Market announcement
Coop Pank AS
Category
Management interim statement or quarterly financial report
Attachments
Date
22.04.2026 08:00:01
Title
Coop Pank 2026. aasta I kvartali auditeerimata majandustulemused
Message
2026. aasta I kvartali lõpu seisuga oli Coop Pangal 231 000 klienti, klientide arv kasvas kvartaliga 4 000 kliendi võrra (+1,9%) ja aastaga 18 500 võrra (+9%). Aktiivselt arveldavaid kliente oli 110 000, kvartaliga kasvas aktiivselt arveldavate klientide arv 1800 võrra (+1,6%) ja aastaga 8 000 võrra (+8%). Coop Panga hoiuste maht kasvas 2026. aasta I kvartalis 73 miljoni euro võrra (+4%), ulatudes 2,12 miljardi euroni. Eraklientide hoiuste portfell kasvas 17,5 miljoni euro võrra: nõudmiseni hoiused kasvasid võrreldes eelmise kvartaliga 1,9 miljoni ja tähtajalised hoiused kasvasid 15,6 miljoni euro võrra. Äriklientide hoiuste maht kasvas 25,0 miljoni euro võrra: nõudmiseni hoiused kasvasid 29,9 miljoni euro võrra ja tähtajalised hoiused kahanesid 4,9 miljoni euro võrra. Platvormidelt kaastatud hoiused kasvasid 30,2 miljoni euro võrra. Võrreldes 2025. aasta I kvartaliga on Coop Panga hoiuste maht kasvanud 213 miljoni euro võrra (+11%). 2026. aasta I kvartalis oli finantseerimiskulu 2,1%, eelmisel aastal samal ajal 2,8%. 2026. aasta I kvartalis kasvas Coop Panga neto laenuportfell 37 miljoni euro võrra (+2%), ulatudes 2,15 miljardi euroni. Suurimat kasvu näitas ärilaenude portfell, mis kasvas kvartaliga 23 miljonit eurot (+2%). Kodulaenu portfell kasvas 17 miljonit eurot (+2%), liisingu portfell kahanes 2 miljonit eurot (- 1%) ja tarbimisfinantseerimise portfell jäi samale tasemele. 2025. aasta I kvartaliga võrreldes on laenuportfell kasvanud 333 miljoni euro võrra (+18%). 2026. aasta I kvartalis oli Coop Panga viivises olev laenuportfell 1,9% tasemel. Aasta tagasi oli viivises olev laenuportfell 2,1% tasemel. Finantsvarade allahindluse kulu oli 2026. aasta I kvartalis 0,4 miljonit eurot, mida on 0,6 miljonit eurot vähem kui eelmises kvartalis ja 0,15 miljonit eurot rohkem kui oli 2025. aasta I kvartalis. Coop Panga netotulud olid 2026. aasta I kvartalis 20,8 miljonit eurot, kahanedes võrreldes eelmise kvartaliga 1% ja kasvades aastases võrdluses 8%. Tegevuskulud ulatusid I kvartalis 10,9 miljoni euroni, kahanedes kvartaalses võrdluses 4% ja kasvades aastases võrdluses 15%. Coop Pank teenis 2026. aasta I kvartalis 8,3 miljonit eurot puhaskasumit, mida on 15% rohkem kui eelmises kvartalis ja 5% rohkem kui aasta tagasi. Panga kulude ja tulude suhe oli I kvartalis 53% ning omakapitali tootlus 13,9%. Coop Pangal on 31.03.2026 seisuga 32,2 tuhat aktsionäri. Coop Panga juhatuse esimehe Arko Kurtmanni kommentaar tulemustele: ?On heameel tõdeda, et kasvatasime kasumit juba neljandat kvartalit järjest. See kinnitab, et liigume õiges suunas ning meie ärimudel toimib, hoolimata muutlikust majanduskeskkonnast. Intressimäärad, mis viimased üheksa kuud püsisid stabiilsena, on taas tõusma hakanud. Hoolimata sellest püsib nõudlus finantseerimise järele tugev, stabiilne nõudlus kodulaenude vastu peegeldab tarbija kindlustunde taastumist, lisaks üle aasta hangunud autode müük näitas esimese kvartali lõpus tõusu ning koos sellega on kasvamas nõudlus liisingu järele. Ettevõtted tegid pangalaenu toel investeeringuid peamiselt töötlevasse tööstusesse ja elukondliku kinnisvara arendusse. Kvartali alguses said paika panga strateegilised eesmärgid 2030. aastani. Viie aastaga on plaanis puhaskasum kahekordistada, kasvatada laenuportfelli turuosa 10%-ni ning pakkuda investoritele omakapitali tootlust vähemalt 15%. Lisaks otsustati välja arendada investeerimistoodete valdkond ning aprilli alguses asus tööle investeerimisteenuste äriliini juht Sander Pikkel, kelle eestvedamisel loome täpsema tegevuskava. Panga IT-juht Alvar Pihlapuu sai juhatuse liikmeks, kinnitades digitaliseerimise ja tehnoloogilise võimekuse tugevdamise tähtsust. Märtsis läbi viidud võlakirjade avalik pakkumine märgiti investorite poolt 5,7 korda üle. Nii suur huvi peegeldab usaldust Coop Panga vastu ja usku meie kasvu jätkumisse. Võlakirjade emissiooniga tugevdasime oma kapitalibaasi, mis loob eeldused edasiseks ärimahtude kasvuks. Eesti majanduselt oodatakse lähiajal elavnemist ning oleme selleks kasvuks valmis. Oleme kogunud