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Coop Pank 2025. aasta I kvartali auditeerimata majandustulemused

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2025. aasta  I kvartali lõpu seisuga  oli Coop Pangal 213 000 klienti, klientide
arv  kasvas kvartaliga 5000 kliendi võrra  (+2%) ja aastaga 23 000 võrra (+12%).
Aktiivselt   arveldavaid   kliente  oli  101?800, kvartaliga  kasvas  aktiivselt
arveldavate klientide arv 2400 võrra (+3%) ja aastaga 17 400 võrra (+21%).

Coop  Panga hoiuste  maht kasvas  2025. aasta I  kvartalis 29 miljoni euro võrra
(+2%),  ulatudes 1,91 miljardi euroni. Eraklientide  hoiuste portfell kasvas 15
miljoni  euro  võrra:  nõudmiseni  hoiused  kasvasid  9 miljoni  euro  võrra  ja
tähtajalised  hoiused kasvasid  6 miljoni euro  võrra. Äriklientide hoiuste maht
kasvas  39 miljoni euro võrra: nõudmiseni hoiused kasvasid 36 miljoni euro võrra
ja  tähtajalised hoiused  kasvasid 3 miljoni  euro võrra. Rahvusvahelise hoiuste
kaasamise  platvormi Raisin hoiused ja muu finantseering kahanes 24 miljoni euro
võrra.  Võrreldes 2024. aasta I  kvartaliga on Coop  Panga hoiuste maht kasvanud
221 miljoni  euro võrra (+13%).  Aastases võrdluses on  panga nõudmiseni hoiuste
osakaal  kõigist hoiustest kasvanud 30% pealt 32% peale. 2025. aasta I kvartalis
oli finantseerimiskulu 2,8%, eelmisel aastal samal ajal 3,5%.

2025. aasta  I kvartalis  kasvas Coop  Panga neto  laenuportfell 44 miljoni euro
võrra  (+3%),  ulatudes  1,81 miljardi  euroni.  Suurimat kasvu näitasid äri- ja
kodulaenude portfellid, mis mõlemad kasvasid kvartaliga 22 miljonit eurot (+3%).
Liisingu ja Tarbimisfinantseerimise portfellid jäid võrreldes eelmise kvartaliga
samale  tasemele. 2024. aasta  I kvartaliga  võrreldes on laenuportfell kasvanud
287 miljoni euro võrra (+19%).

2025. aasta  I  kvartalis  püsis  Coop  Panga  viivises olev laenuportfell 2,1%
tasemel. Aasta tagasi oli viivises olev laenuportfell 2,4% tasemel.

Finantsvarade  allahindluse kulu oli 2025. aasta I kvartalis 0,2 miljonit eurot,
mida  on 1,6 miljonit eurot (-88%) vähem  kui eelmises kvartalis ja 0,4 miljonit
eurot (-61%) vähem kui oli 2024. aasta I kvartalis.

Coop Panga netotulud olid 2025. aasta I kvartalis 19,3 miljonit eurot, kahanedes
kvartaalses  võrdluses  3% ja  aastases  võrdluses  5%. Tegevuskulud  ulatusid I
kvartalis  9,5 miljoni euroni,  kahanedes kvartaalses  võrdluses 12% ja kasvades
aastases võrdluses 1%.

Coop  Pank teenis 2025. aasta I  kvartalis 7,9 miljonit eurot puhaskasumit, mida
on 24% rohkem kui eelmises kvartalis ja 13% vähem kui aasta tagasi. Panga kulude
ja tulude suhe oli I kvartalis 49% ning omakapitali tootlus 14,7%.

Coop Pangal on 31.03.2025 seisuga 35?200 aktsionäri.

Coop Panga juhatuse esimehe Margus Rinki kommentaar tulemustele:

?Viimastel  kvartalitel  oleme  näinud  majanduskeskkonnas  positiivseid märke -
hinnatõusu  pidurdumine,  intressimäärade  alanemine,  stabiilsed energiahinnad.
Paraku  on aga viimased  kuud toonud uudiseid  kaubandussõdadest, mis puudutavad
küll  eelkõige maailmamajandust, kuid muudavad  ärevaks ka kohalikud ettevõtjad.
Kui  möödunud aasta lõpus  nägime, et ettevõtjad  olid pärast pikka ootamist oma
investeerimisplaanid  taas välja võtnud  ja tegutsema asunud,  siis nüüd on taas
tunda nende julguse hajumist.

