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
Annual financial report
Unique data record identifier
8656
Attachments
Submission date and time
17.03.2021 14:00:00
Content of announcement in Estonian
Title
Coop Pank 2020. aasta auditeeritud majandusaasta aruanne
Message
Coop Pank juhatus on koostanud 2020. aasta majandusaasta auditeeritud aruande.
Võrreldes 11. veebruaril 2021 avaldatud auditeerimata majandustulemustega ei ole
auditeeritud aruandes finantstulemuste osas erinevusi.
Coop Pank AS konsolideeritud aastaaruanne 2020 on lisatud sellele teatele ja
tehakse kättesaadavaks panga kodulehel aadressil:
https://www.cooppank.ee/finantsaruanded
Aastaaruanne esitatakse kinnitamiseks aktsionäride üldkoosolekule.
Coop Pank kasvatas 2020. aastal neljandat tegutsemisaastat järjest ärimahtusid
40%.
* Panga klientide arv ulatus 2020. aasta lõpu seisuga 86 700 kliendini,
kasvades aastaga 23 000 võrra ehk 36%.
* Coop Panga laenuportfell kasvas 2020. aastal 671 miljoni euroni, kasvades
aastaga 210 miljoni euro võrra ehk 46%. Laenuportfelli kvaliteet püsis
vaatamata koroonakriisile stabiilne ja maksepuhkust kasutanud klientide
maksevõime on taastunud. Võimalike laenukahjumite katteks moodustati 2020.
aastal 4,8 miljonit eurot provisjone.
* 2020. aasta lõpu seisuga ulatus Coop Panga hoiuste maht 758 miljoni euroni,
kasvades aastaga 251 miljoni euro võrra ehk 50%.
* Coop Panga kasum ulatus 2020. aastal 7,3 miljoni euroni, kasvades aastaga
31%.
* Panga omakapitali tootlus oli 7,8% ja kulude-tulude suhe langes 69% pealt
60% tasemele.
Coop Panga juhatuse esimehe Margus Rinki lühikommentaar tulemustele:
?Coop Pank on tänaseks Eesti pangandusturul tegutsenud neli aastat. Kõik need
aastad oleme juurutanud kasvustrateegiat ja suurendanud ärimahte keskmiselt 40%
aastas. Tunnetame, et meie jalajälg Eesti majandusruumis üha suureneb. 2021.
aastal jätkame meile seni edu toonud strateegiaga. Me tahame kasvada, me oleme
proaktiivsed, me otsime kliendile lahendusi, mis sobivad tema elu ja/või äriga.
Oleme omanikele lubanud, et 2022. aasta lõpuks on Coop Pangal vähemalt 100 000
klienti, meie laenuportfell on vähemalt 1 miljard eurot, meie finantseerimiskulu
alaneb 0,7%-le, kulu-tulu suhe langeb 50%-le ja omakapitali tootlus tõuseb 15%-
le. Meie meeskond teeb kõik endast oleneva, et antud lubadust täita."
Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast
universaalpangast. Pangal on 90 900 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 330 kauplust.
Lisainfo:
Kerli Lõhmus
Finantsjuht
Telefon: +372 669 0902
E-post: [email protected]
Content of announcement in English
Title
Coop Pank 2020 audited Annual Report
Message
Management Board of Coop Pank has compiled 2020 audited Annual Report. There are
no differences in the audited accounts as regards the financial results,
compared to the unaudited financial results published on 11 February.
The consolidated annual report 2020 of Coop Pank AS has been enclosed to the
announcement and will be made available on the banks homepage
https://www.cooppank.ee/en/financial-reports
Annual report will be presented for approval to general meeting of shareholders.
In 2020, Coop Pank increased its business volumes by 40% for the fourth
consecutive year.
* Number of the bank's customers at the end of 2020 was 86,700 - an increase
of 23,000 customers, i.e. 36% over the year.
* Loan portfolio of Coop Pank increased to 671 million euros in 2020 - an
increase of 210 million euros, i.e. 46%, over the year. Quality of the loan
portfolio remained stable irrespective of the corona crisis and the solvency
of customers who used the grace period, has recovered. Provisions of 4.8
million euros were formed in 2020 as cover for potential loan losses.
* Deposits of Coop Pank amounted to 758 million euros as at the end of 2020 -
an increase of 251 million euros, i.e. 50%, over the year.
* Profit earned by Coop Pank in 2020 amounted to 7.3 million euros, an
increase of 31% over the year.
* Return on equity of the bank was 7.8% and the cost-income ratio decreased
from 69% to 60%.
Comment of the CEO of Coop Pank Margus Rink:
"Coop Pank has been operating in the Estonian banking market for four years. We
have been implementing a growth strategy in these years and increased our
business volumes by 40% a year on average. We feel that our footprint in
Estonian economy is growing. In 2021, we will continue with the strategy that
has brought us success so far. We want to grow, we are proactive and we are
looking for solutions that fit into our customers lives and/or businesses. We
have promised our owners that by the end of 2022, Coop Pank will have at least
100,000 customers, our loan portfolio will be at least 1 billion euros, our
financing costs will decrease to 0.7%, our cost-income ratio will drop to 50%
and return on equity will increase to 15%. Our team does everything in its power
to keep this promise."
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 90,900. 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]