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
17862
Attachments
Submission date and time
22.10.2025 08:00:31
Content of announcement in Estonian
Title
Coop Pank 2025. aasta III kvartali auditeerimata majandustulemused
Message
2025. aasta III kvartali lõpu seisuga oli Coop Pangal 222 000 klienti, klientide arv kasvas kvartaliga 4000 kliendi võrra (+2%) ja aastaga 20 000 võrra (+10%). Aktiivselt arveldavaid kliente oli 105?400, kvartaliga kasvas aktiivselt arveldavate klientide arv 1800 võrra (+2%) ja aastaga 10 000 võrra (+10%). Coop Panga hoiuste maht kasvas 2025. aasta III kvartalis 105 miljoni euro võrra (+6%), ulatudes 1,91 miljardi euroni. Eraklientide hoiuste portfell kasvas 9 miljoni euro võrra: nõudmiseni hoiused püsisid võrreldes eelmise kvartaliga samal tasemel ja tähtajalised hoiused kasvasid 9 miljoni euro võrra. Äriklientide hoiuste maht kasvas 24 miljoni euro võrra: nõudmiseni hoiused kasvasid 44 miljoni euro võrra ja tähtajalised hoiused kahanesid 20 miljoni euro võrra. Rahvusvahelise hoiuste kaasamise platvormi hoiused kasvasid 71 miljoni euro võrra ja muu finantseering kasvas 40 miljoni euro võrra. Võrreldes 2024. aasta III kvartaliga on Coop Panga hoiuste maht kasvanud 83 miljoni euro võrra (+5%). 2025. aasta III kvartalis oli finantseerimiskulu 2,3%, eelmisel aastal samal ajal 3,3%. 2025. aasta III kvartalis kasvas Coop Panga neto laenuportfell 80 miljoni euro võrra (+4%), ulatudes 2,0 miljardi euroni. Suurimat kasvu näitas ärilaenude portfell, mis kasvas kvartaliga 48 miljonit eurot (+6%). Kodulaenu portfell kasvas 32 miljonit eurot (+4%), tarbimisfinantseerimise portfell kasvas 2 miljonit eurot (+2%) ja liisingu portfell kahanes 2 miljonit eurot (-1%). 2024. aasta III kvartaliga võrreldes on laenuportfell kasvanud 362 miljoni euro võrra (+22%). 2025. aasta III kvartalis oli Coop Panga viivises olev laenuportfell 2,3% tasemel. Aasta tagasi oli viivises olev laenuportfell 2,4% tasemel. Finantsvarade allahindluse kulu oli 2025. aasta III kvartalis 0,7 miljonit eurot, mida on 0,7 miljonit eurot vähem kui eelmises kvartalis ja 0,4 miljonit eurot vähem kui oli 2024. aasta III kvartalis. Coop Panga netotulud olid 2025. aasta III kvartalis 19,5 miljonit eurot, jäädes eelmise kvartaliga samale tasemele ja kahanedes aastases võrdluses 8%. Tegevuskulud ulatusid III kvartalis 10,5 miljoni euroni, kasvades kvartaalses võrdluses 4% ja aastases võrdluses 2%. Coop Pank teenis 2025. aasta III kvartalis 7 miljonit eurot puhaskasumit, mida on 5% rohkem kui eelmises kvartalis ja 19% vähem kui aasta tagasi. Panga kulude ja tulude suhe oli II kvartalis 54% ning omakapitali tootlus 12,5%. Coop Pangal on 30.09.2025 seisuga 34?000 aktsionäri. Coop Panga juhatuse esimehe Arko Kurtmanni kommentaar tulemustele: ?Eesti majandus ei ole veel uut kasvuhoogu sisse saanud, ent näeme juba pikemat aega, kuidas ettevõtete huvi investeeringute ja finantseeringute vastu kasvab. Kui ettevõtted viivad aktiivselt oma investeeringuid ellu, panustab see ka majanduse elavnemisse ja majanduskasvu. Seda toetab ka juba kevadest alates stabiilseks muutunud intressikeskkond ning rahaturgude ennustus, et euribor jääb püsima 2% juurde. Kõik see soodustab ka laenuraha kasutamist ja panga finantseerimiskulu alanemist, mis hakkab toetama panga stabiilse kasumi pöördumist kasvukursile. Kolmandas kvartalis näitas Coop Panga laenuportfell tugevat kasvu ja suurenes 80 miljoni euro võrra ja ületas esmakordselt 2 miljardi euro piiri, millega pank täitis enneaegselt endale 2027. aasta alguseks seatud strateegilise eesmärgi. Coop Panga hoiused kasvasid kolmandas kvartalis 105 miljoni euro võrra. Kolmandas kvartalis muutusid Coop Panga juhatuse ja juhtkonna kooseisud. Nõukogu valis uueks juhatuse esimeheks Arko Kurtmanni ja uueks juhatuse liikmeks Lehar Küti. Panga juhtkonnaga liitus uus IT juht Alvar Pihlapuu ja ärikliendi finantseerimise äriliini juht Deiro Kaju. Olulise sündmusena avas kolmandas kvartalis Coop Pangas oma kontod riik. Sellega on Coop Pank