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

8212

Submission date and time

11.08.2020 08:00:00

Content of announcement in Estonian

Title

Coop Pank AS 2020. aasta juuli tulemused

Message

Coop Panga 2020 juuli majandustulemused:

  * Panga klientide arv kasvas juulis 1700 võrra ja ulatus kuu lõpuks 76 200-ni.
    Kliendibaas on aastaga kasvanud 43%
  * Panga neto laenuportfell kasvas kuuga 13 miljoni euro võrra ja jõudis juuli
    lõpu seisuga 572 miljoni euroni. Aastaga on panga laenuportfell kasvanud 44%
  * Panga klientide hoiuste maht ulatus juuli lõpu seisuga 651 miljoni euroni,
    kasvas kuuga 36 miljoni euro võrra. Aastaga on panga hoiuste maht kasvanud
    51%
  * Laenude allahindluse kulu oli juulis 0,4 miljonit eurot
  * Pank teenis juulis 678 tuhat eurot puhaskasumit

Coop  Panga  juhatuse  esimehe  Margus  Rinki  kommentaar:  ?Kõige  aktiivsemast
puhkuste  perioodist hoolimata jätkasime kiiret kasvu ja panga kõige olulisemate
võtmenäitajate   aastane   kasvutempo   ületab   jätkuvalt   40%. Juulis  kasvas
märkimisväärselt  meie hoiuste maht, nõudmiseni hoiused kasvasid 15 miljoni ning
tähtajalised  hoiused  21 miljoni  euro  võrra.  Finantseerimisega  tegelevatest
äriliinidest  saab  esile  tuua  eraklientide  kinnisvara  finantseerimist, kus
mitmendat kuud järjest hindame oma kodulaenude uusmüügi turuosaks 8%. Coop Panga
liisingu   poolt   juuni   alguses   20 uue   Shkoda  pakkumisega  turule  toodud
autokaubamaja on edukalt käivitunud, tänaseks on müüdud 15 autot ning samal ajal
on   märkimisväärselt   kasvanud  teiste,  nii  uute  kui  ka  kasutatud  autode
finantseerimiste maht."

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  76 200 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 July 2020

Message

Coop Pank financial results in July 2020:

  * In July, the number of the bank's customers increased by 1,700 and reached
    76,200 by the end of the month. Customer base has grown by 43% over the
    year.
  * The bank's net loan portfolio increased by 13 million euros over the month
    and reached 572 million euros at the end of July. The loan portfolio has
    grown by 44% over the year.
  * The volume of the bank's deposits amounted to 651 million euros at the end
    of July, having increased by 36 million euros during the month. Over the
    year, the volume of bank deposits has grown by 51%.
  * The loan impairment charge in July was 0.4 million euros.
  * In July, the bank earned a net profit of 678 thousand euros.


Comment by Margus Rink, Chairman of the Management Board of Coop Pank: "Despite
the busiest vacations season, we continued rapid growth and the annual growth
rate of the bank's most important key indicators continues to exceed 40%. In
July, the volume of our deposits increased significantly, demand deposits
increased by 15 million euros and term deposits by 21 million euros. From
financing business lines, we can highlight the financing of real estate for
private customers, where we estimate our market share of new sales of home loans
to be 8% for several months in a row. At the beginning of June, Coop Pank
Leasing launched car e-shop with a Shkoda offer and by end of July 15 cars out of
20 have been sold. At the same time the volume of financing for other cars, both
new and used, has grown significantly as well."

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 76,200. 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]