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Coop Pank Interim / Quarterly Report 2020
2213_iss_2020-12-11_2180969d-5078-4638-9e24-d3f5e7fed0d3.pdf
Interim / Quarterly Report
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Coop Pank Group Unaudited financial results for November 2020
[email protected] https://www.cooppank.ee/en/investor
November: we balanced loans-to-deposits ratio
- Net profit for the month was 660 thousand euros. Year-to-date net income was +32%, expenses +16% and profit +22% comparing to 2019.
- The bank is well capitalized. Monthly return-on-equity was 8.4%.
- Loan portfolio increased by 18,5 mln euros. Portfolio has increased by 44% Y-o-Y.
- Total deposits decreased by 3 mln euros, incl. deposits from business clients grew by 7 mln euros and deposits from private clients grew by 4 mln euros. We reduced the volume of foreign deposits by 14 mln euros. Yearly growth +47%.
- Coop Pank customer base grew by 2 100 to 84 100.
| Coop Pank Group |
Month | Year-to-Date | |||||
|---|---|---|---|---|---|---|---|
| 11.20 | 10.20 | 11.20 | 11.19 | Difference | YoY | ||
| ('000 €) Net operating income |
2 796 |
2 774 |
28 126 |
21 322 |
+6 804 |
+32% | |
| Interest | 2 551 |
2 543 |
25 643 |
18 638 |
005 +7 |
+38% | |
| Service fee and commissions |
202 | 193 | 1 952 |
2 141 |
-189 | -9% | 2019. |
| Other | 43 | 38 | 531 | 543 | -12 | -2% | |
| Operating expenses |
1 600 |
1 694 |
16 804 |
14 524 |
+2 280 |
+16% | |
| Payroll expenses |
905 | 953 | 9 967 |
8 904 |
+1 064 |
+12% | |
| Other expenses |
695 | 742 | 6 837 |
5 620 |
+1 217 |
+22% | by 44% Y-o-Y. |
| Operating profit |
1 196 |
1 079 |
11 322 |
6 798 |
+4 524 |
+67% | |
| Financial impairement losses assets |
495 | 312 | 4 881 |
1 699 |
+3 182 |
+187% | |
| Profit before income tax |
701 | 767 | 6 441 |
5 099 |
+1 342 |
+26% | |
| Income tax |
41 | 29 | 208 | 0 | +208 | ||
| profit Net |
660 | 738 | 6 233 |
5 099 |
+1 134 |
+22% | |
| on equity (ROE) Return |
8.4% | 9.2% | 7.4% | 10.4% | -3.0pp | ||
| Cost / income ratio (CIR) |
57% | 61% | 60% | 68% | -8.4pp | ||
| Net interest margin (NIM) |
3.7% | 3.7% | 3.9% | 4.1% | -0.2pp | deposits by 14 mln euros. Yearly growth +47%. |
|
| Cost of financing |
0.8% | 0.8% | 0.9% | 1.0% | -0.1pp | ||
| No. of in Coop Pank ('000) customers |
84.1 | 82.0 | 84.1 | 61.9 | +22.2 | +36% | • Coop Pank customer base grew by 2 100 to 84 100. |
| Net loan portfolio (m€) |
644.7 | 626.2 | 644.7 | 447.3 | +197.3 | +44% | |
| Deposits and loans received |
746.3 | 749.2 | 746.3 | 507.2 | +239.1 | +47% | |
| Equity | 96.5 | 94.8 | 96.5 | 58.5 | +38.0 | +65% | |
| Monthly profit | Loans and deposits No. of customers in Coop Pank |
||||||
| Operating profit Net profit |
'000 € | No. of customers in Coop Pank, '000 |