piisava kapitalipuhvri, et finantseerida nii ettevõtteid kui ka eraisikuid nende plaanide elluviimisel. Panga laenumahud kasvasid kvartaliga 37 miljoni euro võrra ning laenuportfelli kvaliteet püsib tugev. Koostöös Coopi kauplusteketiga astusime olulise sammu edasi ka lojaalsusprogrammi arendamisel. Uuendatud programmiga pakume ligi 758 000 Coopi kliendikaardi omanikule senisest paremaid tingimusi ning tõime turule Coop Pluss krediitkaardi, mis ühendab igapäevased ostueelised ja paindlikud finantseerimisvõimalused. Coop Panga ärimahtude kasv, laenuportfelli kõrge kvaliteet ja kuluefektiivne juhtimine päädisid esimeses kvartalis tugeva puhaskasumiga 8,3 miljonit eurot. Panga kulude ja tulude suhe oli 53% ning omakapitali tootlus 13,9%." Kasumiaruanne, tuh eurodes 2026 I kv 2025 IV kv 2025 I kv ------------------------------------------------------------------------------- Neto intressitulud 19 544 19 038 17 930 Neto teenustasutulud 1 085 1 123 1 155 Muud tegevustulud, neto 187 797 225 ------------------------------------------------------------------------------- Netotulud kokku 20 816 20 958 19 310 ------------------------------------------------------------------------------- Tööjõukulud -6 396 -6 438 -5 578 Turunduskulud -446 -675 -358 Rent, kontorikulud ja mat.pv kulum -885 -823 -807 IT kulud ja immat.pv kulum -1 942 -1 995 -1 613 Muud kulud -1 295 -1 490 -1 162 ------------------------------------------------------------------------------- Tegevuskulud kokku -10 964 -11 422 -9 519 ------------------------------------------------------------------------------- Kasum enne allahindluste kulu 9 852 9 537 9 792 Finantsvarade allahindlus -376 -1 041 -226 Kasum enne tulumaksu 9 477 8 495 9 565 Tulumaksu kulu -1 171 -1 305 -1 652 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 8 305 7 190 7 913 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Puhaskasum aktsia kohta, eur 0,08 0,07 0,08 Lahustatud puhaskasum aktsia kohta, eur 0,08 0,07 0,08 ------------------------------------------------------------------------------- Finantsseisundi aruanne, tuh eurodes 31.03.2026 31.12.2025 31.03.2025 ------------------------------------------------------------------------------ Raha ja raha ekvivalendid 450 950 488 717 564 441 Võlainstrumendid 96 173 63 023 49 536 Laenud klientidele 2 151 502 2 114 091 1 818 109 Muud varad 34 326 37 163 34 711 ------------------------------------------------------------------------------ Varad kokku 2 732 951 2 702 994 2 466 796 ------------------------------------------------------------------------------ Klientide hoiused ja saadud laenud 2 154 538 2 124 520 1 914 527 Emiteeritud võlaväärtpaberid 246 589 255 203 250 250 Muud kohustised 21 407 25 580 19 096 Allutatud laenud 68 370 63 148 63 363 ------------------------------------------------------------------------------ Kohustised kokku 2 490 905 2 468 451 2 247 236 ------------------------------------------------------------------------------ Omakapital 242 046 234 543 219 561 ------------------------------------------------------------------------------ Kohustised ja omakapital kokku 2 732 951 2 702 994 2 466 796 ------------------------------------------------------------------------------ Coop Panga aruanded on leitavad aadressilt: https://www.cooppank.ee/aruandlus Coop Pank korraldab 2026. aasta I kvartali majandustulemuste tutvustamiseks veebiseminari 22. aprillil 2026 kell 9.30. Seda on võimalik jälgida lingil https://youtube.com/live/mohkdCfj1Ew. Veebiseminari ajal on võimalik küsida küsimusi Slido keskkonna kaudu: https://app.sli.do/event/s3XN21fkhD83PAgQEKWLQd (https://www.globenewswire.com/Tracker?data=b8W8wvz5XOfp5gjLdLtgqygfQadqBuL7D76R bRnlbiTI2V9oQH-BLaNy301mpxJMoPd9QW4ZjwJAD-jfcjhhiekiMk04yMMiJzMwubLwlKGXq6Ckn- uLLKSzCZkbZ3XL-LD5ZJtv-try5l8RnqzZmS4LmIIgHdxDkgcKisSvxis=). 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 231 000 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: +372 516 0231 E-post: [email protected] (mailto:[email protected])
Title
Coop Pank unaudited financial results for Q1 2026
Message
