{"id":20362,"date":"2024-07-18T05:01:01","date_gmt":"2024-07-18T05:01:01","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/coop-pank-unaudited-financial-results-for-q2-2024\/"},"modified":"2024-07-18T05:01:01","modified_gmt":"2024-07-18T05:01:01","slug":"coop-pank-unaudited-financial-results-for-q2-2024","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/coop-pank-unaudited-financial-results-for-q2-2024\/","title":{"rendered":"Coop Pank unaudited financial results for Q2 2024"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"justify\">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. <\/p>\n<p align=\"justify\">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 decreased by 11 million euros. Deposits from domestic business customers increased by 39 million euros: demand deposits increased by 38 million euros and term deposits increased by 1 million euros. Deposits from the international deposit platform Raisin and other financing increased by 1 million euros. Compared to Q2 2023, volume of Coop Pank&#8217;s deposits has decreased by 15 million euros (-1%). In an annual comparison, share of term deposits of total deposits has increased from 67% to 68%. In Q2 2024, the bank\u2019s financing cost was 3.3%, at the same time last year the financing cost was 2.1%. <\/p>\n<p align=\"justify\">In Q2 2024, net loan portfolio of Coop Pank increased by 90 million euros (+6%), reaching 1.62 billion euros. All financing business lines showed good growth. The volumes of business loan portfolio increased by 42 million euros (+6%), the volumes of home loan portfolio increased by 37 million euros (+6%), the leasing portfolio increased by 7 million euros (+4%) and consumer finance portfolio increased by 4 million euros (+4%). Compared to Q2 2023, total loan portfolio of Coop Pank has grown by 163 million euros (+11%).<\/p>\n<p>In Q2 2024, overdue loan portfolio of Coop Pank decreased from the level of 2.4% to the level of 2.2%. A year ago, overdue loan portfolio was at the level of 2.0%.<\/p>\n<p align=\"justify\">Impairment costs of financial assets in Q2 2024 were 1.2 million euros, which is 0.7 million euros (+113%) more than in the previous quarter and 1,0 million euros (-45%) less than in Q2 2023.<\/p>\n<p align=\"justify\">Net income of Coop Pank in Q2 2024 was 20.5 million euros, increasing by 1% in a quarterly comparison and decreasing by 9% in an annual comparison. Operating expenses reached 10.1 million euros in Q2, operating expenses increased by 7% in the quarterly comparison and 18% in the annual comparison.<\/p>\n<p align=\"justify\">In Q2 2024, net profit of Coop Pank was 8 million euros, which is 12% less than in the previous quarter and 23% less than a year ago. In Q2 2024, cost to income ratio of the bank was 49% and return on equity was 16.4%.<\/p>\n<p align=\"justify\">As of 30 June 2024, Coop Pank has 36,900 shareholders.<\/p>\n<p align=\"justify\"><strong>Margus Rink, Chairman of the Management Board of Coop Pank, comments the results:<\/strong><\/p>\n<p>\u201cIn the second quarter, the success story of Coop Pank was a decent increase in business volumes. When in the cooled economic environment, the loan portfolio of the entire Estonian banking sector has increased by only nearly 350 million euros this year, our share was approximately one third of it. This means that we continue to grow our market share. Particularly active business took place in the home loan and car leasing segments. Also, the volume of business customers financing is increasing. The quality of the loan portfolio remains high, and today it can be said that we have made the right loan decisions in the past, which is proven by the fact that the economic crisis have not hit us.<\/p>\n<p>The interest rate environment has been in a downward trend since last fall. However, the pace of decline has been slower than it was predicted at the end of last year. Both the interest on the loan portfolio and the interest paid on deposits have decreased. The first of them has changed more operatively, because here what happens in the market is converted into the bank&#8217;s loan portfolio faster \u2013 the loan interest changes every 6 months. As interest rates on term deposits change mostly in 12 month increments, the effect of their conversion on the bank&#8217;s balance has been slower. As a result of these trends, year-on-year our net interest margin fell from 4.6% to 3.6%, returning to the level of 2022.<\/p>\n<p>We see significant increases in operating costs in the annual comparison primarily because in 2023 with informed management decisions we increased the number of employees by 66. This year, the increase has been only 13 employees, and the quarterly increase in expenses is in line with the increase in business volumes.<\/p>\n<p>In summary, with the bank&#8217;s performance indicators, after the extraordinary year of 2023 with high interest levels, we are back in reality, i.e. at the level of 2022. According to Coop Pank&#8217;s long-term goals, our cost-income ratio is below 50% and our return on equity is above 15%.\u201d<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:39.2%;;border-bottom: solid black 1pt ; \"><strong>Income statement, in th. of euros<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>Q2 2024<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>Q1 2024<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>Q2 2023<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>6M 2024<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>6M 2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Net interest income<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">19 319<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">19 082<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">21 044<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">38 400<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">39 416<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Net fee and commission income<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">1 000<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">1 014<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">1 183<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">2 015<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">2 211<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; border-bottom: solid black 1pt ; \">Net other income<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">146<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">125<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">163<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">271<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">424<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;border-bottom: