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
9886
Attachments
Submission date and time
19.10.2022 08:00:00
Content of announcement in Estonian
Title
Coop Pank 2022. aasta III kvartali auditeerimata majandustulemused
Message
2022. aasta III kvartali lõpu seisuga oli Coop Pangal 139 000 klienti, klientide arv kasvas kvartaliga 8 200 kliendi võrra (+6%). Arveldavaid kliente oli pangal 62 400, kvartaliga kasvas arveldavate klientide arv 3 700 võrra (+6%). Coop Panga hoiuste maht kasvas 2022. aasta III kvartalis 106 miljoni euro võrra (8%), ulatudes 1,35 miljardi euroni. Kiireimat kasvu näitas äriklientide hoiuste portfell, mille maht kasvas 44 miljoni euro võrra: nõudmiseni hoiuste maht kasvas 50 miljonit euro võrra ja tähtajaliste hoiuste maht kahanes 6 miljoni euro võrra. Eraklientide hoiuste maht kasvas 4 miljoni euro võrra: nõudmiseni hoiused kasvasid 5 miljoni euro võrra ja tähtajalised hoiused kahanesid 1 miljoni euro võrra. Rahvusvahelise hoiuste kaasamise platvormi Raisin hoiused ja muu finantseering kasvas 58 miljoni euro võrra. Võrreldes 2021. aasta III kvartaliga on Coop Panga hoiuste maht kasvanud 368 miljoni euro võrra (+37%). Aastases võrdluses on panga nõudmiseni hoiuste osakaal kõigist hoiustest tõusnud 46% pealt 50% peale. 2022. III kvartalis oli finantseerimiskulu 0,7%, mis on eelmiste kvartalitega võrreldes tõusnud. 2022. aasta III kvartalis kasvas Coop Panga neto laenuportfell 77 miljoni euro võrra (+7%), ulatudes 1,21 miljardi euroni. Kiireimat kasvu näitas kodulaenude portfell, mille maht kasvas 36 miljoni euro võrra (+8%). Ärilaenude portfell kasvas 29 miljoni euro võrra (+6%), liisinguportfell kasvas 8 miljoni euro võrra (+7%) ja tarbimisfinantseerimise portfell kasvas 4 miljoni euro võrra (+7%). 2021. aasta III kvartaliga võrreldes on laenuportfell kasvanud 354 miljoni euro võrra (+41%). 2022. aasta III kvartalis langes Coop Panga viivises olev laenuportfell 1,7% tasemelt 1,4% tasemele. Aasta tagasi oli vastav näitaja 2,0%. Finantsvarade allahindluse kulu oli 2022. aasta III kvartalis 0,7 miljonit eurot, mis on tavapärane tase. 2021. aasta III kvartalis täiendavaid allahindlused ei tehtud seoses provisjonide vabanemisega tarbimisfinantseerimise portfellis pensionireformi mõjul. Coop Panga netotulud olid 2022. aasta III kvartalis 13,9 miljonit eurot, tõustes kvartaalses võrdluses 9% ja aastases võrdluses 34%. Tegevuskulud ulatusid III kvartalis 7 miljoni euroni, kvartaalses võrdluses kasvasid tegevuskulud 5% ja aastases võrdluses 20%. Coop Pank teenis 2022. aasta III kvartalis 5,7 miljonit eurot puhaskasumit, mida on 25% rohkem kui eelmises kvartalis ja 34% rohkem kui aasta tagasi. Panga kulude ja tulude suhe oli 2022. aasta III kvartalis 50% ja omakapitali tootlus 19,1%. Coop Pangal on 30.09.2022 seisuga ligi 30 200 aktsionäri, kvartaliga lisandus 200 uut aktsionäri. Coop Panga juhatuse esimehe Margus Rinki kommentaar tulemustele: ?Kolmanda kvartali märksõnadeks olid laenuportfelli jätkuv kasv, madal võlgade tase, hoiuste portfelli kasvu pidurdumine, euribori tõus, rekordiline kvartalikasum ning läbi aegade parimad tulemusnäitajad. Alates aasta algusest näeme, et hoiuste maht Eesti turul ei kasva ning majandus tarbib eelmistel perioodidel kogutud hoiuseid. Nii on muutunud uute hoiuste kaasamine raskemaks ning kulukamaks. Kui viimastel aastatel oleme kaasanud hoiuseid Euroopa platvormidelt järjest kahanevas mahus, siis viimases kvartalis suurendasime taas selliste hoiuste mahtu. Coop Panga laenuportfell kasvas kõigis äriliinides. Näeme siiski esimesi märke laenunõudluse alanemisest ja seda eelkõige ärikliendi laenudes ning eluasemelaenudes. Viivises laenude maht on jätkuvalt madal ja vastavalt sellele ka allahindluste tase. Kasvav euribor mõjub positiivselt intressituludele ja negatiivselt intressikuludele. Positiivne mõju oli