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
9046
Submission date and time
01.09.2021 12:30:00
Content of announcement in Estonian
Title
Reitinguagentuur Moody’s kinnitas Coop Pangale investeerimisjärgu reitingu tasemel Baa2
Message
Moody's Investors Service uuendas AS-ile Coop Pank antud reitinguhinnangut. Pangale kinnitati investeerimisjärgu tasemel krediidireiting koos stabiilse väljavaatega, mis on samal tasemel kui aasta tagasi antud esmakordne reiting. Coop Panga juhatuse esimehe Margus Rinki sõnul kinnitab krediidireitingu uuendamine, et pank on suutnud kiire laenuportfelli kasvu juures hoida samal ajal selle kvaliteeti kõrgel tasemel ning näidanud seejuures head kasumlikkust. ?Usun, et reitingu uuendamine annab eelkõige äriklientidele, Eesti riigile ja kohalikele omavalitsustele täiendava kindlustunde tulla Coop Panga kliendiks ning hoida oma raha kodumaises finantsasutuses," sõnas Rink. Moody's Investors Service'i poolt AS-ile Coop Pank kinnitatud reitingud: * Pika- ja lühiajaline vastaspoole riskihinnang Baa1(cr)/Prime-2(cr) * Pika- ja lühiajaline vastaspoole riski reiting Baa1/Prime-2 * Välis- ja kohalikus valuutas pikaajaliste pangahoiuste reiting Baa2 * Välis- ja kohalikus valuutas lühiajaliste pangahoiuste reiting Prime-2 * Kohandatud baaskrediidihinnang ba1 * Baaskrediidihinnang (BCA) ba1 Väljavaade pikaajaliste pangahoiuste reitingutele on stabiilne. Teade Moodys'e poolt koostatud aruande kohta on leitav https://www.moodys.com/ Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast universaalpangast. Pangal on 102 300 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
The rating agency Moody’s affirmed Coop Pank a credit rating of Baa2
Message
Moody's Investors Service renewed the credit rating of AS Coop Pank. Investment grade credit rating with a stable outlook was affirmed at the same level as year ago. According to Margus Rink, Chairman of the Management Board of Coop Pank, the renewal of the credit rating confirms that with the rapid growth of the loan portfolio, the bank has been able to maintain its quality at a high level while showing good profitability. "I believe that the upgrade will give especially for corporate customers, the Estonian state and local governments additional confidence to become a customer of Coop Pank and keep their finances in a domestic financial institution," said Rink. Ratings confirmed by Moody's Investors Service for AS Coop Pank: * Long- and short-term counterparty risk assessment of Baa1(cr)/Prime-2(cr) * Long- and short-term counterparty risk rating of Baa1/Prime-2 * Foreign- and local currency long-term bank deposit rating Baa2 * Foreign- and local currency short-term bank deposit rating Prime-2 * Adjusted baseline credit assessment ba1 * Baseline credit assessment (BCA) ba1 The long-term deposit ratings carry a stable outlook. The announcement on the report prepared by Moody's can be found at https://www.moodys.com/ 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 102 300. 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]