solid black 1pt ; \"><strong>Total net income<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>20 465<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>20 221<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>22 390<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>40 686<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>42 051<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Payroll expenses<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-5 858<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-5 409<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-4 900<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-11 267<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-9 445<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Marketing expenses<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-775<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-533<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-633<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-1 308<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-1 045<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Rental and office expenses, depr. of tangible assets<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-775<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-795<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-726<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-1 570<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-1 425<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">IT expenses and depr. of intangible assets<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-1 474<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-1 405<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-1 082<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-2 879<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-2 237<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; border-bottom: solid black 1pt ; \">Other operating expenses<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">-1 208<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">-1 286<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">-1 224<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">-2 494<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">-2 008<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;border-bottom: solid black 1pt ; \"><strong>Total operating expenses<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>-10 091<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>-9 427<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>-8 565<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>-19 518<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>-16 160<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;\"><strong>Net profit before impairment losses<\/strong><\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \"><strong>10 374<\/strong><\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \"><strong>10 794<\/strong><\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \"><strong>13 825<\/strong><\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \"><strong>21 168<\/strong><\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \"><strong>25 891<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Impairment costs on financial assets<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-1 224<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-576<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-2 232<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-1 800<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">-3 859<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;\"><strong>Net profit before income tax<\/strong><\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \"><strong>9 150<\/strong><\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \"><strong>10 218<\/strong><\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \"><strong>11 593<\/strong><\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \"><strong>19 368<\/strong><\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \"><strong>22 032<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; border-bottom: solid black 1pt ; \">Income tax expenses<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">-1 152<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">-1 080<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">-1 227<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">-2 232<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">-2 291<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;border-bottom: solid black 1pt ; \"><strong>Net profit for the period<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>7 998<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>9 138<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>10 366<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>17 136<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>19 741<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;border-bottom: solid black 1pt ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;\">Earnings per share, eur<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">0,08<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">0,09<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">0,10<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">0,17<\/td>\n<td style=\"width:12.16%;;text-align: right ;  vertical-align: middle; \">0,19<\/td>\n<\/tr>\n<tr>\n<td style=\"width:39.2%;;border-bottom: solid black 1pt ; \">Diluted earnings per share, eur<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">0,08<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">0,09<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">0,10<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">0,16<\/td>\n<td style=\"width:12.16%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">0,19<\/td>\n<\/tr>\n<\/table>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:40.6%;;border-bottom: solid black 1pt ; \"><strong>Statement of financial position, in th. of euros<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>30.06.2024<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>31.03.2024<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>31.12.2023<\/strong><\/td>\n<td style=\"width:14.86%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>30.06.2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Cash and cash equivalents<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">335 710<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">380 