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
Management interim statement or quarterly financial report
Unique data record identifier
8729
Attachments
Submission date and time
21.04.2021 08:00:00
Content of announcement in Estonian
Title
Coop Pank 2021. aasta I kvartali auditeerimata majandustulemused
Message
2021. aasta I kvartalis kasvas Coop Panga neto laenuportfell 25 miljoni euro võrra (+4%), ulatudes 696 miljoni euroni. Kiireimat kasvu näitas kodulaenude portfell, mille maht kasvas 17 miljoni euro võrra (+6%). Ärilaenude portfell kasvas 8 miljoni euro võrra (+3%), liisinguportfell 1 miljoni euro võrra (+1%) ja tarbimisfinantseerimise portfell kahanes 0,4 miljoni euro võrra (-1%). 2020. aasta I kvartaliga võrreldes on laenuportfell kasvanud 192 miljoni euro võrra ehk 38%. Coop Panga hoiuste maht kasvas 2021. aasta I kvartalis 91 miljoni euro võrra (+12%), ulatudes 849 miljoni euroni. Nõudmiseni hoiuste maht kasvas 31 miljoni euro võrra (+10%), millest 16 miljonit eurot tuli eraklientidelt ja 15 miljonit eurot äriklientidelt. Tähtajaliste hoiuste maht kasvas I kvartalis 60 miljoni euro võrra (+13%): kodumaisetelt ettevõtetelt kaasati 29 miljonit eurot ja eraklientidelt kaasati 5 miljonit eurot ning rahvusvahelise hoiuste kaasamise platvormi Raisin kaudu kaasati 26 miljonit eurot. Võrreldes 2020. aasta I kvartaliga on Coop Panga hoiuste maht kasvanud 301 miljoni euro võrra (+55%). Aastases võrdluses on panga nõudmiseni hoiuste osakaal tõusnud 30% pealt 39% peale ja finantseerimiskulu langenud 1% pealt 0,8% peale. 2021. aasta I kvartalis oli Coop Panga viivises olev laenuportfell 3% tasemel, mis on samal tasemel kui 2020. aasta IV kvartalis. Aastases võrdluses on viivises oleva laenuportfelli maht langenud 7% tasemelt 3% peale, mis on viimase nelja aasta madalaim tase. Laenude allahindluse kulu oli 2021. aasta I kvartalis 0,8 miljonit eurot, mis on võrreldaval tasemel 2020. aasta IV kvartaliga, kuid 36% väiksem kui aasta tagasi. 2021. aasta I kvartali lõpu seisuga on Coop Pangal 93 200 klienti, klientide arv kasvas kvartaliga 6 500 kliendi võrra (7%). Arvelduskontot omavate eraklientide arv kasvas kvartaliga 5 900 ja äriklientide arv 600 võrra. Aastaga on panga kliendibaas kasvanud 34% ehk 24 000 kliendi võrra. Coop Panga netotulud olid 2021. aasta I kvartalis 8,9 miljonit eurot, tõustes kvartaalses võrdluses 4% ja aastases võrdluses 25%. Tegevuskulud ulatusid I kvartalis 5,1 miljoni euroni, vähenedes kvartaalses võrdluses 3%. Aastases võrdluses on panga kulud kasvanud 15%. Coop Pank teenis 2021. aasta I kvartalis 2,8 miljonit eurot puhaskasumit, mis on 17% enam kui möödunud aasta IV kvartalis ja 94% rohkem kui aasta tagasi. Panga kulude ja tulude suhe oli I kvartalis 58% ja omakapitali tootlus 11,5%. Coop Pangal on 31.03.2021 seisuga 15 875 aktsionäri, kvartaliga on lisandunud 3008 aktsionäri. Coop Panga juhatuse esimehe Margus Rinki kommentaar tulemustele: ?Esimese kvartali tulemustest väärib enim tähelepanu kodumaiste hoiuste kiire kasv. Aasta esimeses kvartalis kasvas Coop Panga hoiuste maht 91 miljonit euro võrra, millest kodumaised hoiused moodustasid enam kui kaks kolmandikku, täpsemalt 65 miljonit eurot. Sellest 44 miljonit tuli äriklientidelt ja 21 miljonit eraklientidelt. Lisaks kasutasime soodsat intressikeskkonda ära ka rahvusvahelisel hoiuste kaasamise platvormil Raisin ja võtsime sealt täiendavalt juurde 25 miljonit eurot arvestusega, et teises kvartalis lõppevad meil samal platvormil kõrgema intressiga tähtajalised hoiused, mida pole plaanis pikendada. Panga ärimahtude kasvuga kaasnevad ka paremad tulemusnäitajad investoritele. Coop Panga puhaskasum oli pea kaks korda kõrgem kui aasta tagasi. Kulu-tulu suhe langes 58%-le, finantseerimiskulu kahanes 0,8%-le ning omakapitali tootlus tõusis 11,5%-le. Edasise kasvustrateegia toetamiseks emiteeris pank märtsis allutatud võlakirju. Tegemist oli esimese seeriaga 20 miljoni euro suurusest Coop Panga allutatud võlakirjade programmist. Esialgne emissiooni maht 8 miljonit eurot märgiti 6,2 korda üle, mis kinnitab investorite usaldust ja usku panga kasvuplaanidesse. Otsustasime mahtu suurendada 10 miljoni euroni ja eelistada võlakirjade jaotusel oma kliente ning aktsionäre, kellele jaotasime võlakirjade kogumahust kaks kolmandikku." Kasumiaruanne, tuhandetes eurodes I kv 2021 IV kv 2020 I kv 2020 ------------------------------------------------------------------------------- Neto intressitulu 8 043 7 808 6 358 Neto teenustasutulu 648 540 521 Muud tulud, neto 202 171 238 ------------------------------------------------------------------------------- Netotulud kokku 8 893 8 519 7 117 ------------------------------------------------------------------------------- Tööjõukulud -2 879 -2 976 -2 662 Turunduskulud -306 -350 -226 Rendi- ja kontorikulud, materiaalse põhivara kulum -579 -539 -563 IT kulud ja immateriaalse põhivara kulum -740 -767 -490 Muud tegevuskulud -619 -640 -501 ------------------------------------------------------------------------------- Tegevuskulud