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
9111
Attachments
Submission date and time
20.10.2021 08:00:00
Content of announcement in Estonian
Title
Coop Pank 2021. aasta III kvartali auditeerimata majandustulemused
Message
2021. aasta III kvartali lõpu seisuga oli Coop Pangal 108 000 klienti, klientide arv kasvas kvartaliga 7300 kliendi võrra (+7%). Kvartaliga kasvas arvelduskontot omavate eraklientide arv 6700 ja äriklientide arv 600 võrra. Aastaga on panga kliendibaas kasvanud 35% ehk 28 000 kliendi võrra. Coop Panga hoiuste maht kasvas 2021. aasta III kvartalis 95 miljoni euro võrra (+11%), ulatudes 987 miljoni euroni. Kiireimat kasvu näitas äriklientide hoiuste portfell, mille maht kasvas 77 miljoni võrra, millest 42 miljonit olid nõudmiseni hoiused ja 35 miljonit tähtajalised hoiused. Eraklientide hoiuste maht kasvas 25 miljoni euro võrra, millest 22 miljonit olid nõudmiseni hoiused ja 3 miljonit tähtajalised hoiused. Rahvusvahelise hoiuste kaasamise platvormi Raisin hoiused ja muu finantseering vähenes 7 miljoni euro võrra. Võrreldes 2020. aasta III kvartaliga on Coop Panga hoiuste maht kasvanud 299 miljoni euro võrra (+43%). Aastases võrdluses on panga nõudmiseni hoiuste osakaal kõigist hoiustest tõusnud 34% pealt 44% peale. 2021. III kvartalis oli finantseerimiskulu 0,7%, eelmisel aastal samal ajal 0,9%. 2021. aasta III kvartalis kasvas Coop Panga neto laenuportfell 82 miljoni euro võrra (+11%), ulatudes 854 miljoni euroni. Kiireimat kasvu näitas ärilaenude portfell, mille maht kasvas 57 miljoni euro võrra (+19%). Kodulaenude portfell kasvas 28 miljoni euro võrra (+9%), liisinguportfell kasvas 2 miljoni euro võrra (+3%) ja tarbimisfinantseerimise portfell kahanes 5 miljoni euro võrra (- 7%). 2020. aasta III kvartaliga võrreldes on laenuportfell kasvanud 255 miljoni euro võrra ehk 43%. 2021. aasta III kvartalis oli Coop Panga viivises olev laenuportfell 2% tasemel. Aastases võrdluses on viivises oleva laenuportfelli maht langenud 5% tasemelt 2% tasemele, mis on viimase nelja aasta madalaim tase. Finantsvarade allahindluse kulu oli 2021. aasta III kvartalis 0,01 miljonit eurot. Coop Panga netotulud olid 2021. aasta III kvartalis 10,3 miljonit eurot, tõustes kvartaalses võrdluses 11% ja aastases võrdluses 29%. Tegevuskulud ulatusid III kvartalis 5,8 miljoni euroni, suurenedes kvartaalses võrdluses 8% ja aastases võrdluses 22%. Coop Pank teenis 2021. aasta III kvartalis 4,3 miljonit eurot puhaskasumit, mis on 42% suurem kui 2021. aasta II kvartalis ja 114% rohkem kui aasta tagasi. Panga kulude ja tulude suhe oli III kvartalis 56% ja omakapitali tootlus 16,2%. Coop Pangal on 30.09.2021 seisuga 24 575 aktsionäri, kvartaliga on lisandunud 6 113 aktsionäri. Coop Panga juhatuse esimehe Margus Rinki kommentaar tulemustele: ?Kui käesoleva aasta esimeses kvartalis, turu madalseisus, näitas meie laenuportfell tagasihoidlikku kasvu, siis sellele järgnes korralik kasv teises kvartalis ning veelgi tugevamad kasvunumbrid nüüd, kolmandas kvartalis. Analoogne dünaamika on toimunud ka uute klientide juurdekasvus ja nende poolt tehtud tehingutes. Kasvav kliendibaas on omakorda toonud kaasa kodumaiste hoiuste suurenemise ning võimaldanud vähendada kulukama välisfinantseerimise osatähtsust. Kasvav laenuportfell, klientide arv ja nende poolt tehtavate tehingute maht, odavam ressursihind ning laenuportfelli kõrge kvaliteet päädis Coop Panga aegade parima kvartalikasumiga (4,3 miljonit eurot) ning tulemusnäitajatega (ROE 16,2%; CIR 56%)". Kasumiaruanne, tuhandetes eurodes III kv 2021 II kv 2021 III kv 2020 9k 2021 9k 2020 ------------------------------------------------------------------------------- Neto intressitulu 9 345 8 325 7 353 25 714 20 563 Neto teenustasutulu 752 783 558 2 183 1 557 Muud tulud, neto 230 233 77 665 450 ------------------------------------------------------------------------------- Netotulud kokku 10 327 9 341 7 988 28 562 22 570 ------------------------------------------------------------------------------- Tööjõukulud -3 364 -3 065 -2 844 -9 308 -8 109 Turunduskulud -296 -313 -168 -915 -595 Rendi- ja kontorikulud, materiaalse põhivara kulum -667 -576 -557 -1 822 -1 672 IT kulud ja immateriaalse põhivara kulum -893 -809 -632 -2 442 -1 687 Muud tegevuskulud -568 -573 -525 -1 761 -1 461 ------------------------------------------------------------------------------- Tegevuskulud