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
17594
Attachments
Submission date and time
18.07.2025 08:00:05
Content of announcement in Estonian
Title
Coop Pank 2025. aasta II kvartali auditeerimata majandustulemused
Message
2025. aasta II kvartali lõpu seisuga oli Coop Pangal 218 000 klienti, klientide arv kasvas kvartaliga 5000 kliendi võrra (+2%) ja aastaga 22 000 võrra (+11%). Aktiivselt arveldavaid kliente oli 103?600, kvartaliga kasvas aktiivselt arveldavate klientide arv 1800 võrra (+2%) ja aastaga 8300 võrra (+9%). Coop Panga hoiuste maht langes 2025. aasta II kvartalis 98 miljoni euro võrra (- 5%), ulatudes 1,81 miljardi euroni. Hoiuste teadlik välja juhtimine tuleneb I kvartalis tehtud edukast pandikirjade emissioonist. Eraklientide hoiuste portfell kasvas 0,4 miljoni euro võrra: nõudmiseni hoiused kahanesid 0,4 miljoni euro võrra ja tähtajalised hoiused kasvasid 0,8 miljoni euro võrra. Äriklientide hoiuste maht kahanes 78 miljoni euro võrra: nõudmiseni hoiused kahanesid 10 miljoni euro võrra ja tähtajalised hoiused kahanesid 68 miljoni euro võrra. Rahvusvahelise hoiuste kaasamise platvormi Raisin hoiused ja muu finantseering kahanes 21 miljoni euro võrra. Võrreldes 2024. aasta II kvartaliga on Coop Panga hoiuste maht kasvanud 77 miljoni euro võrra (+4%). Aastases võrdluses on panga nõudmiseni hoiuste osakaal kõigist hoiustest kasvanud 32% pealt 33% peale. 2025. aasta II kvartalis oli finantseerimiskulu 2,5%, eelmisel aastal samal ajal 3,4%. 2025. aasta II kvartalis kasvas Coop Panga neto laenuportfell 125 miljoni euro võrra (+7%), ulatudes 1,94 miljardi euroni. Suurimat kasvu näitas ärilaenude portfell, mis kasvas kvartaliga 82 miljonit eurot (+10%). Kodulaenu portfell kasvas 37 miljonit eurot (+5%). Liisingu portfell kavas 3 miljonit eurot (+2%) ja tarbimisfinantseerimise portfell kasvas 2 miljonit eurot (2%). 2024. aasta II kvartaliga võrreldes on laenuportfell kasvanud 322 miljoni euro võrra (+20%). 2025. aasta II kvartalis oli Coop Panga viivises olev laenuportfell 2,8% tasemel. Aasta tagasi oli viivises olev laenuportfell 2,2% tasemel. Finantsvarade allahindluse kulu oli 2025. aasta II kvartalis 1,4 miljonit eurot, mida on 1,1 miljonit eurot rohkem kui eelmises kvartalis ja 0,1 miljonit eurot rohkem kui oli 2024. aasta II kvartalis. Coop Panga netotulud olid 2025. aasta II kvartalis 19,5 miljonit eurot, kasvades kvartaalses võrdluses 1% ja kahanedes aastases võrdluses 5%. Tegevuskulud ulatusid II kvartalis 10,1 miljoni euroni, kasvades kvartaalses võrdluses 6% ja jäädes aastases võrdluses samaks, mis 2024. aasta II kvartalis. Coop Pank teenis 2025. aasta II kvartalis 6,6 miljonit eurot puhaskasumit, mida on 16% vähem kui eelmises kvartalis ja 17% vähem kui aasta tagasi. Panga kulude ja tulude suhe oli II kvartalis 52% ning omakapitali tootlus 12,1%. Coop Pangal on 30.06.2025 seisuga 34?700 aktsionäri. Coop Panga juhatuse esimehe kohusetäitja Heikko Mäe kommentaar tulemustele: ?Eesti majandus tervikuna ei ole käesoleval aastal veel uut kasvuhoogu sisse saanud, ent intressitasemed on stabiliseerumas ja tunda on vastutuule vaibumist ning Coop Panga tulemused näitavad kodumaise panga kiire kasvu jätkumist. Ühelt poolt on 5-protsendiline inflatsioon vähendanud tarbijate kindlustunnet ja mõjutab otseselt majapidamiste ostujõudu. Ebameeldivalt paistab silma ka kasvav töötuse määr, mis läheneb 9 protsendile. Teiselt poolt annab aga optimismiks alust tööstussektor, kus tootmisvõimsuste kasutamine on selges kasvutrendis tänu välisturgude taastumisele ning alanevatele intressikuludele. Sellises majanduskeskkonnas on Coop Panga teise kvartali tulemused väga tugevad: pank kasvatas kvartaliga laenuportfelli rekordilised 125 miljonit eurot ja kasvab turust ligi kaks korda kiiremini. Suurima kasvu tegid kvartaliga ärilaenude ja kodulaenude portfellid. Näeme, et praegu teevad aktiivselt investeeringuid nii töötlev tööstus kui ka kinnisvarasektor. Kodulaenutaotlejate seas on hüppeliselt kasvanud huvi eelkõige ehituslaenude järele ja samuti võetakse kodudes üle Eesti praegu ette palju suuremamahulisi remondi- ja renoveerimistöid, mida kodulaenuga rahastatakse. Ärimahtude kiire kasvu juures on panga tegevuskulud jäänud aastataguse ajaga samaks ning krediidikahjud on jätkuvalt minimaalsed, mis näitab, et Coop Pank tegutseb efektiivselt ja vastutustundlikult. Alates juunist viis pank koostöö Coop kaubandusega uuele tasemele ja hakkas pakkuma ühistele