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
16779
Submission date and time
04.12.2024 16:15:10
Content of announcement in Estonian
Title
Finantsinspektsioon kinnitas Coop Pank AS-i kapitalinõuded ja suunise senisel tasemel
Message
Finantsinspektsioon on läbi viinud iga-aastase järelvalvelise hinnangu protsesse (SREP) ja oma 02.12.2024 otsusega kinnitanud Coop Pank AS-i Pillar 2 kapitalinõude ja suunise senistel tasemetel. Vastavalt Finantsinspektsiooni otsusele kehtib alates 01.01.2025 Coop Pank AS- ile Pillar 2 nõue suuruses 2,75% ja Pillar 2 suunis suuruses 1,50% kogu riskipositsioonist. 28.11.2024 määras Eesti Pank Coop Pank AS-i süsteemselt oluliseks krediidiasutuseks ja sellega kaasneb täiendav süsteemselt olulise krediidiasutuse puhvri nõue 0,5% ulatuses alates 01.01.2025. Coop Pank AS-i kapitalinõuded ja puhvrid on järgmised: +------------------------------------------------+------------+------------+ | | Kuni | Alates | | | 31.12.2024 | 01.01.2025 | +------------------------------------------------+------------+------------+ | Esimese taseme põhiomavahendite nõue (CET1) sh | 10,05% | 10,55% | +------------------------------------------------+------------+------------+ | Baasnõue | 4,50% | 4,50% | +------------------------------------------------+------------+------------+ | Kapitali säilitamise puhver | 2,50% | 2,50% | +------------------------------------------------+------------+------------+ | Vastutsükliline puhver | 1,50% | 1,50% | +------------------------------------------------+------------+------------+ | Süsteemselt olulise krediidiasutuse puhver | 0,00% | 0,50% | +------------------------------------------------+------------+------------+ | Pillar 2 nõue (P2R) | 1,55% | 1,55% | +------------------------------------------------+------------+------------+ | | | | +------------------------------------------------+------------+------------+ | Esimese taseme omavahendid (Tier 1) sh | 12,06% | 12,56% | +------------------------------------------------+------------+------------+ | Baasnõue | 6,00% | 6,00% | +------------------------------------------------+------------+------------+ | Kapitali säilitamise puhver | 2,50% | 2,50% | +------------------------------------------------+------------+------------+ | Vastutsükliline puhver | 1,50% | 1,50% | +------------------------------------------------+------------+------------+ | Süsteemselt olulise krediidiasutuse puhver | 0,00% | 0,50% | +------------------------------------------------+------------+------------+ | Pillar 2 nõue (P2R) | 2,06% | 2,06% | +------------------------------------------------+------------+------------+ | | | | +------------------------------------------------+------------+------------+ | Kogukapitali nõue (CAD) sh | 14,75% | 15,25% | +------------------------------------------------+------------+------------+ | Baasnõue | 8,00% | 8,00% | +------------------------------------------------+------------+------------+ | Kapitali säilitamise puhver | 2,50% | 2,50% | +------------------------------------------------+------------+------------+ | Vastutsükliline puhver | 1,50% | 1,50% | +------------------------------------------------+------------+------------+ | Süsteemselt olulise krediidiasutuse puhver | 0,00% | 0,50% | +------------------------------------------------+------------+------------+ | Pillar 2 nõue (P2R) | 2,75% | 2,75% | +------------------------------------------------+------------+------------+ | | | | +------------------------------------------------+------------+------------+ | Pillar 2 suunis (P2G) | 1,50% | 1,50% | +------------------------------------------------+------------+------------+ Coop Panga finantsjuhi Paavo Truu sõnul täidab Coop Pank kõiki kehtivaid kapitalinõudeid varuga ja on piisavalt kapitaliseeritud jätkuvaks kasvuks. 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 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Finantsinspektsioon confirmed the capital requirements and guidance of Coop Pank AS at the current level
Message
Finantsinspektsioon has carried out annual Supervisory Review and Evaluation Process (SREP) and with its decision of 02.12.2024, confirmed the Pillar 2 capital requirement and guidance of Coop Pank AS at the current levels. According to the decision of Finantsinspektsioon, the Pillar 2 requirement of 2.75% and the Pillar 2 guidance of 1.50% of the total risk position apply to Coop Pank AS from 01.01.2025. On 28.11.2024, Eesti Pank designated Coop Pank AS as a systemically important credit institution, and this entails an additional systemically important credit institution buffer requirement of 0.50% from 01.01.2025. The capital requirements and buffers of Coop Pank AS are as follows: +------------------------------------------------+------------+------------+ | | Until | Since | | | 31.12.2024 | 01.01.2025 | +------------------------------------------------+------------+------------+ | Common Equity Tier 1 capital (CET1) | 10,05% | 10,55% | +------------------------------------------------+------------+------------+ | Base requirement | 4,50% | 4,50% | +------------------------------------------------+------------+------------+ | Capital conservation buffer | 2,50% | 2,50% | +------------------------------------------------+------------+------------+ | Countercyclical buffer | 1,50% | 1,50% | +------------------------------------------------+------------+------------+ | Systematically important institution buffer | 0,00% | 0,50% | +------------------------------------------------+------------+------------+ | Pillar 2 requirement (P2R) | 1,55% | 1,55% | +------------------------------------------------+------------+------------+ | | | | +------------------------------------------------+------------+------------+ | Tier 1 capital | 12,06% | 12,56% | +------------------------------------------------+------------+------------+ | Base requirement | 6,00% | 6,00% | +------------------------------------------------+------------+------------+ | Capital conservation buffer | 2,50% | 2,50% | +------------------------------------------------+------------+------------+ | Countercyclical buffer | 1,50% | 1,50% | +------------------------------------------------+------------+------------+ | Systematically important institution buffer | 0,00% | 0,50% | +------------------------------------------------+------------+------------+ | Pillar 2 requirement (P2R) | 2,06% | 2,06% | +------------------------------------------------+------------+------------+ | | | | +------------------------------------------------+------------+------------+ | Total capital adequacy (CAD) | 14,75% | 15,25% | +------------------------------------------------+------------+------------+ | Base requirement | 8,00% | 8,00% | +------------------------------------------------+------------+------------+ | Capital conservation buffer | 2,50% | 2,50% | +------------------------------------------------+------------+------------+ | Countercyclical buffer | 1,50% | 1,50% | +------------------------------------------------+------------+------------+ | Systematically important institution buffer | 0,00% | 0,50% | +------------------------------------------------+------------+------------+ | Pillar 2 requirement (P2R) | 2,75% | 2,75% | +------------------------------------------------+------------+------------+ | | | | +------------------------------------------------+------------+------------+ | Pillar 2 guidance (P2G) | 1,50% | 1,50% | +------------------------------------------------+------------+------------+ According to Paavo Truu, CFO of Coop Pank, Coop Pank fulfills all applicable capital requirements with a margin and is sufficiently capitalized for continued growth. 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: 5160 231 E-mail: [email protected] (mailto:[email protected])