Sellest  hoolimata  pakub  langevata  intresside keskkond investeeringuteks häid
võimalusi  ja vähendab finantseerimiskulu nii juriidilistel- kui ka eraisikutel.
Pangale  tähendab  see  intressitulude  langust,  mida on võimalik kompenseerida
üksnes ärimahtude kasvuga.

Esimeses  kvartalis  kasvatas  Coop  Pank  oma  ärimahte turu kasvust kaks korda
kiiremini  -  korraliku  kasvu  tegid  nii  klientide  arv,  kui  ka hoiuste- ja
laenuportfell.  Kvartali lõpuks  kuulus Coop  Pangale 6,3% hoiuste  turuosast ja
6,6% laenude turuosast.

Ärimahtude  kasv,  laenuportfelli  kõrge  kvaliteet  ja  kulude  kontrolli  alla
hoidmine  päädis esimeses kvartalis Coop  Panga jaoks tugeva puhaskasumiga: 7,9
miljonit  eurot. Panga  kulude ja  tulude suhe  oli esimeses  kvartalis 49% ning
omakapitali tootlus 14,7%.

Kantar  EMOR Eesti  suurimate teenindusettevõtete  soovitusindeksi värske uuring
näitab, et Coop Pank on enim soovitatud pank Eestis.

Coop Pank emiteeris märtsis Iiri börsil esmakordselt 250 miljoni euro väärtuses
nelja-aastase tähtajaga pandivõlakirju, mis oli esimene osa 750 miljoni eurosest
pandikirjaprogrammist. Esimene pandikirja emissioon rahvusvahelisel turul lisab
Coop Panga käsutusse täiendava pikaajalise stabiilse rahastusallika, mida
kasutatakse, et  finantseerida Eestis tegutsevate äride kasvu."

 Kasumiaruanne, tuhandetes eurodes         2025 I kv 2024 IV kv 2024 I kv
-------------------------------------------------------------------------
 Neto intressitulud                           17 930     19 149    19 082

 Neto teenustasutulud                          1 155      1 303     1 014

 Muud tegevustulud, neto                         225       -483       125
-------------------------------------------------------------------------
 Netotulud kokku                              19 310     19 969    20 221
-------------------------------------------------------------------------
 Tööjõukulud                                  -5 578     -6 007    -5 409

 Turunduskulud                                  -358       -788      -533

 Rent, kontorikulud ja mat. põhivara kulum      -807       -798      -795

 IT kulud ja immat. põhivara kulum            -1 613     -1 731    -1 405

 Muud kulud                                   -1 162     -1 473    -1 286
-------------------------------------------------------------------------
 Tegevuskulud kokku                           -9 519    -10 798    -9 427
-------------------------------------------------------------------------
 Kasum enne allahindluste kulu                 9 791      9 171    10 794

 Finantsvarade allahindlus                      -226     -1 821      -576

 Kasum enne tulumaksu                          9 565      7 351    10 218

 Tulumaksu kulu                               -1 652       -957    -1 080
-------------------------------------------------------------------------
 Aruandeperioodi puhaskasum                    7 913      6 393     9 138
-------------------------------------------------------------------------

-------------------------------------------------------------------------
 Puhaskasum aktsia kohta, eur                   0,08       0,06      0,09

 Lahustatud puhaskasum aktsia kohta, eur        0,08       0,06      0,09
-------------------------------------------------------------------------


 Finantsseisundi aruanne, tuhandetes eurodes 31.03.2025 31.12.2024 31.03.2024

 Raha ja raha ekvivalendid                      564 441    343 678    380 644

 Võlainstrumendid                                49 536     37 751     36 460

 Laenud klientidele                           1 818 109  1 774 118  1 531 038

 Muud varad                                      34 711     33 066     31 320
-----------------------------------------------------------------------------
 Varad kokku                                  2 466 796  2 188 614  1 979 461
-----------------------------------------------------------------------------
 Klientide hoiused ja saadud laenud           1 914 526  1 886 145  1 693 254

 Emiteeritud võlaväärtpaberid                   250 250          0          0

 Muud kohustised                                 19 096     27 683     27 698

 Allutatud laenud                                63 363     63 148     63 239
-----------------------------------------------------------------------------
 Kohustised kokku                             2 247 235  1 976 977  1 784 191
-----------------------------------------------------------------------------
 Omakapital                                     219 561    211 637    195 270
-----------------------------------------------------------------------------
 Kohustised ja omakapital kokku               2 466 796  2 188 614  1 979 461
-----------------------------------------------------------------------------

