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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

Emitendi registreeritud asukoht

Eesti

Üldandmed

Kategooriad

Muud korporatiivtoimingud

Teate ID

7764

Esitamise kuupäev ja aeg

11.02.2020 08:00:00

Teate sisu eesti keeles

Pealkiri

Coop Pank 2019. aasta IV kvartali ja 12 kuu auditeerimata majandustulemused

Teade

Coop  Pank kasvatas 2019. aastal  kolmandat tegutsemisaastat järjest ärimahtusid
40%.

Coop  Panga  laenuportfell  kasvas  2019. aastal  460 miljoni  euroni,  kasvades
aastaga  131 miljoni euro  võrra ehk  40%. Äriliinidest näitasid  suurimat kasvu
autoliising  ja  ärilaenud,  kasvatades  portfelli  mahtu vastavalt 60% ja 50%.
Kodulaenu  portfell  kasvas  aastaga  29% ning tarbimis-finantseerimise portfell
25%. Panga  laenude  turuosa  oli  2019. aasta  lõpus 2,3%, tõustes aastaga 0,6
protsendipunkti võrra.

Laenuportfelli   kvaliteet   püsis  kõrge.  Tulevaste  võimalike  laenukahjumite
katmiseks tehti 2019. aastal eraldisi sünkroonis laenuportfelli kasvuga ehk 39%
enam kui 2018. aastal.

2019. aasta  lõpu  seisuga  ulatus  Coop  Panga hoiuste maht 507 miljoni euroni,
kasvades  aastaga 122 miljoni euro võrra  ehk 32%. Tähtajalised hoiused kasvasid
aastaga  34% ja nõudmiseni hoiused 26%. Panga finantseerimiskulu tõusis eelnevat
arvesse võttes 0,8% tasemelt 1%. Panga hoiuste turuosa kasvas 2,2% pealt 2,6%.

Coop  Panga kasum ulatus 2019. aastal 5,5 miljoni euroni, kasvades aastaga 16%.
Panga   tulud   kasvasid   aastaga   20%. Suurima  panuse  tulude  kasvu  andsid
netointressitulud, mis aastaga suurenesid 23% võrra. Teenustasude tulud kasvasid
aastaga 3% võrra. Panga tegevuskulud kasvasid aastaga samuti 20% võrra. Suurimat
mõju  omas infotehnoloogia-kulude  kasv, mis  aasta varasemaga  võrreldes tõusis
53% võrra ning  personalikulude kasv, mis tõusis 21% võrra.

Panga  omakapitali tootlus oli 10% juures ning  kulude ja tulude suhe püsis 69%
tasemel.

IV kvartali tulemused
2019. aasta IV kvartal oli Coop Panga jaoks nii klientide arvu kui ka ärimahtude
kasvu  osas  rekordiline.  Klientide  arv  kasvas  kvartaliga 7500 võrra, jõudes
63 800 kliendini,  panga neto laenuportfell kasvas  42 miljoni euro võrra jõudes
460 miljoni  euroni  ning  hoiuste  maht  kasvas 29 miljonit eurot, tõustes 507
miljoni euroni.

Pank teenis 2019. aasta neljandas kvartalis 1,58 miljonit eurot puhaskasumit.

Coop Panga juhatuse esimehe Margus Rinki kommentaar tulemustele:
?2019.  aasta  oli  Coop  Panga  jaoks  edukas,  täitsime kõik endale püstitatud
eesmärgid.  Suutsime kolmandat tegutsemisaastat  järjest suurendada tegevusmahte
40% ning  samal  ajal  kasvatada   kasumit.  Tulemused  näitavad, et kolm aastat
tagasi välja töötatud eristuv strateegia on osutunud edukaks.

Coop  Panga klientide arvu kasv on aasta-aastalt kiirenenud. Panga klientide arv
ulatus  2019. aasta  lõpu  seisuga  63 800 kliendini,  kasvades  aastaga 18 700
kliendi  võrra  ehk  41% (võrdluseks  kasv 2018.a +9000 klienti ja 2017.a +4600
klienti).  Eraklientide arv kasvas 2019. aastal 17 100 ja äriklientide arv 1600
kliendi võrra.

Möödunud  aasta kõige  olulisemad uuendused  kliendi väärtuspakkumise  osas tõid
meie  klientidele välkkiired  pankadevahelised maksed,  eraklientidele võimaluse
teenida  arvelduskonto  jäägilt  kuni  1% intressi  aastas  ning  äriklientidele
nõudmiseni hoiuselt kuni 0,25% intressi aastas.