siiski kaks korda suurem negatiivne. Kõik see päädis Coop Panga jaoks rekordilise kvartalikasumi ning läbi aegade parimate tulemusnäitajatega. Soovime olla valmis nendeks võimalusteks, mis avanevad majanduskasvu aeglustumise käigus ja olla tugeva kapitalibaasiga hetkeks, kui majandus pöördub taas kasvule. Sellest lähtuvalt oleme 1. novembriks kutsunud kokku aktsionäride üldkoosoleku, kus on plaanis otsustada täiendav kapitali kaasamine panga kasvustrateegia finantseerimiseks." Kasumiaruanne, tuh. 2021 III eurodes 2022 III kv 2022 II kv kv 2022 9 kuud 2021 9 kuud ------------------------------------------------------------------------------- Neto intressitulud 12 721 11 629 9 345 34 945 25 714 Neto teenustasutulud 978 904 752 2 677 2 183 Muud tegevustulud, neto 148 224 230 476 665 ------------------------------------------------------------------------------- Netotulud kokku 13 847 12 757 10 327 38 097 28 562 ------------------------------------------------------------------------------- Tööjõukulud -4 057 -3 780 -3 364 -11 286 -9 308 Turunduskulud -442 -399 -296 -1 232 -915 Rent, kontorikulud ja mat.pv. kulum -684 -669 -667 -2 041 -1 822 IT kulud ja immat. põhivara kulum -1 087 -1 116 -893 -3 177 -2 442 Muud kulud -659 -646 -568 -2 003 -1 761 ------------------------------------------------------------------------------- Tegevuskulud kokku -6 929 -6 610 -5 788 -19 739 -16 248 ------------------------------------------------------------------------------- Kasum enne allahindluste kulu 6 918 6 147 4 539 18 359 12 314 Finantsvarade allahindlus -672 -1 181 -10 -3 347 -1 534 Kasum enne tulumaksu 6 246 4 966 4 529 15 012 10 780 Tulumaksu kulu -499 -378 -228 -1 177 -612 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum 5 747 4 588 4 302 13 835 10 168 ------------------------------------------------------------------------------- Finantsseisundi aruanne, tuh. eurodes 30.09.2022 30.06.2022 31.12.2021 30.09.2021 ------------------------------------------------------------------------------- Raha ja raha ekvivalendid 287 158 261 821 252 799 239 735 Võlainstrumendid 14 540 4 969 5 932 3 573 Laenud klientidele 1 208 457 1 131 367 953 396 854 234 Muud varad 29 879 30 711 29 849 32 965 ------------------------------------------------------------------------------- Varad kokku 1 540 035 1 428 868 1 241 976 1 130 507 ------------------------------------------------------------------------------- Klientide hoiused ja saadud laenud 1 354 345 1 248 711 1 098 746 986 777 Muud kohustised 19 659 19 706 14 423 18 233 Allutatud laenud 43 211 43 164 17 064 17 111 ------------------------------------------------------------------------------- Kohustised kokku 1 417 215 1 311 581 1 130 233 1 022 121 ------------------------------------------------------------------------------- Omakapital 122 820 117 287 111 743 108 386 ------------------------------------------------------------------------------- Kohustised ja omakapital kokku 1 540 035 1 428 868 1 241 976 1 130 507 ------------------------------------------------------------------------------- Coop Panga aruanded on leitavad aadressilt: https://www.cooppank.ee/aruandlus Coop Pank korraldab 2022. aasta III kvartali majandustulemuste tutvustamiseks veebiseminari 19. oktoobril 2022 kell 9.00. Osalemiseks palume eelnevalt registreeruda aadressil: https://bit.ly/CP-19-10-veebiseminar-registreerimine Veebiseminar salvestatakse ning avalikustatakse Coop Panga kodulehel www.cooppank.ee (https://www.globenewswire.com/Tracker?data=ysaYE2aduEcKrKAVh7DYM6LiE28UTJqD7xkd SPeY2t-8glSNNf3zmGgGz59--m-ZGdW8mZfR_aEVv-L5dz38qQ==) ja YouTube'i kontol. Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast universaalpangast. Pangal on 139 000 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: Paavo Truu Finantsjuht Telefon: +372 516 0231 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Coop Pank unaudited financial results for Q3 2022
