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Coop Pank AS

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549300EHNXQVOI120S55

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Majandustegevusalad

Finants- ja kindlustustegevus

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Krediidiasutus

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Eesti

Üldandmed

Kategooriad

Muud korporatiivtoimingud

Teate ID

8230

Esitamise kuupäev ja aeg

25.08.2020 09:07:34

Teate sisu eesti keeles

Pealkiri

Reitinguagentuur Moody’s kinnitas Coop Pangale investeerimisjärgu reitingu tasemel Baa2

Teade

Moody's Investors Service kinnitas AS-ile Coop Pank investeerimisjärgu tasemel
krediidireitingu stabiilse väljavaatega, mis on kindel kvaliteedimärk panga
strateegilisele positsioneeringule ning senistele tulemustele.

Coop Panga juhatuse esimehe Margus Rinki sõnul oli pangale reitingu taotlemine
teadlik samm pärast möödunud aastal toimunud aktsiate avalikku pakkumist ja
börsil noteerimist. ?Krediidireiting suurendab veelgi Coop Panga läbipaistvust
ning loob täiendavad võimalused investorite arvu ning kliendibaasi kasvuks.
Investeerimisjärgu reiting annab nüüd ka Eesti riigile ja kohalikele
omavalitsustele võimaluse tulla Coop Panga kliendiks ning hoida oma raha
kodumaises finantsasutuses," sõnas Rink.

Reitingu andmisel on Moody's põhjalikult analüüsinud Coop Panga kohustusi,
krediidiportfelli ja finantstulemusi ning leidnud, et pangal on tugev
kapitaliseeritus ja hea kasumlikkus, sealjuures võttes arvesse panga viimaste
aastate kiiret krediidiportfelli kasvu ning valitsevat ebakindlust majanduses
seoses koroonaviiruse levikuga. Samuti näeb reitinguagentuur, et panga
laenuportfell on hea kvaliteediga ja probleemsete laenude osakaal on väike.
Lisaks näeb Moody's panga ühe tugevusena koostööd Coop kaubandusketiga, mis loob
laiemaid ristturunduse võimalusi. Reitingu määramisega hindab Moody's, et Coop
Pank jätkab järgneva 12-18 kuu jooksul stabiilse tegevusega.

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 siit
(https://www.moodys.com/research/Moodys-assigns-first-time-Baa2-deposit-ratings-
to-Coop-Pank--PR_430572).

Eesti   kapitalil   põhinev   Coop   Pank   on  üks  viiest  Eestis  tegutsevast
universaalpangast.   Pangal  on  76 200 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]

Teate sisu inglise keeles

Pealkiri

The rating agency Moody's assigned Coop Pank investment-grade rating of Baa2

Teade

Moody's Investors Service assigned AS Coop Pank's investment grade credit rating
with a stable outlook, which is a definite quality mark for the bank's strategic
positioning and results so far.

According to Margus Rink, Chairman of the Management Board of Coop Pank,
applying for a rating for the bank was a next step after last year's initial
public offering of shares and listing on the Nasdaq Tallinn stock exchange. "The
credit rating further increases Coop Pank's transparency and creates additional
opportunities for the growth of the number of investors and the customer base.
The investment grade rating also gives the Estonian state and local
municipalities the opportunity to become a customer of Coop Pank and keep their
finances in a domestic financial institution," said Rink.

In the rating process, Moody's has thoroughly analysed Coop Pank's liabilities,
credit portfolio and financial performance and found the bank to have strong
capital levels and good profitability against the bank's rapid credit portfolio
growth in recent years and the prevailing economic uncertainty related to the
coronavirus. The rating agency also observes the good quality of the bank's
credit portfolio and low level of non-performing loans. In addition, Moody's
sees cooperation with the Coop retail chain as one of the strengths that
provides wider cross-marketing opportunities. By assigning a rating, Moody's
estimates that Coop Pank will maintain steady performance over the next 12-18
months.

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 here
(https://www.moodys.com/research/Moodys-assigns-first-time-Baa2-deposit-ratings-
to-Coop-Pank--PR_430572).

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 76,200. 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]