Coop Pank AS results for May 2025

Coop Pank’s financial results in May 2025: In May, number of the bank's clients increased by 1,500 and number of active clients decreased by 800. By the end of the month number of clients reached 216,00 and number of active clients reached 102,400. Over the year, customer base has grown by 11%.  Volume of the bank's customer deposits decreased by 47 million euros in May. The reduction in deposit volume was a deliberate step, as an additional 250 million euros was raised in March through...

Tallinn, 11/06/2025 (informazione.news - comunicati stampa - economia)

Coop Pank’s financial results in May 2025:

"Although economic uncertainty remains high, the easing of inflation in the eurozone and declining interest rates in money markets are helping to improve the confidence of both businesses and consumers. Lower loan burdens, better opportunities for investment, and Coop Pank’s competitive offering resulted in solid growth of the loan portfolio in May.

At the same time, the deliberate reduction of deposits continued, driven by the successful covered bond issuance carried out in March. As a result, the bank now has access to a long-term and stable funding source, which enables a moderate decrease in the volume of more expensive term and foreign deposits.

In May, Coop Pank extended its successful Teacher’s Home Loan product from kindergarten and general education school teachers to include vocational school teachers as well. According to Kantar Emor survey results, Coop Pank is the most recommended bank in Estonia and has reached 10th place in the ranking of reputable employers. In the Responsible Business Index issued by the Kestliku Ettevõtluse Liit KELL, Coop Pank, for the first time, earned the gold-level recognition.

At the turn of the month, Coop Pank’s cooperation with Coop retail reached a new level: joint customers were offered an attractive and unique purchase reward, with the bank transferring money back to their account for purchases made in Coop stores using a Coop Pank debit card. This is the first large-scale cashback-type loyalty program in Estonia, in which customers receive 1% of their previous month’s purchase amount back in cash each month.

Strong growth in both the loan and everyday banking markets, along with efficient operations, brought Coop Pank a net profit of 2.4 million euros in May. The bank’s return on equity was 13.1% and the cost-to-income ratio stood at 50%."

More detailed financial reports of Coop Pank are available at: https://www.cooppank.ee/en/financial-reports

Additional information:
Paavo Truu
CFO
Phone: +372 5160 231
E-mail: paavo.truu@cooppank.ee

 

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