Tallinn - Delayed Quote • EUR Coop Pank AS (CPA1T.TL) Follow Compare 2.0000 -0.0150 (-0.74%) At close: January 10 at 3:59:30 PM GMT+2 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Moody’s affirms Coop Pank’s ratings and changes outlook to positive The rating agency Moody’s Ratings affirmed Coop Pank’s Credit rating and raised outlook to positive. Long- and short-term deposit rating remained on the level of Baa2 and outlook changed to positive, from stable. According to Paavo Truu, CFO of Coop Pank, the affirmation of the credit rating at the current level confirms that the bank is trustworthy with solid capital base and high quality of the loan portfolio even in difficult times and has shown good profitability. “The affirmation of the rat Coop Pank AS results for November 2024 Coop Pank’s financial results in November 2024: In November, number of the bank's clients increased by 2,000 and number of active clients increased by 1,600. By the end of the month number of clients reached 206,000 and number of active clients reached 98,400. Over the year, customer base has grown by 14%.Volume of the bank's customer deposits decreased by 37 million euros, reaching 1.84 billion euros by the end of month. Deposits of corporate customers decreased by 43 million euros and deposits Finantsinspektsioon confirmed the capital requirements and guidance of Coop Pank AS at the current level Finantsinspektsioon has carried out annual Supervisory Review and Evaluation Process (SREP) and with its decision of 02.12.2024, confirmed the Pillar 2 capital requirement and guidance of Coop Pank AS at the current levels. According to the decision of Finantsinspektsioon, the Pillar 2 requirement of 2.75% and the Pillar 2 guidance of 1.50% of the total risk position apply to Coop Pank AS from 01.01.2025. On 28.11.2024, Eesti Pank designated Coop Pank AS as a systemically important credit instit Eesti Pank designated Coop Pank AS among systemically important credit institutions With its decision of 28.11.2024, Eesti Pank designated Coop Pank AS among systemically important credit institutions. Eesti Pank justifies its decision as follows: "The significance of Coop Pank AS in the Estonian financial system has grown steadily in recent years. In particular, the bank has increased its market share, in loans issued to Estonian households and companies, as well as in deposits received from them. For both indicators, the bank's market share was over 5% at the end of 2023." Coop Pank AS received an additional license for issuing covered bonds On the proposal of Estonian Financial Supervision Authority, the European Central Bank granted to Coop Pank AS an additional activity license enabling the issuance of covered bonds. The additional activity license obtained is a necessary prerequisite for the issuance of covered bonds. The actual issuance, including the timing, volume, and other conditions, will be decided by the bank based on market conditions and the bank's financing needs. According to initial forecasts, the first issuance is Coop Pank AS results for October 2024 Coop Pank’s financial results in October 2024: In October, number of the bank's clients increased by 2,400 and number of active clients increased by 1,100. By the end of the month number of clients reached 203,900 and number of active clients reached 91,200. Over the year, customer base has grown by 15%.Volume of the bank's customer deposits increased by 47 million euros, reaching 1.88 billion euros by the end of month. Deposits of corporate customers increased by 14 million euros and deposits o Coop Pank held an investor webinar to introduce unaudited results of Q3 2024 On Friday, 18 October 2024 at 9 am (EET), Coop Pank held an investor webinar, where the Chairman of the Board Margus Rink and the Chief Financial Officer Paavo Truu introduced the bank’s unaudited financial results of Third Quarter of 2024. Webinar was held in Estonian language. Coop Pank would like to thank all participants. Webinar recording is available here: https://youtu.be/8ScQcyf0AAo Coop Pank’s report for unaudited results of Q3 2024 and the presentation is available here: https://view.n Coop Pank unaudited financial results for Q3 2024 By the end of the Q3 2024, Coop Pank had 202,000 customers, increased by 6,000 customers in the quarter (+3%) and by 27,000 in the year (+15%). The bank had 90,100 active customers, increased by 600 (+1%) in the quarter and by 12,700 (+16%) in the year. In Q3 2024, volume of deposits in Coop Pank increased by 99 million euros (+6%), reaching total of 1.84 billion euros. Deposits from private clients increased by 9 million euros: demand deposits increased by 3 million euros and term deposits incr Coop Pank extends authorities of Paavo Truu as Member of the Management Board of Coop Pank AS On 16 October 2024, the Supervisory Board of Coop Pank AS decided to extend the term of office of Paavo Truu, Member of the Management Board of Coop Pank AS, for a new 3-year term, i.e. from the end of the current term until 14 February 2028. At the same time, Paavo Truu's powers as a member of the supervisory board of Coop Pank AS subsidiaries Coop Liising AS and Coop Kindlustusmaakler AS were extended. From February 2022, Paavo Truu is a member of the Management Board and the CFO at Coop Pank Coop Pank AS will hold an investor webinar to introduce the results for the Q3 2024 Coop Pank invites shareholders, investors, analysts and other stakeholders to join its investor webinar, scheduled on 18 October 2024 at 9 am (EET). The webinar will be held in Estonian. The webinar will be hosted by the Chairman of the Board Margus Rink and the Chief Financial Officer Paavo Truu, who present the unaudited financial results of the Third Quarter of 2024. During the webinar all attendees can ask questions. All questions will be answered