Coop Pank’s financial results in
- In April, number of the bank's clients increased by 2,400 and number of active clients increased by 1,500. By the end of the month number of clients reached 191,800 and number of active clients reached 85,900. Over the year, customer base has grown by 22%.
- Volume of the bank's customer deposits increased by
45 million euros , reaching1.74 billion euros by the end of month. Deposits of corporate customers increased by33 million euros and deposits of private customers increased by1 million euros . The volume of deposits attracted from international platforms increased by11 million euros . Over the year, volume of bank deposits has grown by 15%. - The bank's loan portfolio increased by
29 million euros and reached1.56 billion euros by the end of month. Business loans increased by13 million euros , home loans increased by11 million euros , leasing increased by2 million euros and consumer financing loan portfolio increased by2 million euros . Over the year, loan portfolio has grown by 14%. - In April, the loan impairment cost was
0.3 million euros . - Compared to the first four months of last year, the bank's net income has remained at the same level this year and expenses have increased by 23%.
- In April, the bank earned net profit of
2.8 million euros . In the first four months of the year, the bank has earned a net profit of12 million euros , that is 8% less than in the same period last year. - In April,
Coop Pank's return on equity was 18% and the cost-income ratio was 48%.
Comment by
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In April, the bank’s shareholders approved the record payment of dividends for this year at a general meeting held and in May the bank transferred a dividend of
At the end of April, together with its customers, the bank started contributing to
More detailed financial reports of
Additional information:
CFO
Phone: +372 5160 231
E-mail: paavo.truu@cooppank.ee
Attachment
Coop Pank 2024-04_EN
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