Coop Pank’s financial results in
- In May, number of the bank's clients increased by 2,300 and reached 98,200 by the end of the month. Over the year, customer base has grown by 35%.
- Volume of the bank's customer deposits decreased by
10 million euros , reaching880 million euros by the end of month. Deposits of corporate customers increased by 18 million and deposits of private customers by 6 million. The volume of deposits attracted from international platforms and other financing decreased by34 million euros . Over the year, volume of bank deposits has grown by 52%. - The bank's loan portfolio increased by
27 million euros over the month and reached736 million euros by the end of May. Over the year, loan portfolio has grown by 37%. - Compared to the first five months of last year, the bank's net income has increased by 24% and expenses by 19% during the same period this year.
- The bank earned net profit of
1 million euros in May, in the first five months of the year the bank has earned 117% more profit than in the same period last year. - In May,
Coop Pank's return on equity was 11.8%, the cost-income ratio was 56.1%.
Comment by
"In May,
According to our expectation, the domestic deposits inflow continued – in May, local companies and individuals brought us a total of
In May, 2,300 new customers joined us, and although at the time of we entered the stock exchange, we promised to gain 100,000 customers by the end of 2022, we will cross this milestone much earlier. As of the end of May, the bank has 98,200 customers.”
More detailed quarterly reports of
Additional information:
Kerli Lõhmus
CFO
Phone: +372 669 0902
E-mail: kerli.lohmus@cooppank.ee
Attachment
Coop Pank 2021-05_EN
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