Coop Pank AS results for April 2024

Coop Pank's financial results in April 2024: In April, number of the bank's clients increased by 2,400 and number of active clients increased by 1,500. By the end of the month number of clients reached 191,800 and number of active clients reached 85,900. Over the year, customer base has grown by 22%.Volume of the bank's customer deposits increased by 45 million euros, reaching 1.74 billion euros by the end of month. Deposits of corporate customers increased by 33 million euros and deposits...

Tallinn, 13/05/2024 (informazione.it - comunicati stampa - economia)

Coop Pank's financial results in April 2024:

"Coop Pank continues to increase business volumes and showed strong growth in all financing business lines in April. The portfolio growth was fastest in business and home loans. In addition to the loan portfolios, the deposit portfolios also showed decent growth. All this reflects the good performance of both entrepreneurs and individuals and the recovery of optimism and confidence.

In April, the bank's shareholders approved the record payment of dividends for this year at a general meeting held and in May the bank transferred a dividend of 8.7 cents per share, or a total of 8.9 million euros, to the bank accounts of its 37,200 shareholders. 98% of the dividend payment went to the accounts of private individuals and companies in Estonia. With this, the income earned by Coop Pank helps improve the life and economy of Estonians in general. The bank also invites all its shareholders to contribute to the growth of the bank themselves and to choose Coop Pank as their home bank.

At the end of April, together with its customers, the bank started contributing to Estonia's defense capability, which fits well with the bank's goal of making life better in Estonia. For this purpose, a new customer program called Kaardivägi was created, in which those who join donate 1 cent with each card payment to the reservist fund created to support Estonian national defense, and the bank adds another 1 cent to it."

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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