after the presentation. To join the webinar, 2025 Financial Calendar of AS Coop Pank AS Coop Pank has decided the company’s Financial Calendar for the 2025 financial year. In 2025 Coop Pank plans to disclose information and organize the general meeting of shareholders according to the following schedule: 13.02.2025 Q4 2024 and unaudited full year results 14.02.2025 January results12.03.2025 February results19.03.2025 Audited Annual Report for 202416.04.2025 General meeting of shareholders23.04.2025 Q1 interim results13.05.2025 April results11.06.2025 May results18.07.2025 Q2 int Changes in the Management Board of Coop Liising AS The Supervisory Council of Coop Liising AS, a subsidiary of Coop Pank AS, decided today, 08.10.2024, to elect Janek Rüütalu as a new member of the board of Coop Liising AS. Rüütalu's mandate begins on 13.10.2024 and lasts for 3 years until 12.10.2027. The powers of Erki Hiiuväin, the current board member of Coop Liising AS, expire as of 12.10.2024. Janek Rüütalu has worked as a leasing workout specialist and leasing credit risk analyst at DNB Pank AS in 2007–2017, and as a product and business d Coop Pank AS results for August 2024 Coop Pank’s financial results in August 2024: In August, number of the bank's clients increased by 1,800 and number of active clients decreased by 2 200. By the end of the month number of clients reached 199,500 and number of active clients reached 87,900. Over the year, customer base has grown by 14%.Volume of the bank's customer deposits increased by 34 million euros, reaching 1.83 billion euros by the end of month. Deposits of corporate customers increased by 5 million euros and deposits of p Coop Pank AS results for July 2024 Coop Pank’s financial results in July 2024: In July, number of the bank's clients increased by 1,600 and number of active clients increased by 600. By the end of the month number of clients reached 197,700 and number of active clients reached 90,100. Over the year, customer base has grown by 16%.Volume of the bank's customer deposits increased by 64 million euros, reaching 1.80 billion euros by the end of month. Deposits of corporate customers increased by 33 million euros and deposits of privat Coop Pank held an investor webinar to introduce unaudited results of Q2 2024 On Thursday, 18 July 2024 at 9 am (EET), Coop Pank held an investor webinar, where the Chairman of the Board Margus Rink and the Chief Financial Officer Paavo Truu introduced the bank’s unaudited financial results of Second Quarter of 2024. Webinar was held in Estonian language. Coop Pank would like to thank all participants. Webinar recording is available here: https://youtu.be/NKgaSgcUXfM Coop Pank’s report for unaudited results of Q2 2024 and the presentation is available here: https://view.n Coop Pank unaudited financial results for Q2 2024 By the end of the Q2 2024, Coop Pank had 196,000 customers, increased by 7,000 customers in the quarter (+4%) and by 29,000 in the year (+17%). The bank had 89,500 active customers, increased by 5,100 (+6%) in the quarter and by 13,300 (+17%) in the year. In Q2 2024, volume of deposits in Coop Pank increased by 46 million euros (+3%), reaching total of 1.74 billion euros. Deposits from private clients increased by 6 million euros: demand deposits increased by 17 million euros and term deposits d Coop Pank AS will hold an investor webinar to introduce the results for the Q2 2024 Coop Pank invites shareholders, investors, analysts and other stakeholders to join its investor webinar, scheduled on 18 July 2024 at 9 am (EET). The webinar will be held in Estonian. The webinar will be hosted by the Chairman of the Board Margus Rink and the Chief Financial Officer Paavo Truu, who present the unaudited financial results of the Second Quarter of 2024. During the webinar all attendees can ask questions. All questions will be answered after the presentation. To join the webinar, y Coop Pank AS results for May 2024 Coop Pank’s financial results in May 2024: In May, number of the bank's clients increased by 2,300 and number of active clients increased by 1,300. By the end of the month number of clients reached 194,100 and number of active clients reached 87,200. Over the year, customer base has grown by 21%.Volume of the bank's customer deposits increased by 7 million euros, reaching 1.74 billion euros by the end of month. Deposits of corporate customers remained stable and deposits of private customers inc Coop Pank extends authorities of the management body of Coop Kindlustusmaakler AS Today, on June 11th 2024, the Supervisory Board of Coop Kindlustusmaakler AS, decided to extend the term of office of Mr. Raivo Piibor, Member of the Management Board of Coop Kindlustusmaakler AS a subsidiary of Coop Pank AS, for a next 3-year term effective as of the end of his previous term. At the same time, Margus Rink's powers as a Member of the Supervisory Board of Coop Kindlustusmaakler AS were extended for the following 3-year period. Coop Pank, based on Estonian capital, is one of the f Coop Pank AS application for obtaining an additional license for issuing covered bonds Today, May 13th, 2024, Coop Pank AS submitted an application to the Financial Supervision Authority for an additional activity license enabling the issuance of covered bonds. Obtaining an additional license is subject to regulatory approval and can be expected to take up to six months. After obtaining an additional activity license authorizing the issuance of covered bonds, the bank decides on the issue, volume and other conditions of the covered bond issue in accordance with the market situatio Performance Overview Trailing total returns as of 1/10/2025, which may include dividends or other distributions. Benchmark is MSCI WORLD Return CPA1T.TL MSCI WORLD YTD +1.94% -1.09% 1-Year -16.00% +16.88% 3-Year -29.07% 0.00%