Coop Pank — Interim / Quarterly Report 2021

Jul 21, 2021

Coop Pank Group Unaudited financial results for June 2021

kerli.lohmus@cooppank.ee https://www.cooppank.ee/en/investor

June: 100 thousand clients – target reached

• Net profit for the month was 1 146 thousand euros. Year-to-date net income was +25%, expenses +19% and profit +108% comparing to 2020.
• The bank is well capitalized. Year-to-dae return-on-equity is 12%.
• Loan portfolio increased by 36 mln euros. Portfolio has increased by 38% Y-o-Y.
• Total deposits increased by 12 mln euros. Deposits from business clients grew by 17 mln euros and deposits from private clients grew by 5 mln euros. Volume of foreign deposits decreased by 10 mln euros. Yearly growth +45%.
• Coop Pank customer base grew by 2 100 to 100 200.

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

Coop Pank Group	Month		Year-to-Date
	06.21	05.21	06.21	06.20	Difference YoY
('000 €) Net operating income	3 266	3 076	18 234	14 582	+3 653	+25%
Interest	2 851	2 814	16 368	13 210	+3 158	+24%
Service fee and commissions	254	249	1 431	998	+433	+43%
Other	161	13	435	373	+61	+16%
Operating expenses	1 836	1 727	10 459	8 797	+1 663	+19%
Payroll expenses	1 147	962	944 5	265 5	+679	+13%
Other expenses	689	765	4 515	3 532	+983	+28%
Operating profit	1 430	1 349	775 7	5 785	+1 990	+34%
Financial impairement losses assets	208	250	1 524	2 935	-1 411	-48%
Profit before income tax	1 222	1 099	6 251	2 850	+3 401	+119%
Income tax	76	77	384	26	+358
Net profit	1 146	1 022	5 867	2 823	+3 043	+108%
(ROE) Return on equity	13.5%	11.8%	11.8%	6.3%	+5.5pp
Cost / income ratio (CIR)	56%	56%	57%	60%	-3.0pp
interest margin (NIM) Net	3.5%	3.3%	3.5%	4.1%	-0.5pp
Cost of financing	0.8%	0.8%	0.8%	1.0%	-0.2pp
No. of in Coop Pank ('000) customers	100.2	98.2	100.2	74.5	+25.7	+34%
portfolio (m€) Net loan	772.5	736.3	772.5	559.3	+213.2	+38%
Deposits and loans received	891.4	879.6	891.4	615.2	+276.2	+45%
Equity	103.9	102.8	103.9	92.2	+11.7	+13%