eraklientidele rahalist ostupreemiat. See on oluline täiendus ühiste klientide väärtuspakkumisele ja osa äsja jõustunud panga arvelduspakettide uuendusest. Meie tulemused kinnitavad, et kohalik tugev pank saab koos klientidega edukalt kasvada ka keerulises majanduskeskkonnas. Selleks pakume jätkuvalt igas Eestimaa nurgas pangateenuseid ja finantseerimislahendusi stabiilsust otsivatele majapidamistele ja investeerimisvõimalustest huvitatud ettevõtetele. Ärimahtude kasv, laenuportfelli kõrge kvaliteet, kulude kontrolli alla hoidmine ning intressikeskkonnast ning mastaabiefektist tulenev finantseerimiskulu alanemine päädis teises kvartalis Coop Panga jaoks tugeva puhaskasumiga, milleks oli 6,6 miljonit eurot. Panga kulude ja tulude suhe oli teises kvartalis 52% ning omakapitali tootlus 12,1%." Kasumiaruanne, tuhandetes 2025 2024 eurodes 2025 II kv 2025 I kv 2024 II kv 6 kuud 6 kuud ------------------------------------------------------------------------------- Neto intressitulud 18 003 17 930 19 319 35 933 38 400 Neto teenustasutulud 1 166 1 155 1 000 2 321 2 015 Muud tegevustulud, neto 375 225 146 600 271 ------------------------------------------------------------------------------- Netotulud kokku 19 544 19 310 20 464 38 854 40 686 ------------------------------------------------------------------------------- Tööjõukulud -5 917 -5 578 -5 858 -11 496 -11 267 Turunduskulud -453 -358 -775 -811 -1 308 Rent, kontorikulud ja mat. põhivara kulum -777 -807 -775 -1 584 -1 570 IT kulud ja immat. põhivara kulum -1 724 -1 613 -1 474 -3 337 -2 879 Muud kulud -1 220 -1 162 -1 208 -2 382 -2 494 ------------------------------------------------------------------------------- Tegevuskulud kokku -10 091 -9 519 -10 091 -19 610 -19 518 ------------------------------------------------------------------------------- Kasum enne allahindluste kulu 9 453 9 791 10 374 19 244 21 168 Finantsvarade allahindlus -1 367 -226 -1 224 -1 594 -1 800 Kasum enne tulumaksu 8 086 9 565 9 150 17 650 19 368 Tulumaksu kulu -1 437 -1 652 -1 152 -3 088 -2 232 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 6 649 7 913 7 998 14 562 17 136 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Puhaskasum aktsia kohta, eur 0,06 0,08 0,08 0,14 0,17 Lahustatud puhaskasum aktsia kohta, eur 0,06 0,08 0,08 0,14 0,16 ------------------------------------------------------------------------------- Finantsseisundi aruanne, tuhandetes eurodes 30.06.2025 31.03.2025 31.12.2024 30.06.2024 Raha ja raha ekvivalendid 356 473 564 441 343 678 335 710 Võlainstrumendid 47 832 49 536 37 751 36 980 Laenud klientidele 1 943 420 1 818 109 1 774 118 1 621 000 Muud varad 36 090 34 711 33 066 32 608 ------------------------------------------------------------------------------- Varad kokku 2 383 816 2 466 796 2 188 614 2 026 298 ------------------------------------------------------------------------------- Klientide hoiused ja saadud laenud 1 816 313 1 914 526 1 886 145 1 739 709 Emiteeritud võlaväärtpaberid 253 537 250 250 0 0 Muud kohustised 30 645 19 096 27 683 28 121 Allutatud laenud 63 148 63 363 63 148 63 148 ------------------------------------------------------------------------------- Kohustised kokku 2 163 642 2 247 235 1 976 977 1 830 978 ------------------------------------------------------------------------------- Omakapital 220 174 219 561 211 637 195 320 ------------------------------------------------------------------------------- Kohustised ja omakapital kokku 2 383 816 2 466 796 2 188 614 2 026 298 ------------------------------------------------------------------------------- Coop Panga aruanded on leitavad aadressilt: https://www.cooppank.ee/aruandlus Coop Pank korraldab 2025. aasta II kvartali majandustulemuste tutvustamiseks veebiseminari 18. juulil 2025 kell 9.00. Osalemiseks palume eelnevalt registreeruda aadressil: https://bit.ly/CP-veebiseminar-registreeru-18072025 Veebiseminar salvestatakse ning avalikustatakse Coop Panga kodulehel www.cooppank.ee (http://www.cooppank.ee) ja YouTube'i kontol (https://www.youtube.com/@cooppank). Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast universaalpangast. Pangal on 218 000 igapäevapanganduse klienti. Coop Pank kasutab jaekaubanduse ja panganduse vahel tekkivat sünergiat ning toob igapäevased pangateenused inimeste kodu lähedale. Panga strateegiliseks aktsionäriks on kodumaine kaubanduskett Coop Eesti, mille müügivõrgustikku kuulub 320 kauplust. Lisainfo: Paavo Truu Finantsjuht Telefon: +372 516 0231 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Coop Pank unaudited financial results for Q2 2025