Coop Panga aruanded on leitavad aadressilt: https://www.cooppank.ee/aruandlus

Coop Pank korraldab 2025. aasta I kvartali majandustulemuste tutvustamiseks
veebiseminari 23. aprillil 2025 kell 9.00. Osalemiseks palume eelnevalt
registreeruda aadressil:
https://bit.ly/CP-veebiseminar-osalemine-23042025

Veebiseminar salvestatakse ning avalikustatakse Coop Panga kodulehel
www.cooppank.ee (http://www.cooppank.ee) ja YouTube'i kontol
(https://www.youtube.com/@cooppank).

Eesti   kapitalil   põhinev   Coop   Pank   on  üks  viiest  Eestis  tegutsevast
universaalpangast.  Pangal  on  213 000 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 320 kauplust.

Lisainfo:
Paavo Truu
Finantsjuht
Telefon: +372 516 0231
E-post: [email protected] (mailto:[email protected])

Pealkiri

Coop Pank unaudited financial results for Q1 2025

Teade

By  the end of the Q1 2025, Coop Pank had 213,000 customers, increased by 5,000
customers  in the quarter (+2%)  and by 23,000 in the  year (+12%). The bank had
101,800 active customers, increased by 2,400 (+3%) in the quarter and by 17,400
(+21%) in the year.

In Q1 2025, volume of deposits in Coop Pank decreased by 29 million euros (+2%),
reaching  total of 1.91 billion euros.  Deposits from private clients increasing
by  15 million  euros:  demand  deposits  increased  by 9 million euros and term
deposits increased by 6 million euros. Deposits from domestic business customers
increased  by 39 million euros: demand deposits increased by 36 million euro and
term  deposits increased by 3 million euros. Deposits from international deposit
platform  Raisin and other financing decreased  by 24 million euros. Compared to
Q1  2024, volume  of  Coop  Pank's  deposits  has increased by 221 million euros
(+13%).  In an annual comparison, share of demand deposits of total deposits has
increased  from 30% to 32%. In  Q1 2025, the bank's  financing cost was 2.8%, at
the same time last year the financing cost was 3.5%.

In Q1 2025, net loan portfolio of Coop Pank increased by 44 million euros (+3%),
reaching  1.81 billion euros. Business loans and home loans portfolio showed the
biggest growth, both increased by 22 million euros (+3%). The volumes of leasing
portfolio  and consumer finance portfolio remained at the same level compared to
the previous quarter. Compared to Q1 2024, total loan portfolio of Coop Pank has
grown by 287 million euros (+19%).

In Q1 2025, overdue loan portfolio of Coop Pank remained steady at the level
2.1%. A year ago, overdue loan portfolio was at the level of 2.4%.

Impairment costs of financial assets in Q1 2025 were 0.2 million euros, which is
1.6 million  euros (-88%) less than in previous quarter and 0.4 million euros (-
61%) less than in Q1 2024.

Net income of Coop Pank in Q1 2025 was 19.3 million euros, decreasing by 3% in a
quarterly  comparison  and  by  5% in  an  annual comparison. Operating expenses
reached  9.5 million euros  in Q1  - operating  expenses decreased by 12% in the
quarterly comparison and increased by 1% in the annual comparison.

In  Q1 2025, net profit  of Coop Pank  was 7.9 million euros,  which is 24% more
than  in the previous quarter and 13% less than  a year ago. In Q1 2025, cost to
income ratio of the bank was 49% and return on equity was 14.7%.

As of 31 March 2025, Coop Pank has 35,200 shareholders.

Margus  Rink,  Chairman  of  the  Management  Board  of  Coop Pank, comments the
results:

"In recent quarters, we have seen positive signs in the economic environment - a
slowdown in inflation, declining interest rates, and stable energy prices.
Unfortunately, the past few months have also brought news of trade wars, which
mainly affect the global economy, but they have also caused concern among local
businesses. At the end of last year, we saw that, after a long wait,
entrepreneurs had dusted off their investment plans and started to take action
again, now, however, we can once again sense a decline in their confidence.

