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
8081
Attachments
Submission date and time
11.06.2020 08:00:00
Content of announcement in Estonian
Title
Coop Pank AS 2020. aasta mai tulemused
Message
Coop Panga 2020 mai majandustulemused:
* Panga klientide arv kasvas mais 1800 võrra ja ulatus kuu lõpuks 72 800-ni.
Kliendibaas kasvas aastaga 44%
* Panga neto laenuportfell kasvas kuuga 22 miljoni euro võrra ja jõudis mai
lõpu seisuga 539 miljoni euroni. Aastaga on panga laenuportfell kasvanud 46%
* Panga klientide hoiuste maht ulatus mai lõpu seisuga 579 miljoni euroni,
kasvas kuuga 26 miljoni euro võrra. Aastaga on panga hoiuste maht kasvanud
47%
* Laenude allahindluse kulu oli mais 0,68 miljonit eurot
* Pank teenis mais 422 tuhat eurot puhaskasumit
Coop Panga juhatuse esimehe Margus Rinki kommentaar: ?Coop Pank tegi maikuus
tugeva kasvu nii klientide arvus kui ka laenuportfelli ja kaasatud hoiuste
mahus. Oleme laenude väljastamisel konservatiivsemad kui aasta esimestel kuudel,
kuid suudame kohaliku pangana kiirelt ja paindlikumalt tegutsedes ka tänases
turuolukorras kiiret kasvu jätkata - aprilli ja maikuu tulemused kinnitavad
seda. Positiivse arenguna suutsime veelgi parandada ka tegevusefektiivsust:
esimese viie kuuga kasvasid Coop Panga tulud võrreldes eelmise aastaga 36% ja
kulud samal ajal 16%. Kriisist tulenevate võimalike laenukahjumite katteks
tegime mais täiendavaid allahindlusi 0,3 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 72 800 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
330 kauplust.
Lisainfo:
Kerli Lõhmus
Finantsjuht
Telefon: +372 669 0902
E-post: [email protected]
Content of announcement in English
Title
Coop Pank AS results for May 2020
Message
Coop Pank's financial results in May 2020:
* In May, the number of the bank's customers increased by 1,800 and reached
72,800 by the end of the month. Customer base has grown 44% over the year.
* The bank's net loan portfolio increased by 22 million euros over the month
and reached 539 million euros at the end of May. The loan portfolio has
grown by 46% over the year.
* The volume of the bank's deposits amounted to 579 million euros at the end
of May, having increased by 26 million euros during the month. Over the
year, the volume of bank deposits has grown by 47%.
* The loan impairment charge in May was 0.68 million euros.
* In May, the bank earned a net profit of 422 thousand euros.
Comment by Margus Rink, Chairman of the Management Board of Coop Pank: "In May,
Coop Pank showed strong growth in the number of customers as well as in the
volume of the loan portfolio and deposits taken. We are more conservative in
issuing loans than in the first months of the year, however, by acting quickly
and more flexibly as a local bank, we can continue the rapid growth in today's
market situation - the results of April and May confirm this. As a positive
development, we were also able to further improve operational efficiency: in the
first five months, Coop Pank's revenues increased by 36% and expenses by 16%
compared to the previous year. In May, we have made additional provisions of EUR
0.3 million for covering possible crisis-induced loan losses."
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 72,800. 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 330 stores.
Additional information:
Kerli Lõhmus
CFO
Phone: +372 669 0902
E-mail: [email protected]