Moody’s affirms Coop Pank’s ratings and positive outlook

Core Viewpoint - Moody's Ratings has affirmed Coop Pank's credit rating at its current level with a positive outlook, indicating the bank's stability and reliability in the financial market [1][3]. Group 1: Credit Rating and Outlook - The long-term deposit rating for Coop Pank remains at Baa2, with a positive outlook [1][4]. - The affirmation of the credit rating is seen as a confirmation of the bank's solid capital base, good profitability, and high-quality loan portfolio [2]. Group 2: Customer Confidence and Market Position - The positive outlook is expected to enhance confidence among private individuals and businesses, encouraging them to choose Coop Pank for their banking needs [2]. - Coop Pank, based in Estonia, is one of the five universal banks operating in the country, with a client base of 224,000 for daily banking services [3]. Group 3: Strategic Shareholder and Business Model - The strategic shareholder of Coop Pank is Coop Eesti, a domestic retail chain with 320 stores, which aims to leverage the synergy between retail and banking services [3].