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Coop Pank Earnings Release 2021
2213_iss_2021-02-12_8005576f-e391-4816-9824-b6b20da02986.pdf
Earnings Release
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Coop Pank Group Unaudited financial results for January 2021
[email protected] https://www.cooppank.ee/en/investor
January: strong profit for the month
- Net profit for the month was 1 070 thousand euros. Year-to-date net income was +28%, expenses +8% and profit +89% comparing to 2020.
- The bank is well capitalized. Monthly return-on-equity was 12.8%.
- Loan portfolio increased by 7 mln euros. Portfolio has increased by 42% Y-o-Y.
- Total deposits increased by 15 mln euros, incl. deposits from business clients grew by 12 mln euros and deposits from private clients grew by 5 mln euros. Volume of foreign deposits decreased by 2 mln euros. Yearly growth +55%.
- Coop Pank customer base grew by 2 300 to 89 000.
| Coop Pank Group |
Month | Year-to-Date | ||||||
|---|---|---|---|---|---|---|---|---|
| 01.21 | 12.20 | 01.21 | 01.20 | Difference | YoY | |||
| ('000 €) Net operating income Interest Service fee and commissions Other Operating expenses Payroll expenses Other expenses Operating profit Financial impairement losses assets Profit before income tax |
3 014 2 737 228 49 1 640 967 673 1 374 216 1 158 |
2 947 2 711 145 90 1 975 1 118 857 972 -92 1 064 |
3 014 2 737 228 49 1 640 967 673 1 374 216 1 158 |
2 355 2 102 177 76 1 516 954 562 840 274 566 |
+658 +634 +51 -27 +124 +13 +111 +534 -58 +592 |
+28% +30% +29% -36% +8% +1% +20% +64% -21% +105% |
to 2020. 42% Y-o-Y. by 2 mln euros. Yearly growth +55%. • Coop Pank customer base grew by 2 300 to 89 |
|
| Income tax Net profit on equity (ROE) Return Cost / income ratio (CIR) interest margin (NIM) Net Cost of financing of in Coop ('000) No. Pank customers |
88 1 070 12.8% 54% 3.7% 0.8% 89.0 |
37 1 027 12.5% 67% 3.8% 0.8% 86.7 |
88 1 070 12.8% 54% 3.7% 0.8% 89.0 |
0 566 7.5% 64% 4.2% 1.0% 65.7 |
+88 +504 +5.4pp -9.9pp -0.5pp -0.3pp +23.3 |
+89% +35% |
||
| Net loan portfolio (m€) Deposits received and loans Equity |
677.4 773.5 98.7 |
670.6 757.8 97.6 |
677.4 773.5 98.7 |
475.6 497.9 89.9 |
+201.8 +275.5 +8.7 |
+42% +55% +10% |
||
| Monthly profit | Loans and deposits No. of customers in Coop Pank |
|||||||
| Operating profit Net profit |
'000 € | No. of customers in Coop Pank, '000 |