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
Half-yearly financial report
Unique data record identifier
8950
Attachments
Submission date and time
21.07.2021 08:00:00
Content of announcement in Estonian
Title
Coop Pank 2021. aasta II kvartali auditeerimata majandustulemused
Message
2021. aasta II kvartali lõpu seisuga oli Coop Pangal 100 200 klienti, klientide arv kasvas kvartaliga 7 000 kliendi võrra (8%). Arvelduskontot omavate eraklientide arv kasvas kvartaliga 6 500 ja äriklientide arv 500 võrra. Aastaga on panga kliendibaas kasvanud 34% ehk 25 500 kliendi võrra. Coop Panga hoiuste maht kasvas 2021. aasta II kvartalis 43 miljoni euro võrra (+5%), ulatudes 891 miljoni euroni. Kiireimat kasvu näitas äriklientide hoiuste portfell, mille maht kasvas 79 miljoni euro võrra, millest 46 miljonit olid nõudmiseni hoiused ja 33 miljonit tähtajalised hoiused. Eraklientide hoiuste maht kasvas 18 miljoni euro võrra, millest 16 miljonit olid nõudmiseni hoiused ja 2 miljonit tähtajalised hoiused. Rahvusvahelise hoiuste kaasamise platvormi Raisin hoiused ja muu finantseering vähenes 54 miljoni euro võrra. Võrreldes 2020. aasta II kvartaliga on Coop Panga hoiuste maht kasvanud 276 miljoni euro võrra (+45%). Aastases võrdluses on panga nõudmiseni hoiuste osakaal kõigist hoiustest tõusnud 32% pealt 44% peale ja finantseerimiskulu langenud 1% pealt 0,8% peale. 2021. aasta II kvartalis kasvas Coop Panga neto laenuportfell 77 miljoni euro võrra (+11%), ulatudes 773 miljoni euroni. Kiireimat kasvu näitas ärilaenude portfell, mille maht kasvas 36 miljoni euro võrra (+14%). Kodulaenude portfell kasvas 29 miljoni euro võrra (+10%), liisinguportfell kasvas 10 miljoni euro võrra (+11%) ja tarbimisfinantseerimise portfell kasvas 2 miljoni euro võrra (+3%). 2020. aasta II kvartaliga võrreldes on laenuportfell kasvanud 213 miljoni euro võrra ehk 38%. 2021. aasta II kvartalis oli Coop Panga viivises olev laenuportfell 3% tasemel, samal tasemel on viivises olev laenuportfell püsinud alates 2020. aasta IV kvartalist. Aastases võrdluses on viivises oleva laenuportfelli maht langenud 7% tasemelt 3% peale, mis on viimase nelja aasta madalaim tase. Finantsvarade allahindluse kulu oli 2021. aasta II kvartalis 0,8 miljonit eurot, mis on samal tasemel 2021. aasta I kvartaliga, kuid 56% väiksem kui aasta tagasi, mil tehti erakorralisi allahindlusi seoses tervisekriisiga. Coop Panga netotulud olid 2021. aasta II kvartalis 9,3 miljonit eurot, tõustes kvartaalses võrdluses 5% ja aastases võrdluses 25%. Tegevuskulud ulatusid II kvartalis 5,3 miljoni euroni, suurenedes kvartaalses võrdluses 4% ja aastases võrdluses 23%. Coop Pank teenis 2021. aasta II kvartalis 3 miljonit eurot puhaskasumit, mis on 7% suurem kui 2021. aasta I kvartalis ja 123% rohkem kui aasta tagasi. Panga kulude ja tulude suhe oli II kvartalis 57% ja omakapitali tootlus 11,9%. Coop Pangal on 30.06.2021 seisuga 18 462 aktsionäri, kvartaliga on lisandunud 2577 aktsionäri. Coop Panga juhatuse esimehe Margus Rinki kommentaar tulemustele: ?Möödunud kvartali märgilisemaks tulemuseks Coop Pangale oli 100 000 kliendi piiri ületamine. See oli üks viiest strateegilisest eesmärgist, mida lubasime investoritele börsile tulles ning see täitus oodatust oluliselt kiiremini. Viimase aastaga on meie kliendibaas kasvanud enam kui kolmandiku võrra ning üha rohkem on kliente, kes nimetavad Coop Panka oma kodupangaks. Kliendibaasi kasv on toonud kaasa kodumaiste hoiuste mahu olulise suurenemise ning võimaldanud meil vähendada rahvusvaheliselt hoiuste platvormilt kogutud kallimate hoiuste osatähtsust. Finantseerimiskulu langusele aitab kaasa ka nõudmiseni hoiuste osakaalu kasv. Laenuportfelli kasv, mis esimeses kvartalis turu madalseisu tõttu aeglustus, sai taas hoo üles ning näitas teises kvartalis korraliku tulemust. Viimast vedasid eelkõige ärilaenud ning kodulaenud. Kuigi konkurents laenuturul on aastaga kasvanud, näeme et meie positsioneering võimaldab turuosa kasvatada. Head meelt teeb ka see, et kiire kasvu juures püsib meie laenuportfelli kvaliteet jätkuvalt väga kõrgel tasemel. Klientide arvu kasv, finantseerimiskulu langus ning laenuportfelli kasv parandab kuust kuusse meie tulemuslikkust. Teenisime teises kvartalis korraliku kasumi ning jätkus omakapitali tootluse (ROE) kasv. Aktsionäride arvu poolest oli Coop Pank enam kui 18 000 aktsionäriga teise kvartali lõpus Tallina börsil teisel kohal." Kasumiaruanne, tuhandetes eurodes II kv 2021 I kv 2021 II kv 2020 6k 2021 6k 2020 ------------------------------------------------------------------------------- Neto intressitulu 8 325 8 043 6 852 16 368 13 210 Neto teenustasutulu 783 648 477 1 431 998 Muud tulud, neto 233 202 135 435 373 ------------------------------------------------------------------------------- Netotulud kokku 9 341 8 893 7 464 18 234 14 581 ------------------------------------------------------------------------------- Tööjõukulud -3 065 -2 879 -2 603 -5 944 -5 265 