Message
By the end of the Q2 2025, Coop Pank had 218,000 customers, increased by 5,000 customers in the quarter (+2%) and by 22,000 in the year (+11%). The bank had 103,600 active customers, increased by 1,800 (+2%) in the quarter and by 8,300 (+9%) in the year. In Q2 2025, volume of deposits in Coop Pank decreased by 98 million euros (- 5%), reaching total of 1.81 billion euros. The deliberate reduction of deposits is a result of the successful covered bond issuance carried out in the first quarter. Deposits from private clients increasing by 0.4 million euros: demand deposits decreased by 0.4 million euros and term deposits increased by 0.8 million euros. Deposits from domestic business customers decreased by 78 million euros: demand deposits decreased by 10 million euro and term deposits decreased by 68 million euros. Deposits from international deposit platform Raisin and other financing decreased by 21 million euros. Compared to Q2 2024, volume of Coop Pank's deposits has increased by 77 million euros (+4%). In an annual comparison, share of demand deposits of total deposits has increased from 32% to 33%. In Q2 2025, the bank's financing cost was 2.5%, at the same time last year the financing cost was 3.4%. In Q2 2025, net loan portfolio of Coop Pank increased by 125 million euros (+7%), reaching 1.94 billion euros. Over the quarter, the strongest growth was shown in the business loans portfolio, which increased by 82 million euros (+10%). Home loans increased by 37 million euros (+5%). The volumes of leasing portfolio increased by 3 million euros (+2%) and consumer finance portfolio increased by 2 million euros (+2%). Compared to Q2 2024, total loan portfolio of Coop Pank has grown by 322 million euros (+20%). In Q2 2025, overdue loan portfolio of Coop Pank was at the level 2.8%. A year ago, overdue loan portfolio was at the level of 2.2%. Impairment costs of financial assets in Q2 2025 were 1.4 million euros, which is 1.1 million euros more than in previous quarter and 0.1 million euros more than in Q2 2024. Net income of Coop Pank in Q2 2025 was 19.5 million euros, increasing by 1% in a quarterly comparison and decreasing by 5% in an annual comparison. Operating expenses reached 10.1 million euros in Q2 - operating expenses increased by 6% in the quarterly comparison and remained unchanged in the annual comparison. In Q2 2025, net profit of Coop Pank was 6.6 million euros, which is 16% less than in the previous quarter and 17% less than a year ago. In Q2 2025, cost to income ratio of the bank was 52% and return on equity was 12.1%. As of 30 June 2025, Coop Pank has 34,700 shareholders. Heikko Mäe, Interim Chairman of the Management Board of Coop Pank, comments the results: "The Estonian economy as a whole has not yet picked up new growth momentum this year. However, interest rates are stabilizing, there are signs that economic headwinds are easing, and Coop Pank's results show that the rapid growth of a domestic bank is continuing. On one hand, 5% inflation has reduced consumer confidence and directly affects the purchasing power of households. The rising unemployment rate, approaching 9%, is also a negative signal. On the other hand, there are positive signs in the industrial sector, where capacity utilization is increasing thanks to the recovery of export markets and lower interest costs. In this economic environment, Coop Pank achieved strong results in the second quarter: the bank grew its loan portfolio by a record 125 million euros and is growing nearly twice as fast as the market. The strongest growth came from business loans and home loans. We see that both the manufacturing and real estate sectors are actively investing. Among home loan applicants, there is particularly strong demand for construction loans, and many large-scale repair and renovation works are in progress across homes in Estonia, financed through home loans. While business volumes are growing quickly, the bank's operating costs have remained the same as a year ago, and credit losses are still minimal. This demonstrates that Coop Pank is operating efficiently and responsibly. Since June, the bank has taken its cooperation with Coop retail to a new level by offering a new cashback solution to shared private