Koostöös  Eesti suurima jaekaubandusketiga Coop, hakkas Coop Pank möödunud aasta
suvel  pakkuma era-  ja äriklientidele  uuenduslikku sularaha sissemakse teenust
Coopi  kaupluste kassades.  Panga kliendid  saavad nüüd  teha sularaha sisse- ja
väljamakseid  kokku rohkem kui 300 Coopi  kaupluses üle Eesti. Novembris viisime
Coop   Panga   deebetkaardi  kliendid  Coopi  kliendiprogrammi  kõige  kõrgemale
tasemele,  mis annab neile  panga deebetkaardiga makstes  Coopi kauplustes kõige
soodsamad hinnad ning ostudelt koguneb 10% rohkem boonuspunkte.

Sügisel alustasime Coopi kauplustes autoliisingu pakkumistega, kus klientidel on
võimalik    teha    tutvust    uute    sõiduautode    mudelitega    ja   tutvuda
liisingutingimustega ning esitada kohe ka eeltäidetud liisingutaotlus.

2019. augustis  asutasime Coop  Kindlustusmaakleri, et  pakkuda oma kodulaenu ja
autoliisingu    klientidele   nende   vajadustele   kõige   paremini   vastavaid
kindlustuslahendusi.

Coop  Panga kasvustrateegia finantseerimiseks emiteeris pank 2019. aasta kevadel
kahe  miljoni euro  väärtuses allutatud  võlakirju LHV Pensionifondidele. Juunis
otsustasid  panga omanikud  suurendada panga  aktsiakapitali nelja  miljoni euro
võrra.  Möödunud  aasta  novembris  toimunud  Coop Panga aktsiate esmase avaliku
pakkumisega  kaasas pank  31 miljonit eurot  ning 10. detsembril noteeriti panga
aktsiad Nasdaq Tallinna börsil.

Coop  Pangal on  31.12.2019 seisuga 11 273 aktsionäri.  Võrreldes panga aktsiate
esmases  avalikus  pakkumises  osalenud  aktsionäride  arvuga on lisandunud 421
aktsionäri.

Meie  soov on olla klientidele lähedal, pakkuda uudseid ning teistest eristuvaid
pangatooteid  ja -teenuseid. Jätkame jaekaubanduse ja panganduse integratsioonil
põhineva  eristuva  strateegia  elluviimist  ja  tegutseme selle nimel, et täita
aktsionäridele antud lubadused aastateks 2020-2022."

 Kasumiaruanne, tuhandetes eurodes        IV kv 2019    2019 IV kv 2018    2018
-------------------------------------------------------------------------------
 Neto intressitulu                             5 819  20 689      4 983  16 779

 Neto teenustasutulu                             675   2 372        463   2 302

 Muud tulud, neto                                262     658        125     687
-------------------------------------------------------------------------------
 Netotulud kokku                               6 756  23 719      5 571  19 768
-------------------------------------------------------------------------------
 Tööjõukulud                                  -2 710  -9 880     -2 131  -8 177

 Turunduskulud                                  -317  -1 006       -268  -1 122

 IT kulud ja immateriaalse põhivara kulum       -444  -1 501       -272    -982

 Rendi- ja kontorikulud, materiaalse
 põhivara kulum                                 -550  -1 931       -459  -1 673

 Muud tegevuskulud                              -614  -1 943       -463  -1 647
-------------------------------------------------------------------------------
 Tegevuskulud kokku                           -4 635 -16 261     -3 593 -13 601
-------------------------------------------------------------------------------
 Kasum enne laenude allahindluse kulu          2 121   7 458      1 978   6 167

 Laenude allahindluse kulu                      -538  -1 931       -313  -1 392

 Kasum/kahjum enne tulumaksu                   1 583   5 527      1 665   4 775

 Tulumaksu kulu                                    0       0        -22     -22
-------------------------------------------------------------------------------
 Aruandeperioodi puhaskasum                    1 583   5 527      1 643   4 753
-------------------------------------------------------------------------------
 Tava ja lahustatud puhaskasum aktsia
 kohta                                          0,02    0,09       0,03    0,08


  Bilanss, tuhandetes eurodes              31.12.2019       31.12.2018
-----------------------------------------------------------------------
  Raha ja raha ekvivalendid                   122 295           88 030

  Võlainstrumendid                              4 061            9 130

  Laenud klientidele                          460 460          328 723

  Muud varad                                   24 486           20 395
-----------------------------------------------------------------------
  Varad kokku                                 611 302          446 278
-----------------------------------------------------------------------
  Klientide hoiused ja saadud laenud          506 531          385 118

  Muud kohustised                               8 356            6 971

  Allutatud laenud                              7 064            5 026
-----------------------------------------------------------------------
  Kohustised kokku                            521 951          397 115
-----------------------------------------------------------------------
  Omakapital                                   89 351           49 163
-----------------------------------------------------------------------
  Kohustised ja omakapital kokku              611 302          446 278
-----------------------------------------------------------------------

Coop Panga aruanded on saadaval aadressil: https://www.cooppank.ee/aruandlus

Coop Pank korraldab majandustulemuste tutvustamiseks veebiseminari 11.
veebruaril 2020. kell 10.00. Osalemiseks palume eelnevalt registreeruda
aadressil: https://attendee.gotowebinar.com/register/2435602278496533004
Veebiseminar lindistatakse 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  65 700 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 340 kauplust.

