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
16660
Attachments
Submission date and time
12.11.2024 07:00:30
Content of announcement in Estonian
Title
Coop Pank AS 2024. aasta oktoobri tulemused
Message
Coop Panga 2024. aasta oktoobrikuu majandustulemused:
* Panga klientide arv kasvas oktoobris 2400 võrra ja aktiivselt arveldavate
klientide arv kasvas 1100 võrra. Kuu lõpuks ulatus klientide arv 203 900-ni
ja aktiivselt arveldavate klientide arv 91 200-ni. Aastaga on kliendibaas
kasvanud 15%.
* Panga klientide hoiuste maht kasvas oktoobris 47 miljoni euro võrra ulatudes
kuu lõpu seisuga 1,88 miljardi euroni. Äriklientide hoiused kasvasid 14
miljoni euro võrra ja eraklientide hoiused kasvasid 4 miljoni euro võrra.
Rahvusvahelistelt platvormidelt kaasatud hoiuste maht kasvas 29 miljoni euro
võrra. Aastaga on panga hoiuste maht kasvanud 7%.
* Panga laenuportfell kasvas oktoobris 22 miljoni euro võrra ulatudes kuu lõpu
seisuga 1,68 miljardi euroni. Kodulaenud kasvasid 11 miljonit, ärilaenud
kasvasid 7 miljonit, liising kasvas 3 miljonit ja tarbimisfinantseerimine
kasvas 1 miljon eurot. Aastaga on panga laenuportfell kasvanud 12%.
* Oktoobris tehti laenude allahindluseid 0,5 miljoni euro ulatuses.
* Võrreldes möödunud aasta kümne esimese kuuga on käesoleval aastal sama ajaga
panga netotulud kahanenud 5% ja tegevuskulud kasvanud 17%.
* Pank teenis oktoobris 2,4 miljonit eurot puhaskasumit. Aasta kümne esimese
kuuga on pank teeninud kokku 28,2 miljonit eurot puhaskasumit, mida on 18%
vähem kui aasta tagasi samal perioodil.
* Panga omakapitali tootlus oli oktoobris 13,9% ja kulu-tulu suhe 52%.
Coop Panga juhatuse liikme ja finantsjuhi Paavo Truu kommentaar:
?Oktoobris kasvas nii Coop Panga klientide arv, hoiused kui ka laenuportfell.
Klientide arvu ja aktiivselt arveldavate klientide baasi kasvatamine on praegu
kodumaise Coop Panga üks peamine fookus. Sellele on reageerinud ka teised
turuosalised alandades oma klientide hoidmise nimel hinnakirjasid ja tehes
aktiivselt kampaaniaid. Pankade vahelisest konkurentsist võidavad kliendid, kes
on nüüd motiveeritumad oma igapäevased panganduskulud ja pakutavad hüved läbi
kalkuleerima ning otsivad turul endale parimat kodupanka.
Oktoobris tegi euribor tugeva languse, mis kergendab paljude finantskoormust,
aga samas mõjub pärssivalt panga intressituludele. Sellega koos langesid
oluliselt ka enamike Eestis tegutsevate pankade hoiuste intressid, mis on
kapitaliturgude baasintresside languse kontekstis loogiline trend ja viiteajaga
hakkab see vähendama ka panga intressikulusid.
Laenuportfelli kasvu on viimasel ajal vedanud enamasti eraisikud, ent nüüd, mil
intressitasemed on langustrendis, on ka kohalikud ettevõtted
investeerimisjulgust juurde saamas. Lisaks hoogustab praegu liisingute võtmist
ka järgmisel aastal kehtima hakkav automaks.
Kokkuvõttes saavutas Coop Pank oktoobris korraliku kasumi 2,4 miljonit eurot.
Coop Panga omakapitali tootlus on aasta algusest olnud 17,3% ja kulu-tulu suhe
48%."
Coop Panga põhjalikumad finantsaruanded on leitavad aadressil:
https://www.cooppank.ee/finantsaruanded
Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast
universaalpangast. Pangal on 203 900 igapäevapanganduse klienti. Coop Pank
kasutab jaekaubanduse ja panganduse vahel tekkivat sünergiat ning toob
igapäevased pangateenused kodule lähemale. Panga strateegiline omanik on
kodumaine kaubanduskett Coop Eesti, mille müügivõrgustikku kuulub 320 kauplust.
Lisainfo:
Paavo Truu
Finantsjuht
Telefon: 5160 231
Content of announcement in English
Title
Coop Pank AS results for October 2024
Message
Coop Pank's financial results in October 2024:
* In October, number of the bank's clients increased by 2,400 and number of
active clients increased by 1,100. By the end of the month number of clients
reached 203,900 and number of active clients reached 91,200. Over the year,
customer base has grown by 15%.
* Volume of the bank's customer deposits increased by 47 million euros,
reaching 1.88 billion euros by the end of month. Deposits of corporate
customers increased by 14 million euros and deposits of private customers
increased by 4 million euros. The volume of deposits attracted from
international platforms increased by 29 million euros. Over the year, volume
of bank deposits has grown by 7%.
* The bank's loan portfolio increased by 22 million euros and reached 1.68
billion euros by the end of month. Home loans increased by 11 million euros,
business loans increased by 7 million euros, leasing portfolio increased by
3 million euros and consumer financing loan portfolio increased by 1 million
euros. Over the year, loan portfolio has grown by 12%.
* In October, the loan impairment cost was 0.5 million euros.
* Compared to the first ten months of last year, the bank's net income
decreased by 5% and expenses have increased by 17%.
* In October, the bank earned net profit of 2.4 million euros. In the first
ten months of the year, the bank has earned a net profit of 28.2 million
euros, that is 18% less than in the same period last year.
* In October, Coop Pank's return on equity was 13.9% and the cost-income ratio
was 52%.
Comment by Paavo Truu, Member of the Management Board and CFO of Coop Pank:
"In October, the number of customers, deposits and loan portfolio of Coop Pank
increased.
Increasing the number of customers and actively transacting customers is
currently one of the main focuses of the domestic Coop Pank. Other market
participants have also reacted to this by lowering their price lists and
actively running campaigns in order to retain their customers. The competition
between banks benefits customers who are now more motivated to calculate their
daily banking costs, and the benefits offered and looking for the best home bank
in the market.
In October, the euribor fell sharply, which eases the financial burden to many,
but at the same time it has impeding effect on the bank's interest income. Along
with this, the interest rates on deposits of most banks operating in Estonia
also fell significantly, which is a logical trend in the context of the decline
in the base interest rates of the capital markets, and with a delay it will also
start to reduce the bank's interest costs.
Recently, the growth of the loan portfolio has mostly been driven by private
persons, but now that interest rates are on a downward trend, local companies
are also gaining investment courage. In addition, the car tax that will be
implemented next year is also boosting the leasing business now.
In conclusion, Coop Pank achieved a decent profit of 2.4 million euros in
October. Since the beginning of the year, Coop Pank's return on equity has been
17.3%, and the cost-income ratio has been 48%."
More detailed financial reports of Coop Pank are available at:
https://www.cooppank.ee/en/financial-reports
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 203,900. 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])