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Coop Pank Interim / Quarterly Report 2021

Sep 10, 2021

Interim / Quarterly Report

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[email protected] https://www.cooppank.ee/en/investor

Net profit for the month was 1 116 thousand euros. Year-to-date net income was +26%, expenses +19% and profit +103% comparing to 2020.
The bank is well capitalized. Year-to-date return-on-equity is 12%.
Loan portfolio increased by 43 mln euros, including business loans by 35 mln euros, home loans by 7 mln euros, leasing by 1 mln euros. Portfolio has increased by 44% Y-o-Y.
Total deposits increased by 27 mln euros. Deposits from business clients grew by 21 mln euros and deposits from private clients grew by 4 mln euros. Volume of foreign deposits increased by 2 mln euros. Yearly growth +34%.
Coop Pank customer base grew by 2 300 to 104 700.

* Coop Pank customer – a customer holding at least one opened bank account

Coop Pank Group	Month		Year-to-Date
	08.21	07.21	08.21	08.20	Difference	YoY
('000 €) Net operating income	3 474	3 377	25 086	19 901	+5 184	+26%
Interest	3 161	3 061	22 590	18 120	+4 470	+25%
Service fee and commissions	264	222	1 917	1 376	+541	+39%
Other	50	93	578	405	+173	+43%
Operating expenses	1 884	1 936	14 279	12 008	+2 271	+19%
Payroll expenses	1 093	1 165	8 203	7 198	+1 005	+14%
Other expenses	790	770	6 075	4 810	+1 266	+26%
Operating profit	1 591	1 441	10 807	7 893	+2 913	+37%
Financial impairement losses assets	401	43	1 968	3 721	-1 753	-47%
Profit before income tax	1 190	1 398	8 839	4 173	+4 666	+112%
Income tax	74	71	529	88	+441
Net profit	1 116	1 327	8 310	4 085	+4 225	+103%

(ROE) Return on equity	12.4%	14.9%	12.3%	6.7%	+5.6pp
Cost / income ratio (CIR)	54%	57%	57%	60%	-3.4pp
Net interest margin (NIM)	3.6%	3.6%	3.6%	4.0%	-0.4pp
Cost of financing	0.7%	0.7%	0.8%	0.9%	-0.1pp
No. of in Coop Pank ('000) customers	104.7	102.3	104.7	78.0	+26.6	+34%

portfolio (m€) Net loan	837.5	794.4	837.5	583.0	+254.5	+44%
Deposits received and loans	920.1	893.2	920.1	684.5	+235.6	+34%
Equity	106.4	105.3	106.4	93.5	+12.9	+14%