Coop Pank’s financial results in
- In August, number of the bank's clients increased by 2,300 and reached 104,700 by the end of the month. Over the year, customer base has grown by 34%.
- Volume of the bank's customer deposits increased by
27 million euros , reaching920 million euros by the end of month. Deposits of corporate customers increased by 21 million and deposits of private customers by 4 million. The volume of deposits attracted from international platforms increased by2 million euros . Over the year, volume of bank deposits has grown by 34%. - The bank's loan portfolio increased by
43 million euros over the month and reached838 million euros by the end of August. Business loans increased by35 million euros , home loans by7 million euros and leasing by1 million euros . Over the year, loan portfolio has grown by 44%. - Large volume of new loans also led to making bigger impairment reserve in August, and the resulting expense in the income statement.
- Compared to the first eight months of last year, the bank's net income has increased by 26% and expenses by 19% during the same period this year.
- The bank earned net profit of
1,1 million euros in August, in the first eight months of the year the bank has earned 103% more profit than in the same period last year. - In August,
Coop Pank's return on equity was 12.4%, the cost-income ratio was 54.2%.
Comment by
"In August,
Our fast-growing loan portfolio quality has stayed at high level and shows good profitability at the same time.
In August, the bank earned net profit of
More detailed quarterly reports of
Additional information:
Kerli Lõhmus
CFO
Phone: +372 669 0902
E-mail: kerli.lohmus@cooppank.ee
Attachment
Coop Pank 2021-08_EN
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