Coop Pank’s financial results in
- In May, number of the bank's clients increased by 2900 and number of active clients increased by 1700. By the end of the month number of clients reached 128,300 and number of active clients reached 55,400. Over the year, customer base has grown by 31%.
- Volume of the bank's customer deposits increased by
28 million euros , reaching1.19 billion euros by the end of month. Deposits of corporate customers increased by 25 million and deposits of private customers remained at the same level as in April. The volume of deposits attracted from international platforms increased by4 million euros . Over the year, volume of bank deposits has grown by 36%. - The bank's loan portfolio increased by
38 million euros over the month and reached1.1 billion euros by the end of month. Home loans increased by16 million euros , business loans increased by16 million euros , leasing by4 million euros and consumer financing by2 million euros . Over the year, loan portfolio has grown by 50%. - In May, the loan impairment cost was
0.17 million euros . - Compared to the first five months of last year, the bank's net income has increased by 33% and expenses by 22% during the same period this year.
- The bank earned net profit of
1.9 million euros in May. In the first five months of the year, the bank earned a net profit of6.9 million euros , that is 45% more than in the same period last year. - In May,
Coop Pank's return on equity was 19.1% and the cost-income ratio was 50.5%.
Comment by
"The world economy is facing a number of challenges, the effects of that also extend to
In May,
Coop Pank’s financial reports are available at: https://www.cooppank.ee/en/financial-reports
Additional information:
CFO
Phone: +372 5160 231
E-mail: paavo.truu@cooppank.ee
Attachment
Coop Pank 2022-05_EN
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