Message
By the end of the Q3 2022, Coop Pank had 139,000 customers, during the quarter the number of customers increased by 8,200 (+6%). The bank had 62,400 active customers, during the quarter the number of active customers increased by 3,700 (+6%). In Q3 2022, volume of deposits in Coop Pank increased by 106 million euros (+8%), reaching total of 1.35 billion euros. Deposits from domestic companies showed the fastest growth, increasing by 44 million euros: demand deposits increased by 50 million euros and term deposits decreased by 6 million euros. Deposits from private clients increased by 4 million euros: demand deposits increased by 5 million euros and term deposits decreased by 1 million euros. Deposits from international deposit platform Raisin and other financing increased by 58 million euros. Compared to Q3 2021, volume of Coop Pank's deposits has increased by 368 million euros (+37%). In an annual comparison, share of demand deposits to total deposits has increased from 46% to 50%. In Q3 2022, the bank's financing cost was 0.7%, which has increased compared to the previous quarters. In Q3 2022, net loan portfolio of Coop Pank increased by 77 million euros (+7%), reaching 1.21 billion euros. Home mortgage loan portfolio showed the fastest growth, increasing the volume by 36 million euros (+8%). Business loans portfolio increased by 29 million euros (+6%), leasing portfolio increased by 8 million euros (+7%) and consumer finance portfolio increased by 4 million euros (+7%). Compared to Q3 2021, total loan portfolio of Coop Pank has grown by 354 million euros (+41%). In Q3 2022, overdue loan portfolio of Coop Pank decreased from the level of 1.7% to 1.4%. A year ago, it was 2,0%. Impairment costs of financial assets in Q3 2022 were 0.7 million euros, which is usual level. In Q3 2021 no impairment costs were made, in connection with the release of provisions in the consumer financing portfolio as a result of the pension reform. Net income of Coop Pank in Q3 2022 was 13.9 million euros, having grown 9% over the quarter and 34% over the year. Operating expenses reached 7 million euros in Q3, having increased 5% in quarterly comparison and 20% in annual comparison. In Q3 2022, net profit of Coop Pank was 5.7 million euros, which is 25% more than in the previous quarter and 34% more than a year ago. In Q3 2022, cost to income ratio of the bank was 50% and return on equity was 19.1%. As of 30 September 2022, Coop Pank has ca 30 200 shareholders, during the quarter the number of shareholders increased by 200. Margus Rink, Chairman of the Management Board of Coop Pank, comments the results: "The keywords of the third quarter were: continued growth of the loan portfolio, low level of debt, slow down of the growth of the deposit portfolio, rise of the Euribor, record quarterly profit and the best performance indicators of all time. Since the beginning of the year, we see that the volume of deposits in the market is not growing anymore, and the economy is consuming the deposits collected in previous periods. Due to that, it has become more difficult and expensive to attract new deposits. If in recent years we have included funds from European deposit platforms in a decreasing amount, then in the last quarter we have included these deposits again. Coop Pank's loan portfolio grew in all business lines. However, we are seeing the first signs of a decrease in loan demand, especially in corporate loans and home loans. The volume of non-performing loans continues to be low and, accordingly, the level of discounts. The increasing Euribor has a positive effect on interest income and a negative effect on interest expenses. However, the positive effect is twice as large as