Turunduskulud -313 -306 -201 -619 -427 Rendi- ja kontorikulud, materiaalse põhivara kulum -576 -579 -552 -1 155 -1 115 IT kulud ja immateriaalse põhivara kulum -809 -740 -565 -1 549 -1 055 Muud tegevuskulud -573 -619 -434 -1 192 -935 ------------------------------------------------------------------------------- Tegevuskulud kokku -5 336 -5 123 -4 355 -10 459 -8 797 ------------------------------------------------------------------------------- Kasum enne allahindluse kulu 4 005 3 770 3 109 7 775 5 784 Finantsvarade allahindluse kulu -753 -771 -1 721 -1 524 -2 935 Kasum/kahjum enne tulumaksu 3 252 2 999 1 388 6 251 2 849 Tulumaksu kulu -220 -164 -26 -384 -26 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 3 032 2 835 1 362 5 867 2 823 ------------------------------------------------------------------------------- Tava puhaskasum aktsia kohta (eurodes) 0.03 0.03 0.01 0.06 0.03 Lahustatud puhaskasum aktsia kohta (eurodes) 0.03 0.03 0.01 0.06 0.03 Finantsseisundi aruanne, tuhandetes eurodes 30.06.2021 31.03.2021 31.12.2020 30.06.2020 ------------------------------------------------------------------------ Raha ja raha ekvivalendid 221 666 249 416 170 750 133 905 Võlainstrumendid 3 678 3 074 3 011 3 682 Laenud klientidele 772 516 695 721 670 593 559 295 Muud varad 26 513 26 700 25 555 24 948 ------------------------------------------------------------------------ Varad kokku 1 024 373 974 911 869 909 721 830 ------------------------------------------------------------------------ Klientide hoiused ja saadud laenud 891 397 848 755 757 835 615 153 Muud kohustised 11 982 8 626 7 443 7 381 Allutatud laenud 17 064 17 111 7 064 7 064 ------------------------------------------------------------------------ Kohustised kokku 920 443 874 492 772 342 629 598 ------------------------------------------------------------------------ Omakapital 103 930 100 419 97 567 92 232 ------------------------------------------------------------------------ Kohustised ja omakapital kokku 1 024 373 974 911 869 909 721 830 ------------------------------------------------------------------------ Coop Panga aruanded on leitavad aadressilt: https://www.cooppank.ee/aruandlus Coop Pank korraldab 2021. aasta II kvartali majandustulemuste tutvustamiseks veebiseminari 21. juulil 2021 kell 9.00. Osalemiseks palume eelnevalt registreeruda aadressil: https://register.gotowebinar.com/register/3348165054750841360 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 100 200 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 Q2 2021
Message
Coop Pank has 100,200 clients by the end of Q2 2021, the number of clients has increased by 7,000 over the quarter (8%). Number of private clients with current account in the bank increased by 6,500 and number of business clients by 500 over the quarter. Over the year, client base of Coop Pank increased 34%, i.e. by 25,500 clients. In Q2 2021, volume of deposits in Coop Pank increased by 43 million euros (+5%), reaching total of 891 million euros. Deposits from domestic companies showed the fastest growth, increasing by 79 million euros, of which 46 million were demand deposits and 33 million were term deposits. Deposits from private clients grew by 18 million euros, of which 16 million were demand deposits and 2 million were term deposits. Deposits from international deposit platform Raisin and other financing decreased by 54 million euros. Compared to Q2 2020, volume of Coop Pank's deposits has increased by 276 million euros (+45%). In an annual comparison, share of demand deposits to total deposits has increased from 32% to 44% and the bank's financing cost decreased from 1% to 0.8%. In Q2 2021, net loan portfolio of Coop Pank grew by 77 million euros (+11%), reaching 773 million euros. Business loans portfolio showed the fastest growth, increasing the volume by 36 million euros (+14%). Home loans portfolio increased by 29 million euros (+10%), leasing portfolio by 10 million euros (+11%) and consumer finance portfolio increased by 2 million euros (+3%). Compared to Q2 2020, total loan portfolio of Coop Pank has grown by 213 million euros, i.e. 38%. In Q2 2021, overdue loan portfolio of Coop Pank was at the level of 3%, which has remained at the same level since 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 of financial assets in Q2 2021 were 0.8 million euros, which is at same level as in Q1 2021, but 56% lower than a year ago, when extraordinary loan provisions were made due to the health crisis. Net income of Coop Pank in Q2 2021 was 9.3 million euros, having grown 5% over the quarter and 25% over the year. Operating expenses reached 5.3 million euros in Q2, having increased by 4% over the quarter and 23% over the year. In Q2 2021, net profit of Coop Pank was 3 million euros, which is 7% more than in Q1 2021 and 123% more than a year ago. In Q2 2021, cost to income ratio of the bank was 57% and return on equity was 11.9%. As of 30 June 