfolio, thereby contributing to
Estonia's energy independence and green goals," said Truu.
The proceeds from the loan agreement will be used for continued implementation
of the bank's growth strategy by channelling the funds primarily into projects
that promote energy efficiency or renewable energy production, such as:
* microgeneration of electricity, heat and cooling based on renewable and/or
local energy sources including relevant networks and energy storage
solutions;
* public transport based on electricity including the infrastructure needed to
maintain these;
* investments to improve the energy efficiency of the regional infrastructure,
public and private buildings, including energy storage and smart metering
solutions.
In 2022 we also became a member of the United Nations Environment Programme
Finance Initiative (UNEP FI) and approved the Responsible Banking Principles,
bringing the bank's business strategy in line with the UN Sustainable
Development Goals and the objectives of the Paris Climate Agreement so as to
increase our positive impact on society.
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 180,300. 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: paavo.truu@cooppank.ee (mailto:paavo.truu@cooppank.ee)