the negative effect. All these factors together resulted in a record quarterly profit and the best performance indicators of all time. We want to be ready for the opportunities that arise as economic growth slows down and have a strong capital base for when the economy returns to growth. Based on this, we have convened a general meeting of shareholders for November 1, where it is planned to decide on additional capital raising to finance the bank's growth strategy." Income statement, in th. euros Q3 2022 Q2 2022 Q3 2021 9M 2022 9M 2021 ------------------------------------------------------------------------------- Net interest income 12 721 11 629 9 345 34 945 25 714 Net fee and commission income 978 904 752 2 677 2 183 Net other income 148 224 230 476 665 ------------------------------------------------------------------------------- Total net income 13 847 12 757 10 327 38 097 28 562 ------------------------------------------------------------------------------- Payroll expenses -4 057 -3 780 -3 364 -11 286 -9 308 Marketing expenses -442 -399 -296 -1 232 -915 Rental and office expenses, depr. of tangible assets -684 -669 -667 -2 041 -1 822 IT expenses and depr. of intangible assets -1 087 -1 116 -893 -3 177 -2 442 Other operating expenses -659 -646 -568 -2 003 -1 761 ------------------------------------------------------------------------------- Total operating expenses -6 929 -6 610 -5 788 -19 739 -16 248 ------------------------------------------------------------------------------- Net profit before impairment losses 6 918 6 147 4 539 18 359 12 314 Impairment costs on financial assets -672 -1 181 -10 -3 347 -1 534 Net profit before income tax 6 246 4 966 4 529 15 012 10 780 Income tax expenses -499 -378 -228 -1 177 -612 ------------------------------------------------------------------------------- Net profit for the period 5 747 4 588 4 302 13 835 10 168 ------------------------------------------------------------------------------- Statement of financial position, in thousands of euros 30.06.2022 31.03.2022 31.12.2021 30.06.2021 ------------------------------------------------------------------------------- Cash and cash equivalents 287 158 261 821 252 799 239 735 Debt securities 14 540 4 969 5 932 3 573 Loans to customers 1 208 457 1 131 367 953 396 854 234 Other assets 29 879 30 711 29 849 32 965 ------------------------------------------------------------------------------- Total assets 1 540 035 1 428 868 1 241 976 1 130 507 ------------------------------------------------------------------------------- Customer deposits and loans received 1 354 345 1 248 711 1 098 746 986 777 Other liabilities 19 659 19 706 14 423 18 233 Subordinated debt 43 211 43 164 17 064 17 111 ------------------------------------------------------------------------------- Total liabilities 1 417 215 1 311 581 1 130 233 1 022 121 ------------------------------------------------------------------------------- Equity 122 820 117 287 111 743 108 386 ------------------------------------------------------------------------------- Total liabilities and equity 1 540 035 1 428 868 1 241 976 1 130 507 ------------------------------------------------------------------------------- The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting Coop Pank will organise a webinar on 19 October 2022 at 9:00 AM, to present the financial results of Q2 2022. For participation, please register in advance at: https://bit.ly/CP-19-10-veebiseminar-registreerimine The webinar will be recorded and published on the company's website www.cooppank.ee (http://www.cooppank.ee) and on the YouTube channel. Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 139,000 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: Paavo Truu CFO Phone: +372 516 0231 E-mail: [email protected] (mailto:[email protected])