on teine eestimaine pank, kelle juures on Eesti riik oma kontod avanud. Nüüd saavad kõik teha ülekandeid nii maksu- ja tolliameti Coop Panga arvelduskontole maksude ja riiginõuete tasumiseks kui ka rahandusministeeriumi arvelduskontole riigilõivude ja muude riigile maksmiseks kuuluvate summade tasumiseks. Riigi usaldus Coop Panga vastu on meie jaoks suur tunnustus. Coop Panga ärimahtude kasv, laenuportfelli kõrge kvaliteet ja kuluefektiivne juhtimine päädis Coop Panga jaoks kolmandas kvartalis korraliku puhaskasumiga 7 miljonit eurot. Panga kulude ja tulude suhe oli teises kvartalis 54% ning omakapitali tootlus 12,5%." Kasumiaruanne, 2024 III tuhandetes eurodes 2025 III kv 2025 II kv kv 2025 9 kuud 2024 9 kuud ------------------------------------------------------------------------------- Neto intressitulud 18 299 18 003 20 021 54 231 58 420 Neto teenustasutulud 1 100 1 166 1 040 3 420 3 054 Muud tegevustulud, neto 143 375 167 745 438 ------------------------------------------------------------------------------- Netotulud kokku 19 543 19 544 21 227 58 397 61 913 ------------------------------------------------------------------------------- Tööjõukulud -6 472 -5 917 -6 138 -17 968 -17 405 Turunduskulud -370 -453 -593 -1 182 -1 902 Rent, kontorikulud ja mat.pv kulum -683 -777 -729 -2 267 -2 299 IT kulud ja immat.pv kulum -1 903 -1 724 -1 579 -5 240 -4 457 Muud kulud -1 031 -1 220 -1 221 -3 414 -3 716 ------------------------------------------------------------------------------- Tegevuskulud kokku -10 459 -10 091 -10 261 -30 069 -29 777 ------------------------------------------------------------------------------- Kasum enne allahindluste kulu 9 083 9 453 10 967 28 327 32 135 Finantsvarade allahindlus -664 -1 367 -1 022 -2 257 -2 822 Kasum enne tulumaksu 8 419 8 086 9 945 26 070 29 313 Tulumaksu kulu -1 448 -1 437 -1 296 -4 537 -3 528 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 6 971 6 649 8 649 21 533 25 785 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Puhaskasum aktsia kohta, eur 0,07 0,06 0,08 0,21 0,25 Lahustatud puhaskasum aktsia kohta, eur 0,07 0,06 0,08 0,20 0,25 ------------------------------------------------------------------------------- Finantsseisundi aruanne, tuhandetes eurodes 30.09.2025 30.06.2025 31.12.2024 30.09.2024 ------------------------------------------------------------------------------- Raha ja raha ekvivalendid 416 495 356 473 343 678 404 472 Võlainstrumendid 52 647 47 832 37 751 37 445 Laenud klientidele 2 023 349 1 943 420 1 774 118 1 661 152 Muud varad 39 443 36 090 33 066 31 956 ------------------------------------------------------------------------------- Varad kokku 2 531 934 2 383 816 2 188 614 2 135 025 ------------------------------------------------------------------------------- Klientide hoiused ja saadud laenud 1 957 852 1 816 313 1 886 145 1 838 626 Emiteeritud võlaväärtpaberid 254 676 253 537 0 0 Muud kohustised 28 752 30 645 27 683 28 026 Allutatud laenud 63 348 63 148 63 148 63 410 ------------------------------------------------------------------------------- Kohustised kokku 2 304 629 2 163 642 1 976 977 1 930 062 ------------------------------------------------------------------------------- Omakapital 227 305 220 174 211 637 204 963 ------------------------------------------------------------------------------- Kohustised ja omakapital kokku 2 531 934 2 383 816 2 188 614 2 135 025 ------------------------------------------------------------------------------- Coop Panga aruanded on leitavad aadressilt: https://www.cooppank.ee/aruandlus Coop Pank korraldab 2025. aasta III kvartali majandustulemuste tutvustamiseks veebiseminari 22. oktoobril 2025 kell 9.00. Osalemiseks palume eelnevalt registreeruda aadressil: https://bit.ly/CP-veebiseminar-registreeru-22102025 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 222 000 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 Q3 2025
Message