Lisainfo:
Kerli Lõhmus
Finantsjuht
Telefon: +372 669 0902
E-post: [email protected] (mailto:[email protected])

Teate sisu inglise keeles

Pealkiri

Unaudited financial results of Coop Pank for Q4 and 12 months of 2019

Teade

Coop Pank increased its business volumes by 40% for the third consecutive year.

Coop  Pank's loan portfolio reached EUR  460 million in 2019 having increased by
EUR  131 million or 40% over  the year. Car  leasing and business loans business
lines  showed the highest  growth, increasing their  portfolios by 60% and 50%,
respectively.  Home loan portfolio showed the 29% and consumer finance portfolio
25% annual  growth. The market share of the  bank's loans was 2.3% at the end of
2019, showing the annual increase by 0.6 pp.

The quality of the loan portfolio remained high. In 2019, the provisions made on
loan  portfolios to account for potential future credit losses were made in sync
with the growth of the loan portfolio, i.e. 39% more than in 2018.

As  at the  end of  2019, Coop Pank's  deposits totalled EUR 507 million, having
increased  by EUR 122 million  or 32% over the  year. Term deposits increased by
34% and demand deposits by 26%. Considering the above, the bank's financing cost
increased  from 0.8% to  1%. The market  share of  the bank's deposits grew from
2.2% to 2.6%.

In  2019, the profit of Coop Pank reached  EUR 5.5 million, having grown by 16%
over  the year. The annual  increase of bank's income  was 20%. The net interest
income served as the biggest contributor to the increase of income with its 23%
annual  growth.  Fee  and  commission  income  increased by 3% year on year. The
annual  increase of bank's  operating expenses was  20%. The biggest impact here
was  the increase in IT expense,  which grew by 53% year on  year, as well as by
payroll expense with the 21% increase.

The  bank's return on equity was at 10% and the cost-to-income ratio remained at
69%.

Results for Q4
The  fourth quarter of 2019 was  record-breaking for Coop Pank  in terms of both
number  of  customers  and  growth  in  business  volumes. The number of clients
increased  by 7,500 over the quarter,  reaching 63,800 customers, the bank's net
loan  portfolio increased  by EUR  42 million reaching  EUR 460 million, and the
volume  of deposits increased by EUR 29 million,  reaching the total of EUR 507
million.

In Q4 of 2019 the bank earned the net profit of EUR 1.58 million.

Margus  Rink,  Chairman  of  the  Management  Board  of  Coop Pank, comments the
results:
?2019  was a successful  year for Coop  Pank, we met  all the set goals. For the
third  year in a row, we were able to increase our business volumes by 40% while
increasing our profits. The results show that the distinctive strategy developed
three years ago has proved successful.

The  growth of the number of Coop Pank  clients has accelerated year by year. At
the  end of 2019, the  bank's customer base  reached 63,800, having increased by
18,700 or  41% over the year  (in comparison, the  growth of 2018 was +9,000 and
+4600 in  2017). The number of  private clients increased  by 17,100 in 2019 and
the number of business customers by 1,600.

Last  year's  most  significant  updates  in  client  value proposition were the
instant  interbank  payments,  the  opportunity  to  earn up to 1% pa on current
account  balances for private clients and up  to 0.25% pa on demand deposits for
corporate clients.

In  cooperation with Coop, Estonia's largest retail chain, Coop Pank launched an
innovative  cash deposit  service for  retail and  corporate customers at Coop's
cash  desks  last  summer.  Bank  customers  can  now  make  cash  deposits  and
withdrawals  at  more  than  300 Coop  stores  across  Estonia.  In November, we
upgraded Coop Pank's debit card customers to the highest level of Coop's loyalty
programme,  offering  the  best  prices  and  earning  10% extra bonus points on
purchases when paying with bank's debit card at Coop stores.

In  the autumn,  we started  offering car  leasing at  Coop stores, allowing the
clients  to familiarize  themselves with  new passenger  car models  and leasing
terms, and immediately submit a pre-established leasing application.

