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

7763

Submission date and time

11.02.2020 08:00:00

Content of announcement in Estonian

Title

Coop Pank 2020. aasta jaanuari tulemused

Message

Coop Panga 2020 jaanuari majandustulemused:

  * Panga kliendiarv kasvas jaanuaris 1900 kliendi võrra ja ulatus kuu lõpuks
    65 700-ni.
  * Panga neto laenuportfell kasvas samal ajal 15 miljoni euro võrra jõudes 476
    miljoni euroni. Jaanuaris näitasid väga head kasvu kodulaenude ja ärilaenude
    portfell. Samal ajal kasvasid oodatud mahus kõigi teiste äriliinide
    laenuportfellid.
  * Coop Panga hoiuste maht ulatus jaanuari lõpu seisuga 498 miljoni euroni,
    kahanedes kuuga 9 miljoni euro võrra. Klientide nõudmiseni hoiused kasvasid
    ning vähenesid rahvusvaheliste hoiuseplatvormide kaudu kaasatud tähtajalised
    hoiused. See on olnud teadlik samm, kuna möödunud aasta novembris läbi
    viidud aktsiate avaliku pakkumisega lisandus pangale likviidseid vahendeid.
  * Pank teenis jaanuaris 566 tuhat eurot puhaskasumit.

Coop  Panga juhatuse  esimehe Margus  Rinki kommentaar:  ?Start aastale on olnud
hea,  suutsime laenuportfelli  tublisti kasvatada.  Head meelt  teeb, et järjest
suuremad ettevõtted tulevad meie laua taha oma kasvuplaane arutama või ajutiselt
vabadele   vahenditele   madalate   intresside   keskkonnas   tootlust   otsima.
Eraklientide kasvu toetab jätkuvalt möödunud aasta novembrist panga deebetkaardi
klientide  viimine Coopi  kliendiprogrammi kõige  kõrgemale tasemele,  mis annab
neile  panga deebetkaardiga makstes Coopi kauplustes kõige soodsamad hinnad ning
10% rohkem boonuspunkte."

Coop Panga põhjalikumad kvartaliaruanded on leitavad aadressil:
https://www.cooppank.ee/finantsaruanded

Eesti   kapitalil   põhinev   Coop   Pank   on  üks  viiest  Eestis  tegutsevast
universaalpangast.  Pangal  on  65 700  igapäevapanganduse  klienti.  Coop  Pank
kasutab   jaekaubanduse   ja  panganduse  vahel  tekkivat  sünergiat  ning  toob
igapäevased  pangateenused inimeste  kodu lähedale.  Panga enamusaktsionäriks on
kodumaine kaubanduskett Coop Eesti, mille müügivõrgustikku kuulub 340 kauplust.

Lisainfo:
Kerli Lõhmus
Finantsjuht
Telefon: +372 669 0902
E-post: [email protected]

Content of announcement in English

Title

Coop Pank results for January 2020

Message

Coop Pank's financial results in January 2020:

  * The bank's customer base increased by 1,900, reaching 65,700 by the end of
    the month.
  * In the same period, the bank's loan portfolio increased by EUR 15 million,
    having reached EUR 476 million. Business loans and mortgages portfolio
    showed the highest growth, but all other financing business lines
    contributed to the growth as well.
  * The amount of deposits in Coop Pank reached EUR 498 million by the end of
    January, having slightly decreased by EUR 9 million. Demand deposits of
    clients increased, while the term deposits, collected via international
    deposit platforms decreased. This has been a conscious move as the public
    offering of shares last November increased bank's liquidity.
  * The bank earned a net profit of EUR 566 thousand in January.

Commentary  by Margus Rink, Chairman of the  Management Board of Coop Pank: ?The
start  of the  year has  been good,  we managed  to significantly  grow our loan
portfolio.  We particularly  welcome the  fact that  larger and larger companies
come  round our table  to discuss their  growth plans or  to seek yield to their
temporarily  free funds  in a  low-interest economic  environment. Upgrading the
bank's  debit card customers to the highest level of Coop's loyalty programme in
last  November, offering the best prices  and 10% extra bonus points when paying
with bank's debit card at Coop stores, continues to support our private customer
growth."

More detailed quarterly 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 65,700. 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 main shareholder of the bank is
the domestic retail chain Coop Eesti, comprising of 340 stores.

Additional information:
Kerli Lõhmus
CFO
Phone: +372 669 0902
E-mail: [email protected]