644<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">428 354<\/td>\n<td style=\"width:14.86%;;text-align: right ;  vertical-align: middle; \">459 631<\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Debt securities<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">36 980<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">36 460<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">36 421<\/td>\n<td style=\"width:14.86%;;text-align: right ;  vertical-align: middle; \">27 877<\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Loans to customers<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">1 621 000<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">1 531 038<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">1 490 873<\/td>\n<td style=\"width:14.86%;;text-align: right ;  vertical-align: middle; \">1 458 201<\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; border-bottom: solid black 1pt ; \">Other assets<\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">32 608<\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">31 320<\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">30 564<\/td>\n<td style=\"width:14.86%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">32 500<\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;border-bottom: solid black 1pt ; \"><strong>Total assets<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>2 026 298<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>1 979 461<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>1 986 212<\/strong><\/td>\n<td style=\"width:14.86%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>1 978 209<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Customer deposits and loans received<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">1 739 709<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">1 693 254<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">1 721 765<\/td>\n<td style=\"width:14.86%;;text-align: right ;  vertical-align: middle; \">1 754 746<\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Other liabilities<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">28 121<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">27 698<\/td>\n<td style=\"width:14.84%;;text-align: right ;  vertical-align: middle; \">28 435<\/td>\n<td style=\"width:14.86%;;text-align: right ;  vertical-align: middle; \">19 967<\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; border-bottom: solid black 1pt ; \">Subordinated debt<\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">63 148<\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">63 239<\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">50 187<\/td>\n<td style=\"width:14.86%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">38 139<\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;border-bottom: solid black 1pt ; \"><strong>Total liabilities<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>1 830 978<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>1 784 191<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>1 800 387<\/strong><\/td>\n<td style=\"width:14.86%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>1 812 852<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; border-bottom: solid black 1pt ; \">Equity<\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">195 270<\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">185 825<\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">158 549<\/td>\n<td style=\"width:14.86%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:40.6%;;border-bottom: solid black 1pt ; \"><strong>Total liabilities and equity<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>1 979 461<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>1 986 212<\/strong><\/td>\n<td style=\"width:14.84%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \"><strong>1 729 876<\/strong><\/td>\n<td style=\"width:14.86%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<\/table>\n<p>The reports of Coop Pank are available at: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=g61rI-icFjOgUzFzXJ3uxDIQtrjTmCol1BvQY95XSynRZ-DV6i1dZOSw0rinExqE2JMvaIsJYYmSg6tI5zksHERjZKl1bg4_I095JRUHuYRV9mWSt55_Wetpn9xUWB0bcEsl4TvOdoaCiDlbOr910A==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>https:\/\/www.cooppank.ee\/en\/reporting<\/u><\/a><\/p>\n<p>Coop Pank will organise a webinar on 18 July 2024 at 9:00 AM, to present the financial results of Q2 2024. For participation, please register in advance at: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=g61rI-icFjOgUzFzXJ3uxNWfPIvrkoiFpvpy7EDA7maIPdeCoJCm3wR4vUqInGJl-R2csl16GgA6XvM5E9hoL1G6lJN5OWnGuqn5MBAXDOVMtqnDdcvNCmZn_TQ6MXeNNUCSakas8hd8ZSjw4csaJg==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>https:\/\/bit.ly\/CP-18072024-registreerumine<\/u><\/a><\/p>\n<p>The webinar will be recorded and published on the company&#8217;s website <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7kdHvlR_OF2o5KE-w7xbwmDzUDWzulnPh2Bc-fEwhIomi8r-PaCMAM8Rg7WfUvPNIZqcAN0dbOEuTu7Nn1CIUw==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>www.cooppank.ee<\/u><\/a> and on the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9XQLD7VU5Bh19wkw7aV4sbK37Ul4r2ScyzztMrUbuZ862N6KaJWGk0vEy-BFg8MEGSqn6Q9BP-EtDHX5gT-yAZKLa9RJqO6ajGVh98ENXSI=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>YouTube channel<\/u><\/a>. <\/p>\n<p><em>Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 196,000 daily banking clients. 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\u2019s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.<\/em><\/p>\n<p align=\"justify\">Additional information:<br \/>Paavo Truu<br \/>CFO<br \/>Phone: +372\u00a0516 0231<\/p>\n<p>E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ioq4Gczqvf28h_x74lmpa9yxemYWW2aPJvyrZ-U9Js_bVP3YdfCTD--VpONw-PN0UVfSFpm-wjFDrjuRVcNjheK23LQR_40oS3bzxBGEHv0=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>paavo.truu@cooppank.ee<\/u><\/a> <\/p>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20363,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/18ed7e2b-c5c1-464c-bd7a-ac6894233dad","fifu_image_alt":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-20362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/20362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=20362"}],"version-history":[{"count":0,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/20362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/20363"}],"wp:attachment":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=20362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=20362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=20362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}