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
8007
Attachments
Submission date and time
11.05.2020 08:00:00
Content of announcement in Estonian
Title
AS-i Coop Pank 2020. aasta aprilli tulemused
Message
Coop Panga 2020 aprilli majandustulemused:
* Panga klientide arv kasvas aprillis 1700 võrra ja ulatus kuu lõpuks 71 100-
ni. Kliendibaas kasvas aastaga 45%
* Panga neto laenuportfell jõudis 517 miljoni euroni, kasvades kuuga 13
miljoni euro võrra. Võrreldes eelmise aasta aprilliga on panga laenuportfell
kasvanud 44%
* Coop Panga hoiuste maht kasvas kuuga 5 miljoni euro võrra ning ulatus
aprilli lõpu seisuga 553 miljoni euroni. Nõudmiseni hoiused kasvasid
aprillis 10 miljoni euro võrra ja tähtajalised hoiused vähenesid 5 miljoni
euro võrra. Aastaga kasvas hoiuste maht 43%
* Laenude allahindluse kulu oli aprillis 0,78 miljonit eurot, millest 0,4
miljonit eurot moodustas erakorraline, koroonaviiruse mõjudest tingitud
allahindlus
* Pank teenis aprillis 289 000 eurot puhaskasumit
Coop Panga juhatuse esimehe Margus Rinki kommentaar: "Koroonaviiruse leviku
tõkestamiseks kehtestatud piirangutest tingitud ettevõtete ja eraisikute
finantsseisundi halvenemine hakkab avaldama pangandussektorile mõju aasta teises
pooles. Sellest tulenevalt olid meie aprilli tulemused veel igati tugevad,
suutsime hoida kasvutempot ning suurendada nii laenuportfelli kui ka hoiuste
mahtu aasta varasemaga võrreldes üle 40%. Meie netotulud on aasta nelja esimese
kuuga kasvanud eelmise aastaga võrreldes 36% ja kulud 18% ehk tulude kasvutempo
ületab selgelt kulude oma. Coop Pank on tugevalt kapitaliseeritud ja seetõttu
jätkame ka täna uute projektide finantseerimist nii era- kui äriklientidele.
Laenuportfelli kvaliteedi hindamisel oleme võtnud konservatiivse suuna ja
seetõttu oleme viimasel kahel kuul, lähtudes koroonaviiruse mõjust majandusele,
teinud täiendavalt allahindlusi laenuportfellile 0,8 miljoni euro ulatuses."
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 71 100 igapäevapanganduse klienti. Coop Pank
kasutab jaekaubanduse ja panganduse vahel tekkivat sünergiat ning toob
igapäevased pangateenused inimeste kodu lähedale. Panga strateegiliseks
omanikuks 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
AS Coop Pank results for April 2020
Message
Coop Pank's financial results in April 2020:
* The number of bank's customers increased by 1,700 in April and reached
71,100 by the end of the month. Customer base grew by 45% during the year.
* In April, the bank's loan portfolio increased by EUR 13 million, having
reached EUR 517 million. Compared to April of the previous year, the bank's
loan portfolio has grown by 44%
* The volume of Coop Pank's deposits increased by 5 million euros during the
month and reached 553 million euros at the end of April. Demand deposits
increased by 10 million euros in April and term deposits decreased by 5
million euros. The total volume of deposits increased by 43% during the
year.
* The loan impairment charge was 0.78 million euros in April, of which 0.4
million euros was an extraordinary provision due to coronavirus effect to
economy
* The bank earned a net profit of EUR 289 thousand in April
Comment by Margus Rink, Chairman of the Management Board of Coop Pank: ?The
deterioration of the financial position of companies and individuals due to the
restrictions imposed to prevent the spread of the coronavirus will start to
affect the banking sector in the second half of the year. As a result, our April
results were still very strong, we were able to maintain the growth rate and
increase the volume of both the loan portfolio and deposits by more than 40%
compared to the previous year. In the first four months of the year, our net
income has increased by 36% and expenses by 18%, i.e. the growth rate of income
clearly exceeds that of expenses. Coop Pank is strongly capitalized, which is
why we continue to finance new projects for both private and business customers.
We have taken a conservative approach in assessing the quality of the loan
portfolio, and therefore in the last two months, based on the impact of the
coronavirus on the economy, we have made additional provisions on the loan
portfolio in the amount of 0.8 million euros."
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 71,100. 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 340 stores.
Additional information:
Kerli Lõhmus
CFO
Phone: +372 669 0902
E-mail: [email protected]