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    CPA1T   EE3100007857

COOP PANK AS

(CPA1T)
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Delayed Nasdaq Tallinn  -  05/16 08:59:41 am EDT
2.506 EUR   -1.03%
05/11Coop Pank AS results for April 2022
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05/11Coop Pank AS results for April 2022
AQ
05/03Stan Nahkor Appoints Member of Coop Pank AS Audit Committee
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Coop Pank : Resignation of a member of the Management Board of Coop Pank AS

10/26/2021 | 03:00am EDT

Coop Pank AS (the Bank) announces that Kerli Lõhmus, a member of the Management Board of the Bank, has submitted her resignation to the Supervisory Board of the Bank yesterday, i.e. 25.10.2021.

Due to the above, the term of office of Kerli Lõhmus as a member of the Management Board of the Bank expires on 24.01.2022 (incl.). In connection with this, Kerli Lõhmus will be recalled from the supervisory boards of the bank's subsidiaries Coop Finants AS, Coop Liising AS, Coop Kindlustusmaakler AS and CP Varad AS as of 24.01.2022.

Margus Rink, Chairman of the Management Board of Coop Pank, thanks Kerli Lõhmus for her great contribution to the bank's growth strategy and listing of the company in Tallinn Stock Exchange.

Kerli Lõhmus has decided to take on a new challenge and will move to the position of CFO and member of the Management Board of a financial sector company entering the Estonian market. The bank starts searching for a new member of the Management Board and CFO.

Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking has reached 108,000. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti comprising 330 stores.

Additional information:

Katre Tatrik
Communication Manager
Phone: +372 5151 859
E-mail: katre.tatrik@cooppank.ee



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Financials
Sales 2022 42,2 M 43,9 M 43,9 M
Net income 2022 15,4 M 16,0 M 16,0 M
Net Debt 2022 - - -
P/E ratio 2022 14,9x
Yield 2022 1,18%
Capitalization 231 M 240 M 240 M
Capi. / Sales 2022 5,48x
Capi. / Sales 2023 5,01x
Nbr of Employees 300
Free-Float 67,1%
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Number of Analysts 0
Last Close Price 2,53 €
Average target price 1,50 €
Spread / Average Target -40,8%
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