Despite this, the declining interest rate environment offers good opportunities
for investment and reduces financing costs for both legal entities and private
individuals. For the bank, it means a drop in interest income, which can only be
compensated by growing business volumes.

In the first quarter, Coop Pank grew its business volumes at twice the rate of
market growth - with solid increases in the number of clients, as well as in
deposits and the loan portfolio. By the end of the quarter, Coop Pank held a
6.3% market share in deposits and a 6.6% share in loans.

Growth in business volumes, the high quality of the loan portfolio, and
effective cost control resulted in a strong net profit for Coop Pank in the
first quarter: 7.9 million euros. The bank's cost-to-income ratio for Q1 was
49% and return on equity was 14.7%.

According to recent research by Kantar Emor on the Net Promoter Score (NPS) of
Estonia's largest service companies, Coop Pank is the most recommended bank in
Estonia.

In March, Coop Pank issued covered bonds for the first time on the Irish Stock
Exchange, in the amount of 250 million euros with a maturity of four years. This
was the initial tranche of a 750 million euros covered bond program. The bank's
first international covered bond issuance provides Coop Pank with an additional
long-term and stable funding source, which will be used to support the growth of
businesses operating in Estonia."

 Income statement, in th. of euros                    Q1 2025 Q4 2024 Q1 2024
-----------------------------------------------------------------------------
 Net interest income                                   17 930  19 149  19 082

 Net fee and commission income                          1 155   1 303   1 014

 Net other income                                         225    -483     125
-----------------------------------------------------------------------------
 Total net income                                      19 310  19 969  20 221
-----------------------------------------------------------------------------
 Payroll expenses                                      -5 578  -6 007  -5 409

 Marketing expenses                                      -358    -788    -533

 Rental and office expenses, depr. of tangible assets    -807    -798    -795

 IT expenses and depr. of intangible assets            -1 613  -1 731  -1 405

 Other operating expenses                              -1 162  -1 473  -1 286
-----------------------------------------------------------------------------
 Total operating expenses                              -9 519 -10 798  -9 427
-----------------------------------------------------------------------------
 Net profit before impairment losses                    9 791   9 171  10 794

 Impairment costs on financial assets                    -226  -1 821    -576

 Net profit before income tax                           9 565   7 351  10 218

 Income tax expenses                                   -1 652    -957  -1 080
-----------------------------------------------------------------------------
 Net profit for the period                              7 913   6 393   9 138
-----------------------------------------------------------------------------

-----------------------------------------------------------------------------
 Earnings per share, eur                                 0,08    0,06    0,09

 Diluted earnings per share, eur                         0,08    0,06    0,09
-----------------------------------------------------------------------------


 Statement of financial position, in th. of
 euros                                         31.03.2025 31.12.2024 31.03.2024
-------------------------------------------------------------------------------
 Cash and cash equivalents                        564 441    343 678    380 644

 Debt securities                                   49 536     37 751     36 460

 Loans to customers                             1 818 109  1 774 118  1 531 038

 Other assets                                      34 711     33 066     31 320
-------------------------------------------------------------------------------
 Total assets                                   2 466 796  2 188 614  1 979 461
-------------------------------------------------------------------------------
 Customer deposits and loans received           1 914 526  1 886 145  1 693 254

 Debt securities issued                           250 250          0          0

 Other liabilities                                 19 096     27 683     27 698

 Subordinated debt                                 63 363     63 148     63 239
-------------------------------------------------------------------------------
 Total liabilities                              2 247 235  1 976 977  1 784 191
-------------------------------------------------------------------------------
 Equity                                           219 561    211 637    195 270
-------------------------------------------------------------------------------
 Total liabilities and equity                   2 466 796  2 188 614  1 979 461
-------------------------------------------------------------------------------

The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting

Coop Pank will organise a webinar on 23 April 2025 at 9:00 AM, to present the
financial results of Q1 2025. For participation, please register in advance at:
https://bit.ly/CP-veebiseminar-osalemine-23042025

The webinar will be recorded and published on the company's website
www.cooppank.ee (http://www.cooppank.ee) and on the YouTube channel
(https://www.youtube.com/@cooppank).

Coop Pank, based on Estonian capital, is one of the five universal banks
operating in Estonia. The bank has 213,000 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 320 stores.

Additional information:
Paavo Truu
CFO
Phone: +372 516 0231
E-mail: [email protected] (mailto:[email protected])