customers. This is an important addition to the value proposition for joint customers and is part of the bank's recently introduced account package upgrade. Our results confirm that a strong local bank can grow successfully with its customers even in a challenging economic environment. We continue to provide banking services and financing solutions across all of Estonia - for households seeking stability and for businesses looking for investment opportunities. Growth in business volumes, the high quality of the loan portfolio, cost control, and the decline in financing costs due to the interest rate environment and scale effects resulted in a strong net profit of 6.6 million euros for Coop Pank in the second quarter. The bank's cost-to-income ratio was 52%, and return on equity was 12.1%." Income statement, in th. of euros Q2 2025 Q1 2025 Q2 2024 6M 2025 6M 2024 ------------------------------------------------------------------------------- Net interest income 18 003 17 930 19 319 35 933 38 400 Net fee and commission income 1 166 1 155 1 000 2 321 2 015 Net other income 375 225 146 600 271 ------------------------------------------------------------------------------- Total net income 19 544 19 310 20 464 38 854 40 686 ------------------------------------------------------------------------------- Payroll expenses -5 917 -5 578 -5 858 -11 496 -11 267 Marketing expenses -453 -358 -775 -811 -1 308 Rental and office expenses, depr. of tangible assets -777 -807 -775 -1 584 -1 570 IT expenses and depr. of intangible assets -1 724 -1 613 -1 474 -3 337 -2 879 Other operating expenses -1 220 -1 162 -1 208 -2 382 -2 494 ------------------------------------------------------------------------------- Total operating expenses -10 091 -9 519 -10 091 -19 610 -19 518 ------------------------------------------------------------------------------- Net profit before impairment losses 9 453 9 791 10 374 19 244 21 168 Impairment costs on financial assets -1 367 -226 -1 224 -1 594 -1 800 Net profit before income tax 8 086 9 565 9 150 17 650 19 368 Income tax expenses -1 437 -1 652 -1 152 -3 088 -2 232 ------------------------------------------------------------------------------- Net profit for the period 6 649 7 913 7 998 14 562 17 136 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Earnings per share, eur 0,06 0,08 0,08 0,14 0,17 Diluted earnings per share, eur 0,06 0,08 0,08 0,14 0,16 ------------------------------------------------------------------------------- Statement of financial position, in th. of euros 30.06.2025 31.03.2025 31.12.2024 30.06.2024 ------------------------------------------------------------------------------- Cash and cash equivalents 356 473 564 441 343 678 335 710 Debt securities 47 832 49 536 37 751 36 980 Loans to customers 1 943 420 1 818 109 1 774 118 1 621 000 Other assets 36 090 34 711 33 066 32 608 ------------------------------------------------------------------------------- Total assets 2 383 816 2 466 796 2 188 614 2 026 298 ------------------------------------------------------------------------------- Customer deposits and loans received 1 816 313 1 914 526 1 886 145 1 739 709 Debt securities issued 253 537 250 250 0 0 Other liabilities 30 645 19 096 27 683 28 121 Subordinated debt 63 148 63 363 63 148 63 148 ------------------------------------------------------------------------------- Total liabilities 2 163 642 2 247 235 1 976 977 1 830 978 ------------------------------------------------------------------------------- Equity 220 174 219 561 211 637 195 320 ------------------------------------------------------------------------------- Total liabilities and equity 2 383 816 2 466 796 2 188 614 2 026 298 ------------------------------------------------------------------------------- The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting Coop Pank will organise a webinar on 18 July 2025 at 9:00 AM, to present the financial results of Q1 2025. For participation, please register in advance at: https://bit.ly/CP-veebiseminar-registreeru-18072025 The webinar will be recorded and published on the company's website www.cooppank.ee (http://www.cooppank.ee) and on the YouTube channel (https://www.youtube.com/@cooppank). Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 218,000 daily banking clients. 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: +372 516 0231 E-mail: [email protected] (mailto:[email protected])