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
9838
Submission date and time
27.09.2022 16:45:00
Content of announcement in Estonian
Title
Kommentaar seoses Finantsinspektsiooni tähelepanekutega Coop Pank AS-le ja Coop Finants AS-le
Message
Finantsinspektsioon on hinnanud Coop Pank AS ja Coop Finants AS riskijuhtimise põhimõtteid, täheldanud vajadust neid tõhustada ning tegi selle kohta 26.09.2022 ettekirjutused. Finantsinspektsioon hindas Coop Panga krediidiriski juhtimist, üldjuhtimise korraldust, vastavuskontrolli funktsiooni toimimist, operatsiooniriski juhtimist, IT riski juhtimist, likviidsusriski juhtimist ning võtmeisikute sobivuse hindamise süsteemi toimimist. Coop Finantsi puhul hinnati sise- eeskirju, sisekontrolli meetmeid ning tarbija krediidivõimelisuse hindamise metoodikat. Coop Pank AS ja Coop Finants AS on ettekirjutuses väljatoodud puudustest tänaseks mitmed juba kõrvaldanud, täiendades sise-eeskirju ja protseduurireegleid. Välja on töötatud aja- ja tegevuskava allesjäänud puuduste kõrvaldamiseks ning need on Finantsinspektsiooniga kooskõlastatud. ?Meie jaoks on alati olnud oluline täita kõiki regulatsioonidest tulenevaid nõudeid. Nii Coop Pank AS kui ka Coop Finants AS on dialoogis järelevalvega ning kõrvaldame viidatud puudused," kommenteeris Coop Panga riskijuht Heikko Mäe. Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast universaalpangast. Pangal on 136 100 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: Katre Tatrik Kommunikatsioonijuht Tel: +372 5151 859 E-mail: [email protected]
Content of announcement in English
Title
Comment regarding the observations of the Financial Supervision Authority to Coop Pank AS and Coop Finants AS
Message
The Estonian Financial Supervision Authority has assessed the governance and risk management principles of Coop Pank AS and Coop Finants AS, observed the need to improve them and issued instructions on this matter on 26.09.2022. The Financial Supervision Authority assessed Coop Pank's credit risk management, governance, compliance function, operational risk management, IT risk management, liquidity risk management and the key function holders suitability assessment system. In case of Coop Finance AS, the internal rules, internal control measures and the methodology for assessing the consumer's creditworthiness were evaluated by Financial Supervision Authority. Coop Pank AS and Coop Finants AS have already eliminated several of the deficiencies identified in the order by supplementing the internal regulations and processes. Action plan have been developed to eliminate the remaining deficiencies and this has been coordinated with the Estonian Financial Supervision Authority. "It has always been important for us to fulfil all the requirements arising from the regulations. Both Coop Pank AS and Coop Finants AS are in dialogue with supervision and we are eliminating the deficiencies as directed," commented Heikko Mäe, risk manager of Coop Pank. 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 136,100. 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: Katre Tatrik Communication Manager Tel: +372 5151 859 E-mail: [email protected] (mailto:[email protected])