By the end of the Q3 2025, Coop Pank had 222,000 customers, increased by 4,000 customers in the quarter (+2%) and by 20,000 in the year (+10%). The bank had 105,400 active customers, increased by 1,800 (+2%) in the quarter and by 10,000 (+10%) in the year. In Q3 2025, volume of deposits in Coop Pank increased by 105 million euros (+6%), reaching total of 1.91 billion euros. Deposits from private customers increased by 9 million euros: demand deposits remained at the same level compared to the previous quarter and term deposits increased by 9 million euros. Deposits from domestic business customers increased by 24 million euros: demand deposits increased by 44 million euro and term deposits decreased by 20 million euros. Deposits from international deposit platform increased by 71 million euros and other financing increased by 40 million euros. Compared to Q3 2024, volume of Coop Pank's deposits has increased by 83 million euros (+5%). In Q3 2025, the bank's financing cost was 2.3%, at the same time last year the financing cost was 3.3%. In Q3 2025, net loan portfolio of Coop Pank increased by 80 million euros (+4%), reaching 2.0 billion euros. Over the quarter, the strongest growth was shown in the business loans portfolio, which increased by 48 million euros (+6%). Home loans increased by 32 million euros (+4%), consumer finance portfolio increased by 2 million euros (+2%) and leasing portfolio decreased by 2 million euros (- 1%). Compared to Q3 2024, total loan portfolio of Coop Pank has grown by 362 million euros (+22%). In Q3 2025, overdue loan portfolio of Coop Pank was at the level 2.3%. A year ago, overdue loan portfolio was at the level of 2.4%. Impairment costs of financial assets in Q3 2025 were 0.7 million euros, which is 0.7 million euros more than in previous quarter and 0.4 million euros more than in Q3 2024. Net income of Coop Pank in Q3 2025 was 19.5 million euros, remaining at the same level as in the previous quarter and decreasing by 8% in an annual comparison. Operating expenses reached 10.5 million euros in Q3, increasing by 4% in the quarterly comparison and by 2% in the annual comparison. In Q3 2025, net profit of Coop Pank was 7 million euros, which is 5% more than in the previous quarter and 19% less than a year ago. In Q3 2025, cost to income ratio of the bank was 54% and return on equity was 12.5%. As of 30 September 2025, Coop Pank has 34,000 shareholders. Arko Kurtmann, Chairman of the Management Board of Coop Pank, comments the results: "Although the Estonian economy has not yet regained its growth momentum, we have observed a sustained increase in companies' interest in investments and financing. When companies proactively implement their investment plans, it contributes to economic recovery and growth. This trend is further supported by the stabilised interest rate environment since spring and the prevailing money market forecasts suggesting that Euribor will remain around 2%. These factors promote the use of loan capital and contribute to lowering the bank's cost of funding, which in turn supports a return to a profitable growth trajectory. In the third quarter, Coop Pank's loan portfolio showed strong growth, increasing by 80 million euros and exceeding the 2 billion euros threshold for the first time, thereby achieving ahead of schedule the strategic goal set for the beginning of 2027. Deposits at Coop Pank grew by 105 million euros over the same period. Changes also took place in the composition of Coop Pank's Management Board and executive leadership during the third quarter. The Supervisory Board appointed Arko Kurtmann as the new Chairman of the Management Board and Lehar Kütt as a new member of the Management Board. The executive team was further strengthened by the addition of Alvar Pihlapuu as Chief Information Officer and Deiro Kaju as Head of the Corporate Financing Business Line. A notable development in the third quarter was the opening of state accounts at Coop Pank. With this, Coop Pank became the second domestically owned bank in Estonia