kokku -5 123 -5 272 -4 442 ------------------------------------------------------------------------------- Kasum enne allahindluse kulu 3 770 3 247 2 675 Finantsvarade allahindluse kulu -771 -715 -1 214 Kasum/kahjum enne tulumaksu 2 999 2 532 1 461 Tulumaksu kulu -164 -108 0 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 2 835 2 424 1 461 ------------------------------------------------------------------------------- Tava puhaskasum aktsia kohta (eurodes) 0.03 0.03 0.02 Lahustatud puhaskasum aktsia kohta (eurodes) 0.03 0.03 0.02 Finantsseisundi aruanne, tuhandetes eurodes 31.03.2021 31.12.2020 31.03.2020 ------------------------------------------------------------------------------- Raha ja raha ekvivalendid 249 416 170 750 119 480 Võlainstrumendid 3 074 3 011 3 737 Laenud klientidele 695 721 670 593 504 119 Muud varad 26 700 25 555 25 341 ------------------------------------------------------------------------------- Varad kokku 974 911 869 909 652 677 ------------------------------------------------------------------------------- Klientide hoiused ja saadud laenud 848 755 757 835 547 398 Muud kohustised 8 626 7 443 7 696 Allutatud laenud 17 111 7 064 7 111 ------------------------------------------------------------------------------- Kohustised kokku 874 492 772 342 562 205 ------------------------------------------------------------------------------- Omakapital 100 419 97 567 90 472 ------------------------------------------------------------------------------- Kohustised ja omakapital kokku 974 911 869 909 652 677 ------------------------------------------------------------------------------- Coop Panga aruanded on leitavad aadressilt: https://www.cooppank.ee/aruandlus Coop Pank korraldab 2021. aasta I kvartali majandustulemuste tutvustamiseks veebiseminari 21. aprillil 2021 kell 9.00. Osalemiseks palume eelnevalt registreeruda aadressil: https://attendee.gotowebinar.com/register/8859051472217070093 Veebiseminar salvestatakse ning avalikustatakse nii ettevõtte kodulehel www.cooppank.ee (https://www.globenewswire.com/Tracker?data=ysaYE2aduEcKrKAVh7DYM6LiE28UTJqD7xkd SPeY2t-8glSNNf3zmGgGz59--m-ZGdW8mZfR_aEVv-L5dz38qQ==) kui ka Nasdaq Balti youtube.com kontol. Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast universaalpangast. Pangal on 93 200 igapäevapanganduse klienti. Coop Pank kasutab jaekaubanduse ja panganduse vahel tekkivat sünergiat ning toob igapäevased pangateenused inimeste kodu lähedale. Panga strateegiliseks aktsionäriks on kodumaine kaubanduskett Coop Eesti, mille müügivõrgustikku kuulub 330 kauplust. Lisainfo: Kerli Lõhmus Finantsjuht Telefon: +372 669 0902 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Coop Pank unaudited financial results for Q1 2021
Message
In Q1 2021, net loan portfolio of Coop Pank grew by 25 million euros (+4%), reaching 696 million euros. Home loans portfolio showed the fastest growth, increasing the volume by 17 million euros (+6%). Business loans portfolio increased by 8 million euros (+3%), leasing portfolio by 1 million euros (+1%) and consumer finance portfolio decreased by 0.4 million euros (-1%). Compared to Q1 2020, total loan portfolio of Coop Pank has grown by 192 million euros, i.e. 38%. In Q1 2021, volume of deposits in Coop Pank increased by 91 million euros (+12%), reaching total of 849 million euros. Volume of demand deposits grew by 31 million euros (+10%), of which 16 million euros came from private individuals and 15 million euros came from business clients. Term deposits grew by 60 million euros (+13%): 29 million euros came from domestic companies and 5 million euros came from private clients and 26 million euros came via the international deposit-taking platform Raisin. Compared to Q1 2020, volume of Coop Pank's deposits has increased by 301 million euros (+55%). In an annual comparison, share of demand deposits has increased from 30% to 39% and the bank's financing cost decreased from 1% to 0.8%. In Q1 2021, overdue loan portfolio of Coop Pank was at the level of 3%, which is at the same level as in Q4 2020. In an annual comparison, overdue loan portfolio decreased from the level of 7% to 3%, which is the lowest level in last four years. Impairment costs in Q1 2021 were 0.8 million euros, which is at comparable level as in Q4 2020, but 36% lower than a year ago. Coop Pank has 93,200 clients by the end of Q1 2021, the number of clients has increased by 6,500 over the quarter (7%). Number of private clients with current account in the bank increased by 5,900 and number of business clients by 600 over the quarter. Over the year, client base of Coop Pank increased 34%, i.e. by 24,000 clients. Net income of Coop Pank in Q1 2021 was EUR 8.9 million, having grown 4% QoQ and 25% YoY. Operating expenses reached 5.1 million euros in the first quarter, having decreased by 3% QoQ. In annual comparison, the bank's expenses have increased by 15%. In Q1 2021, net profit of the