kokku -5 788 -5 336 -4 726 -16 248 -13 524 ------------------------------------------------------------------------------- Kasum enne allahindluse kulu 4 539 4 005 3 262 12 314 9 046 Finantsvarade allahindluse kulu -10 -753 -1 139 -1 534 -4 074 Kasum/kahjum enne tulumaksu 4 529 3 252 2 123 10 780 4 972 Tulumaksu kulu -227 -220 -111 -612 -137 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 4 302 3 032 2 012 10 168 4 835 ------------------------------------------------------------------------------- Tava puhaskasum aktsia kohta (eurodes) 0,05 0,03 0,02 0,11 0,05 Lahustatud puhaskasum aktsia kohta (eurodes) 0,05 0,03 0,02 0,11 0,05 Finantsseisundi aruanne, tuhandetes eurodes 30.09.2021 30.06.2021 31.12.2020 30.09.2020 ------------------------------------------------------------------------ Raha ja raha ekvivalendid 239 735 221 666 170 750 168 984 Võlainstrumendid 3 573 3 678 3 011 3 084 Laenud klientidele 854 234 772 516 670 593 599 213 Muud varad 32 965 26 513 25 555 26 179 ------------------------------------------------------------------------ Varad kokku 1 130 507 1 024 373 869 909 797 460 ------------------------------------------------------------------------ Klientide hoiused ja saadud laenud 986 777 891 397 757 835 688 116 Muud kohustised 18 233 11 982 7 443 7 978 Allutatud laenud 17 111 17 064 7 064 7 111 ------------------------------------------------------------------------ Kohustised kokku 1 022 121 920 443 772 342 703 205 ------------------------------------------------------------------------ Omakapital 108 386 103 930 97 567 94 255 ------------------------------------------------------------------------ Kohustised ja omakapital kokku 1 130 507 1 024 373 869 909 797 460 ------------------------------------------------------------------------ Coop Panga aruanded on leitavad aadressilt: https://www.cooppank.ee/aruandlus Coop Pank korraldab 2021. aasta III kvartali majandustulemuste tutvustamiseks veebiseminari 20. oktoobril 2021 kell 9.00. Osalemiseks palume eelnevalt registreeruda aadressil: https://register.gotowebinar.com/register/6062443650368461324 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 108 000 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 Q3 2021
Message
Coop Pank has 108,000 clients by the end of Q3 2021, the number of clients has increased by 7,300 over the quarter (+7%). Number of private clients with current account in the bank increased by 6,700 and number of business clients by 600 over the quarter. Over the year, client base of Coop Pank increased 35%, i.e. by 28,000 clients. In Q3 2021, volume of deposits in Coop Pank increased by 95 million euros (+11%), reaching total of 987 million euros. Deposits from domestic companies showed the fastest growth, increasing by 77 million euros, of which 42 million were demand deposits and 35 million were term deposits. Deposits from private clients grew by 25 million euros, of which 22 million were demand deposits and 3 million were term deposits. Deposits from international deposit platform Raisin and other financing decreased by 7 million euros. Compared to Q3 2020, volume of Coop Pank's deposits has increased by 299 million euros (+43%). In an annual comparison, share of demand deposits to total deposits has increased from 34% to 44%. In Q3 2021, the bank's financing cost was 0.7%, at the same time last year the financing cost was 0.9%. In Q3 2021, net loan portfolio of Coop Pank grew by 82 million euros (+11%), reaching 854 million euros. Business loans portfolio showed the fastest growth, increasing the volume by 57 million euros (+19%). Home loans portfolio increased by 28 million euros (+9%), leasing portfolio by 2 million euros (+3%) and consumer finance portfolio decreased by 5 million euros (-7%). Compared to Q3 2020, total loan portfolio of Coop Pank has grown by 255 million euros, i.e. 43%. In Q3 2021, overdue loan portfolio of Coop Pank was at the level of 2%. In an annual comparison, overdue loan portfolio decreased from the level of 5% to 2%, which is the lowest level in last four years. Impairment costs of financial assets in Q3 2021 were 0.01 million euros. Net income of Coop Pank in Q3 2021 was 10.3 million euros, having grown 11% over the quarter and 29% over the year. Operating expenses reached 5.8 million euros in Q3, having increased by 8% over the quarter and 22% over