to hold state accounts. As a result, all customers can now make payments to the Tax and Customs Board's account at Coop Pank for tax and state obligation settlements, as well as to the Ministry of Finance's account for the payment of state fees and other public liabilities. The trust placed in Coop Pank by the Estonian state is a significant acknowledgement for us. The bank's growing business volumes, the high quality of its loan portfolio, and effective cost management led to a solid net profit of 7 million euros in the third quarter. The cost-to-income ratio stood at 54%, and return on equity reached 12.5%." Income statement, in th. of euros Q3 2025 Q2 2025 Q3 2024 9M 2025 9M 2024 ------------------------------------------------------------------------------- Net interest income 18 299 18 003 20 021 54 231 58 420 Net fee and commission income 1 100 1 166 1 040 3 420 3 054 Net other income 143 375 167 745 438 ------------------------------------------------------------------------------- Total net income 19 543 19 544 21 227 58 397 61 913 ------------------------------------------------------------------------------- Payroll expenses -6 472 -5 917 -6 138 -17 968 -17 405 Marketing expenses -370 -453 -593 -1 182 -1 902 Rental and office expenses, depr. of tangible assets -683 -777 -729 -2 267 -2 299 IT expenses and depr. of intangible assets -1 903 -1 724 -1 579 -5 240 -4 457 Other operating expenses -1 031 -1 220 -1 221 -3 414 -3 716 ------------------------------------------------------------------------------- Total operating expenses -10 459 -10 091 -10 261 -30 069 -29 777 ------------------------------------------------------------------------------- Net profit before impairment losses 9 083 9 453 10 967 28 327 32 135 Impairment costs on financial assets -664 -1 367 -1 022 -2 257 -2 822 Net profit before income tax 8 419 8 086 9 945 26 070 29 313 Income tax expenses -1 448 -1 437 -1 296 -4 537 -3 528 ------------------------------------------------------------------------------- Net profit for the period 6 971 6 649 8 649 21 533 25 785 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Earnings per share, eur 0,07 0,06 0,08 0,21 0,25 Diluted earnings per share, eur 0,07 0,06 0,08 0,20 0,25 ------------------------------------------------------------------------------- Statement of financial position, in th. of euros 30.09.2025 30.06.2025 31.12.2024 30.09.2024 ------------------------------------------------------------------------------- Cash and cash equivalents 416 495 356 473 343 678 404 472 Debt securities 52 647 47 832 37 751 37 445 Loans to customers 2 023 349 1 943 420 1 774 118 1 661 152 Other assets 39 443 36 090 33 066 31 956 ------------------------------------------------------------------------------- Total assets 2 531 934 2 383 816 2 188 614 2 135 025 ------------------------------------------------------------------------------- Customer deposits and loans received 1 957 852 1 816 313 1 886 145 1 838 626 Debt securities issued 254 676 253 537 0 0 Other liabilities 28 752 30 645 27 683 28 026 Subordinated debt 63 348 63 148 63 148 63 410 ------------------------------------------------------------------------------- Total liabilities 2 304 629 2 163 642 1 976 977 1 930 062 ------------------------------------------------------------------------------- Equity 227 305 220 174 211 637 204 963 ------------------------------------------------------------------------------- Total liabilities and equity 2 531 934 2 383 816 2 188 614 2 135 025 ------------------------------------------------------------------------------- The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting Coop Pank will organise a webinar on 22 October 2025 at 9:00 AM, to present the financial results of Q3 2025. For participation, please register in advance at: https://bit.ly/CP-veebiseminar-registreeru-22102025 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 222,000 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])