In  August  2019, we  founded  Coop  Kindlustusmaakler  (insurance  broker)  for
providing  our home loan  and leasing clients  with the insurance solutions that
best suit their needs.

To  support the growth strategy of Coop Pank, the bank issued subordinated bonds
worth  EUR 2 million to LHV  Pension Funds. In June  the shareholders decided to
increase  bank's  share  capital  by  EUR  4 million.  During the initial public
offering of Coop Pank shares in last November the bank raised EUR 31 million and
on  10 December the shares of  the bank were listed  on the Nasdaq Tallinn Stock
Exchange.

As at 31.12.2019, Coop Pank has 11,273 shareholders. The number of shareholders,
compared  to  the  participants  in  the  bank's  initial  public  offering, has
increased by 421.

We want to be close to our customers, to provide innovative and very distinctive
banking  products and services.  We will continue  to implement a differentiated
strategy  based on the integration of banking and retailing, and work to deliver
the promises to our shareholders for 2020-2022."

 Income statement, EUR thousand                 Q4 2019    2019 Q4 2018    2018
-------------------------------------------------------------------------------
 Net interest income                              5 819  20 689   4 983  16 779

 Net fee and commission income                      675   2 372     463   2 302

 Other net income                                   262     658     125     687
-------------------------------------------------------------------------------
 Total net income                                 6 756  23 719   5 571  19 768
-------------------------------------------------------------------------------
 Payroll expense                                 -2 710  -9 880  -2 131  -8 177

 Marketing expense                                 -317  -1 006    -268  -1 122

 IT expense and depreciation of intangible
 assets                                            -444  -1 501    -272    -982

 Rental and office expense, depreciation of
 property, plant and equipment                     -550  -1 931    -459  -1 673

 Other operating expense                           -614  -1 943    -463  -1 647
-------------------------------------------------------------------------------
 Total operating expense                         -4 635 -16 261  -3 593 -13 601
-------------------------------------------------------------------------------
 Net profit before impairment losses on loans
 and advances                                     2 121   7 458   1 978   6 167

 Impairment losses on loans and advances           -538  -1 931    -313  -1 392

 Profit/loss before income tax                    1 583   5 527   1 665   4 775

 Income tax                                           0       0     -22     -22
-------------------------------------------------------------------------------
 Net profit for the reporting period              1 583   5 527   1 643   4 753
-------------------------------------------------------------------------------
 Basic and diluted earnings per share              0,02    0,09    0,03    0,08


  Balance sheet, EUR thousand                31.12.2019       31.12.2018
-------------------------------------------------------------------------
  Cash and cash equivalents                     122 295           88 030

  Debt securities                                 4 061            9 130

  Loans to customers                            460 460          328 723

  Other assets                                   24 486           20 395
-------------------------------------------------------------------------
  Total assets                                  611 302          446 278
-------------------------------------------------------------------------
  Customer deposits and loans received          506 531          385 118

  Other liabilities                               8 356            6 971

  Subordinated debt                               7 064            5 026
-------------------------------------------------------------------------
  Total liabilities                             521 951          397 115
-------------------------------------------------------------------------
  Shareholder's equity                           89 351           49 163
-------------------------------------------------------------------------
  Total liabilities and equity                  611 302          446 278
-------------------------------------------------------------------------

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

Coop Pank will hold an Investor Webinar to introduce the results of the year
2019. Webinar is scheduled on 11(th) of February 2020 at 10 am (EET). The
webinar will be held in Estonian. To join the webinar, you need to register in
advance via following link:
https://attendee.gotowebinar.com/register/2435602278496533004
(https://www.globenewswire.com/Tracker?data=uik7CwAe1jeMZmnI8c67vsS8jyBT7_lVCnTd
gUaodBGhfzDpOIiSsaYpPI92k-64-sGI3pEvcoR19Hr9I-
_gmFF77WQTF2NKnOqK5ktcHNphGeoqU4z753Aqt5Itoc2nHBTwgFIxt3qIx7oi76ys1waoC_mXkEUxC7
ZyONDnsaMjvVJPnx6_K64n84LdcpWgkI9tdO7YdZXFVIwFyzHR-Q==)

The  webinar will  be recorded  and available  online for  everyone on Coop Pank
webpage                                                          www.cooppank.ee
(https://www.globenewswire.com/Tracker?data=ysaYE2aduEcKrKAVh7DYM6LiE28UTJqD7xkd
SPeY2t-8glSNNf3zmGgGz59--m-ZGdW8mZfR_aEVv-L5dz38qQ==) and      Nasdaq     Baltic
youtube.com account.

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  65,700. 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 340 stores.

Additional information:
Kerli Lõhmus
CFO
Phone: +372 669 0902
E-mail: [email protected] (mailto:[email protected])