By the end of Q1 2026, Coop Pank had 231,000 customers, increased by 4,000 customers in the quarter (+1,9%) and by 18,500 in the year (+9%). The bank had 110,000 active customers, increasing by 1,800 (+1,6%) in the quarter and by 8,000 (+8%) in the year. In Q1 2026, volume of deposits in Coop Pank increased by 73 million euros (+4%), reaching total of 2.12 billion euros. Deposits from private clients increased by 17.5 million euros: demand deposits increased by 1.9 million euros and term deposits increased by 15.6 million euros. Deposits from domestic business customers increased by 25.0 million euros: demand deposits increased by 29.9 million euros and term deposits decreased by 4,9 million euros. Deposits raised from platforms increased by 30.2 million euros. Compared to Q1 2025, volume of Coop Pank's deposits has increased by 213 million euros (+11%). In Q1 2026, the bank's financing cost was 2.1%, at the same time last year the financing cost was 2.8%. In Q1 2026, net loan portfolio of Coop Pank increased by 37 million euros (+2%), reaching 2.15 billion euros. Over the quarter, the strongest growth was shown in the business loans portfolio, which increased by 23 million euros (+2%). Home loans increased by 17 million euros (+2%), leasing portfolio decreased by 2 million euros (-1%) and consumer finance portfolio remained at the same level. Compared to Q1 2025, total loan portfolio of Coop Pank has grown by 333 million euros (+18%). In Q1 2026, overdue loan portfolio of Coop Pank was at the level of 1.9%. A year ago, overdue loan portfolio was at the level of 2.1%. Impairment costs of financial assets in Q1 2026 were 0.4 million euros, which is 0.6 million euros less than in previous quarter and 0.15 million euros more than in Q1 2025. Net income of Coop Pank in Q1 2026 was 20.8 million euros, decreasing by 1% in the quarterly comparison and increasing by 8% in the annual comparison. Operating expenses reached 10.9 million euros in Q1, decreasing by 4% in the quarterly comparison and increasing by 15% in the annual comparison. In Q1 2026, net profit of Coop Pank was 8.3 million euros, which is 15% more than in the previous quarter and 5% more than a year ago. In Q1 2026, cost to income ratio of the bank was 53% and return on equity was 13.9%. As of 31 March 2026, Coop Pank has 32.2 thousand shareholders. Arko Kurtmann, Chairman of the Management Board of Coop Pank, comments the results: "It is pleasing to note that we have increased our profit for the fourth consecutive quarter. This confirms that we are moving in the right direction and that our business model remains robust, notwithstanding a volatile economic environment. Interest rates, which had remained stable over the past nine months, have begun to rise once again. Despite this, demand for financing remains strong. Steady demand for home loans reflects a recovery in consumer confidence, while car sales, which had been subdued for over a year, showed an uptick towards the end of the first quarter, accompanied by growing demand for leasing. Corporate investment activity, supported by bank lending, was primarily directed towards manufacturing and residential real estate development. At the beginning of the quarter, the Bank established its strategic objectives through to 2030. Over the next five years, we aim to double net profit, increase our loan portfolio market share to 10%, and deliver a return on equity of at least 15% to our investors. In addition, we have resolved to develop our investment products offering. In early April, Sander Pikkel assumed the role of Head of Investment Services, and under his leadership we will define a more detailed action plan. The appointment of Alvar Pihlapuu, the Bank's Chief Information Officer, to the Management Board underlines the importance we place on strengthening our digital and technological capabilities. The public bond offering conducted in March was oversubscribed by 5.7 times. Such strong demand reflects investor confidence in Coop Bank and belief in the sustainability of our growth. The bond issuance has strengthened our capital base, providing a solid foundation for further expansion of business volumes. An improvement in the Estonian economy is anticipated in the near term, and we are well positioned to support this growth. We have built sufficient capital buffers to finance both corporate and retail clients in the execution of