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Coop Pank Interim / Quarterly Report 2021

Sep 10, 2021

2213_iss_2021-09-10_1b82e94d-7cb0-43c3-9a8a-5bac131f89de.pdf

Interim / Quarterly Report

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Coop Pank Group Unaudited financial results for August 2021

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

August: big loan volume growth

  • 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%

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