2021, Coop Pank has 18,462 shareholders, 2577 shareholders have been added over the quarter. Margus Rink, Chairman of the Management Board of Coop Pank, comments the results: "The most significant result of the last quarter for Coop Pank was crossing the milestone of 100,000 customers. This was one of the five strategic goals we promised investors when we came to the stock market, and we fulfilled it a lot faster than expected. Over the past year, our customer base has grown more than by one third and there are more and more customers who name Coop Pank as their home bank. The growth of the customer base has led to a significant increase in the volume of domestic deposits and enabled us to reduce the share of more expensive deposits attracted from the international deposit platform. The increase in the share of demand deposits also contributes to the decrease in financing costs. The growth of the loan portfolio, which slowed down in the first quarter due to the market cool down, picked up again and showed a good result in the second quarter of the year. This was mainly driven by business loans and home loans. Although competition in the loan market has increased over the year, we see that our positioning allows us to increase our market share. We are also glad to see that, with rapid growth, the quality of our loan portfolio remains at a very high level. An increase in the number of customers, a decrease in financing costs and an increase in the loan portfolio is improving our performance from month to month. In the second quarter, we earned a decent profit and return on equity (ROE) continued to grow. At the end of the second quarter, Coop Pank was on Tallinn Stock Exchange with more than 18,000 shareholders on the second place." Income statement, in thousands of euros Q2 2021 Q1 2021 Q2 2020 6M 2021 6M 2020 ------------------------------------------------------------------------------- Net interest income 8 325 8 043 6 852 16 368 13 210 Net fee and commission income 783 648 477 1 431 998 Net other income 233 202 135 435 373 ------------------------------------------------------------------------------- Total net income 9 341 8 893 7 464 18 234 14 581 ------------------------------------------------------------------------------- Payroll expenses -3 065 -2 879 -2 603 -5 944 -5 265 Marketing expenses -313 -306 -201 -619 -427 Rental and office expenses, depreciation of tangible assets -576 -579 -552 -1 155 -1 115 IT expenses and depreciation of intangible assets -809 -740 -565 -1 549 -1 055 Other operating expenses -573 -619 -434 -1 192 -935 ------------------------------------------------------------------------------- Total operating expenses -5 336 -5 123 -4 355 -10 459 -8 797 ------------------------------------------------------------------------------- Net profit before impairment losses 4 005 3 770 3 109 7 775 5 784 Impairment costs on financial assets -753 -771 -1 721 -1 524 -2 935 Net profit before income tax 3 252 2 999 1 388 6 251 2 849 Income tax expenses -220 -164 -26 -384 -26 ------------------------------------------------------------------------------- Net profit for the financial year 3 032 2 835 1 362 5 867 2 823 ------------------------------------------------------------------------------- Basic earnings per share (in euros) 0.03 0.03 0.01 0.06 0.03 Diluted earnings per share (in euros) 0.03 0.03 0.01 0.06 0.03 Statement of financial position, in thousands of euros 30.06.2021 31.03.2021 31.12.2020 30.06.2020 ------------------------------------------------------------------------ Cash and cash equivalents 221 666 249 416 170 750 133 905 Debt securities 3 678 3 074 3 011 3 682 Loans to customers 772 516 695 721 670 593 559 295 Other assets 26 513 26 700 25 555 24 948 ------------------------------------------------------------------------ Total assets 1 024 373 974 911 869 909 721 830 ------------------------------------------------------------------------ Customer deposits and loans received 891 397 848 755 757 835 615 153 Other liabilities 11 982 8 626 7 443 7 381 Subordinated debt 17 064 17 111 7 064 7 064 ------------------------------------------------------------------------ Total liabilities 920 443 874 492 772 342 629 598 ------------------------------------------------------------------------ Equity 103 930 100 419 97 567 92 232 ------------------------------------------------------------------------ Total liabilities and equity 1 024 373 974 911 869 909 721 830 ------------------------------------------------------------------------ The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting Coop Pank will organise a webinar on 21 July 2021 at 09:00 AM, to present the financial results of Q2 2021. For participation, please register in advance at: https://register.gotowebinar.com/register/3348165054750841360 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 100,200 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])