their plans. During the quarter, the Bank's loan volumes increased by EUR37 million, while the quality of the loan portfolio remained strong. In cooperation with the Coop retail network, we also made significant progress in developing our loyalty programme. The enhanced programme offers improved benefits to approximately 758,000 Coop customer card holders, and we launched the Coop Plus credit card, combining everyday retail advantages with flexible financing options. The growth in Coop Bank's business volumes, the high quality of the loan portfolio, and disciplined cost management resulted in a strong net profit of EUR8.3 million for the first quarter. The Bank's cost-to-income ratio stood at 53% and return on equity was 13.9%." Income statement, in th. of euros Q1 2026 Q4 2025 Q1 2025 ----------------------------------------------------------------------------- Net interest income 19 544 19 038 17 930 Net fee and commission income 1 085 1 123 1 155 Net other income 187 797 225 ----------------------------------------------------------------------------- Total net income 20 816 20 958 19 310 ----------------------------------------------------------------------------- Payroll expenses -6 396 -6 438 -5 578 Marketing expenses -446 -675 -358 Rental and office expenses, depr. of tangible assets -885 -823 -807 IT expenses and depr. of intangible assets -1 942 -1 995 -1 613 Other operating expenses -1 295 -1 490 -1 162 ----------------------------------------------------------------------------- Total operating expenses -10 964 -11 422 -9 519 ----------------------------------------------------------------------------- Net profit before impairment losses 9 852 9 537 9 792 Impairment costs on financial assets -376 -1 041 -226 Net profit before income tax 9 477 8 495 9 565 Income tax expenses -1 171 -1 305 -1 652 ----------------------------------------------------------------------------- Net profit for the period 8 305 7 190 7 913 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Earnings per share, eur 0,08 0,07 0,08 Diluted earnings per share, eur 0,08 0,07 0,08 ----------------------------------------------------------------------------- Statement of financial position, in th. of euros 31.03.2026 31.12.2025 31.03.2025 ------------------------------------------------------------------------------- Cash and cash equivalents 450 950 488 717 564 441 Debt securities 96 173 63 023 49 536 Loans to customers 2 151 502 2 114 091 1 818 109 Other assets 34 326 37 163 34 711 ------------------------------------------------------------------------------- Total assets 2 732 951 2 702 994 2 466 796 ------------------------------------------------------------------------------- Customer deposits and loans received 2 154 538 2 124 520 1 914 527 Debt securities issued 246 589 255 203 250 250 Other liabilities 21 407 25 580 19 096 Subordinated debt 68 370 63 148 63 363 ------------------------------------------------------------------------------- Total liabilities 2 490 905 2 468 451 2 247 236 ------------------------------------------------------------------------------- Equity 242 046 234 543 219 561 ------------------------------------------------------------------------------- Total liabilities and equity 2 732 951 2 702 994 2 466 796 ------------------------------------------------------------------------------- The reports of Coop Pank are available at: https://www.cooppank.ee/aruandlus Coop Pank will host a webinar to present its financial results for the first quarter of 2026 on 22 April 2026 at 9:30 a.m. The webinar can be followed at the following link: https://youtube.com/live/mohkdCfj1Ew. During the webinar, participants will have the opportunity to submit questions via the Slido platform: https://app.sli.do/event/s3XN21fkhD83PAgQEKWLQd (https://www.globenewswire.com/Tracker?data=b8W8wvz5XOfp5gjLdLtgqygfQadqBuL7D76R bRnlbiTI2V9oQH-BLaNy301mpxJMoPd9QW4ZjwJAD-jfcjhhiekiMk04yMMiJzMwubLwlKGXq6Ckn- uLLKSzCZkbZ3XL-LD5ZJtv-try5l8RnqzZmS4LmIIgHdxDkgcKisSvxis=). The webinar will be recorded and subsequently made available on Coop Pank's website (http://www.cooppank.ee) and on its 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 231,000 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]