the year. In Q3 2021, net profit of Coop Pank was 4.3 million euros, which is 42% more than in Q2 2021 and 114% more than a year ago. In Q3 2021, cost to income ratio of the bank was 56% and return on equity was 16.2%. As of 30 September 2021, Coop Pank has 24,575 shareholders, 6 113 shareholders have been added over the quarter. Margus Rink, Chairman of the Management Board of Coop Pank, comments the results: "When the market dropped in the first quarter of this year, our loan portfolio showed modest growth, it was followed by good growth in the second quarter and even stronger growth now, in the third quarter. Similar dynamics have taken place in the growth of new customers and in the transactions made by them. The growing customer base, in turn, has led to an increase in domestic deposits and made it possible to reduce the share of more expensive foreign financing. The growing loan portfolio, the number of customers and the volume of transactions made by them, the cheaper price of resources and the high quality of the loan portfolio resulted in Coop Pank's best quarterly profit (4.3 million euros) and performance indicators (ROE 16.2%; CIR 56%)." Income statement, in thousands of euros Q3 2021 Q2 2021 Q3 2020 9M 2021 9M 2020 ------------------------------------------------------------------------------- Net interest income 9 345 8 325 7 353 25 714 20 563 Net fee and commission income 752 783 558 2 183 1 557 Net other income 230 233 77 665 450 ------------------------------------------------------------------------------- Total net income 10 327 9 341 7 988 28 562 22 570 ------------------------------------------------------------------------------- Payroll expenses -3 364 -3 065 -2 844 -9 308 -8 109 Marketing expenses -296 -313 -168 -915 -595 Rental and office expenses, depreciation of tangible assets -667 -576 -557 -1 822 -1 672 IT expenses and depreciation of intangible assets -893 -809 -632 -2 442 -1 687 Other operating expenses -568 -573 -525 -1 761 -1 461 ------------------------------------------------------------------------------- Total operating expenses -5 788 -5 336 -4 726 -16 248 -13 524 ------------------------------------------------------------------------------- Net profit before impairment losses 4 539 4 005 3 262 12 314 9 046 Impairment costs on financial assets -10 -753 -1 139 -1 534 -4 074 Net profit before income tax 4 529 3 252 2 123 10 780 4 972 Income tax expenses -227 -220 -111 -612 -137 ------------------------------------------------------------------------------- Net profit for the financial year 4 302 3 032 2 012 10 168 4 835 ------------------------------------------------------------------------------- Basic earnings per share (in euros) 0,05 0,03 0,02 0,11 0,05 Diluted earnings per share (in euros) 0,05 0,03 0,02 0,11 0,05 Statement of financial position, in thousands of euros 30.09.2021 30.06.2021 31.12.2020 30.09.2020 ------------------------------------------------------------------------ Cash and cash equivalents 239 735 221 666 170 750 168 984 Debt securities 3 573 3 678 3 011 3 084 Loans to customers 854 234 772 516 670 593 599 213 Other assets 32 965 26 513 25 555 26 179 ------------------------------------------------------------------------ Total assets 1 130 507 1 024 373 869 909 797 460 ------------------------------------------------------------------------ Customer deposits and loans received 986 777 891 397 757 835 688 116 Other liabilities 18 233 11 982 7 443 7 978 Subordinated debt 17 111 17 064 7 064 7 111 ------------------------------------------------------------------------ Total liabilities 1 022 121 920 443 772 342 703 205 ------------------------------------------------------------------------ Equity 108 386 103 930 97 567 94 255 ------------------------------------------------------------------------ Total liabilities and equity 1 130 507 1 024 373 869 909 797 460 ------------------------------------------------------------------------ The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting Coop Pank will organise a webinar on 20 October 2021 at 09:00 AM, to present the financial results of Q3 2021. For participation, please register in advance at: https://register.gotowebinar.com/register/6062443650368461324 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 108,000 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])