Coop Pank unaudited financial results for Q3 2025

Core Insights - Coop Pank has shown growth in customer base and financial metrics, indicating a positive trend in its operations and market position [1][5][9]. Customer Growth - By the end of Q3 2025, Coop Pank had 222,000 customers, an increase of 4,000 customers in the quarter (+2%) and 20,000 customers year-over-year (+10%) [1]. - The number of active customers reached 105,400, with an increase of 1,800 in the quarter (+2%) and 10,000 year-over-year (+10%) [1]. Deposit Volume - In Q3 2025, the volume of deposits increased by 105 million euros (+6%), totaling 1.91 billion euros [2]. - Deposits from private customers rose by 9 million euros, while deposits from domestic business customers increased by 24 million euros [2]. - Compared to Q3 2024, total deposits grew by 83 million euros (+5%) [2]. Loan Portfolio - The net loan portfolio increased by 80 million euros (+4%) in Q3 2025, reaching 2.0 billion euros [3]. - Business loans showed the strongest growth, increasing by 48 million euros (+6%), while home loans rose by 32 million euros (+4%) [3]. - Year-over-year, the total loan portfolio grew by 362 million euros (+22%) [3]. Financial Performance - Net income for Q3 2025 was 19.5 million euros, unchanged from the previous quarter but down 8% year-over-year [5]. - The net profit for the quarter was 7 million euros, a 5% increase from the previous quarter but a 19% decrease compared to the same period last year [5]. - The cost-to-income ratio was 54%, and return on equity was 12.5% [5]. Overdue Loans and Impairment - The overdue loan portfolio stood at 2.3%, slightly improved from 2.4% a year ago [4]. - Impairment costs for financial assets were 0.7 million euros, higher than the previous quarter and the same quarter last year [4]. Management Changes - Coop Pank underwent changes in its Management Board, appointing Arko Kurtmann as the new Chairman and adding new members to strengthen the executive team [10]. Strategic Developments - Coop Pank opened state accounts, becoming the second domestically owned bank in Estonia to do so, enhancing its service offerings [11][12]. - The bank's growing business volumes and effective cost management contributed to its solid net profit [12].