Coop Pank’s financial results in
- In February, number of the bank's clients increased by 2100 and number of active clients increased by 1800. By the end of the month number of clients reached 119,700. Over the year, customer base has grown by 34%.
- Volume of the bank's customer deposits increased by
30 million euros , reaching1.16 billion euros by the end of month. Deposits of corporate customers increased by 39 million and deposits of private customers by4 million euros . The volume of deposits attracted from international platforms decreased by13 million euros . Over the year, volume of bank deposits has grown by 45%. - The bank's loan portfolio increased by
27 million euros over the month and reached997 million euros by the end of February. Business loans increased by15.9 million euros , home loans increased by8.5 million euros , leasing by2 million euros and consumer financing by1 million euros . Over the year, loan portfolio has grown by 45%. - In February, the loan impairment cost was
0.1 million euros . - Compared to the first two months of last year, the bank's net income has increased by 29% and expenses by 22% during the same period this year.
- The bank earned net profit of
1.3 million euros in February. In the first two months of the year, the bank earned a net profit of2.8 million euros , that is 46% more than in the same period last year. - In February,
Coop Pank's return on equity was 14.7% and the cost-income ratio was 58.2%.
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CFO
E-mail: paavo.truu@cooppank.ee
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Coop Pank 2022_02_EN
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