bank was 2.8 million euros, which is 17% more than in Q4 2020 and 94% more than a year ago. In Q1 2021, cost / income ratio of the bank was 58% and return on equity was 11.5%. As of 31 March 2021, Coop Pank has 15,875 shareholders, 3008 shareholders have been added over the quarter. Margus Rink, Chairman of the Management Board of Coop Pank, comments the results: "Of the first quarter results, the rapid growth of domestic deposits deserves the most attention. In the first quarter of the year, volume of Coop Pank's deposits increased by 91 million euros, of which domestic deposits accounted for more than two thirds, more precisely 65 million euros. Of this, 44 million came from business customers and 21 million from private customers. In addition, we took advantage of the favorable interest rate environment on the international deposit-raising platform Raisin and raised an additional EUR 25 million, reckon with that in the second quarter higher-term term deposits will end on the same platform and we are not planning to extend them. Growth of the bank's business volumes is also accompanied by better performance indicators for investors. Coop Pank's net profit was almost twice as high as a year ago. Cost / income ratio decreased to 58%, cost of financing decreased to 0.8% and return on equity increased to 11.5%. To support further growth strategy, the bank issued subordinated bonds in March. This was the first series in 20 million euros subordinated bonds programme of Coop Pank. Initial issue volume of 8 million euros was oversubscribed 6.2 times, which confirms investors' trust and confidence in the bank's growth plans. We decided to increase the volume to 10 million euros and to give preference to our customers and shareholders in the distribution of the bonds, to whom we distributed two thirds of the total volume of the bonds." Income statement, in thousands of euros Q1 2021 Q4 2020 Q1 2020 ------------------------------------------------------------------------------- Net interest income 8 043 7 808 6 358 Net fee and commission income 648 540 521 Net other income 202 171 238 ------------------------------------------------------------------------------- Total net income 8 893 8 519 7 117 ------------------------------------------------------------------------------- Payroll expenses -2 879 -2 976 -2 662 Marketing expenses -306 -350 -226 Rental and office expenses, depreciation of tangible assets -579 -539 -563 IT expenses and depreciation of intangible assets -740 -767 -490 Other operating expenses -619 -640 -501 ------------------------------------------------------------------------------- Total operating expenses -5 123 -5 272 -4 442 ------------------------------------------------------------------------------- Net profit before impairment losses 3 770 3 247 2 675 Impairment costs on financial assets -771 -715 -1 214 Net profit before income tax 2 999 2 532 1 461 Income tax expenses -164 -108 0 ------------------------------------------------------------------------------- Net profit for the financial year 2 835 2 424 1 461 ------------------------------------------------------------------------------- Basic earnings per share (in euros) 0.03 0.03 0.02 Diluted earnings per share (in euros) 0.03 0.03 0.02 Statement of financial position, in thousands of euros 31.03.2021 31.12.2020 31.03.2020 ------------------------------------------------------------------------------- Cash and cash equivalents 249 416 170 750 119 480 Debt securities 3 074 3 011 3 737 Loans to customers 695 721 670 593 504 119 Other assets 26 700 25 555 25 341 ------------------------------------------------------------------------------- Total assets 974 911 869 909 652 677 ------------------------------------------------------------------------------- Customer deposits and loans received 848 755 757 835 547 398 Other liabilities 8 626 7 443 7 696 Subordinated debt 17 111 7 064 7 111 ------------------------------------------------------------------------------- Total liabilities 874 492 772 342 562 205 ------------------------------------------------------------------------------- Equity 100 419 97 567 90 472 ------------------------------------------------------------------------------- Total liabilities and equity 974 911 869 909 652 677 ------------------------------------------------------------------------------- The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting Coop Pank will organise a webinar on 21 April 2021 at 09:00 AM, to present the financial results of Q1 2021. For participation, please register in advance at: https://attendee.gotowebinar.com/register/8859051472217070093 The webinar will be recorded and published on the company's website www.cooppank.ee (http://www.cooppank.ee) as well as on the Nasdaq Baltic youtube.com channel. Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 93,200 daily banking clients. 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] (mailto:[email protected])