Coop Pank — Earnings Release 2026

Mar 11, 2026

Coop Pank AS results for February 2026

Coop Pank AS results for February 2026

Coop Pank's financial results in February 2026:

* In February, number of the bank's clients increased by 1,400 and number of
active clients increased by 1000. By the end of the month number of clients
reached 229,800 and number of active clients reached 108,800. Over the year,
customer base has grown by 9%.
* Volume of the bank's customer deposits increased by 55 million euros,
reaching 2.13 billion euros by the end of month. Deposits of corporate
customers increased by 11 million and deposits of private customers
increased by 5 million euros. The volume of deposits attracted from
international platforms increased by 39 million euros. Over the year, volume
of bank deposits increased by 11%.
* The bank's loan portfolio increased by 6 million euros over the month and
reached 2.13 billion euros by the end of February. Home loans portfolio
increased by 5 million euros, corporate loans portfolio increased by 4
million euros, consumer financing portfolio remained stable and leasing
portfolio decreased by 3 million euros. Over the year, loan portfolio
increased by 19%.
* In February, the loan impairment cost was 0.3 million euros.
* Compared to the first two of last year, the bank's net income has increased
by 8% and expenses have increased by 13% during the same period this year.
* The bank earned net profit of 2.9 million euros in February, which is 16%
more than in the same period last year.
* In February, Coop Pank's return on equity was 16.0% and the cost-income
ratio was 56%.

Comment by Arko Kurtmann, Chairman of the Management Board of Coop Pank:

"In February, the quality of the bank's loan portfolio remained strong and loan
loss provisions remained low, while part of the previously made provisions was
released.

Low loan loss provisions, low income tax expenses and overall growth in business
volumes resulted in a solid net profit for the bank of 2.9 million euros in
February, an increase of 16% compared with the same period last year. Coop
Pank's return on equity in February was 16.0% and the cost-to-income ratio was
56%.

In February, the updated joint loyalty programme of Coop Pank and Coop was
launched: starting from March, nearly 700,000 Säästukaart and Säästukaart Pluss
users will be able to apply for the new Coop Pluss credit card, which offers an
interest-free period of up to 70 days and a credit limit of up to 2,000 euros.

At the end of the month, the bank raised 5.0 million euros in subordinated debt
from the European Energy Efficiency Fund, which qualifies as Tier 2 capital and
strengthens the bank's capital position.

In February, the Supervisory Board of Coop Pank also approved a new subordinated
bond programme, under which preparations for the issuance are currently
underway. The public offering of the first series of bonds under the programme
is planned to take place in March or April of this year."

More detailed quarterly reports of Coop Pank are available at:
https://www.cooppank.ee/en/financial-reports

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 229,800. 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 5160 231
E-mail: [email protected] (mailto:[email protected])