Core Points - Coop Pank AS has decided to increase its share capital by €457,188.16 through the issuance of new ordinary shares [1][4] - The capital increase is intended to facilitate the realization of options issued under the option program approved on November 8, 2019 [2][4] - A total of 70 current and former employees subscribed for 670,900 shares, amounting to €841,979.50, which represents 100% of the issue size [3] Company Information - Coop Pank is one of the five universal banks operating in Estonia, with a client base of 214,400 individuals utilizing everyday banking services [3] - The majority shareholder of Coop Pank is Coop Eesti, a domestic retail chain with a network of 320 stores [3] - Following the capital increase, the total share capital will rise from €70,180,497.31 to €70,637,685.47, resulting in a total of 103,657,207 shares without nominal value [4] Share Issuance Details - The new shares will have a book value of €0.681455 each, with an issue price of €1.255 per share, including a share premium of €0.573545 [4] - The pre-emptive right to subscribe for the new shares is granted exclusively to the Bank's employees who are option holders, excluding existing shareholders [4] - The subscription period for the new shares is set from May 22 to May 29, 2025 [4] Trading Information - Coop Pank plans to apply for the listing and admission to trading of the new shares on the Nasdaq Tallinn Stock Exchange [4] - The estimated first trading day for the new shares will be the day following the registration of the capital increase in the commercial register [4]

Core Insights - Coop Pank experienced strong growth in its loan portfolio due to a significant issuance of business and home loans in April 2025 [1] - The bank's loan portfolio quality remains robust despite economic uncertainties, with a new leasing product introduced for used vehicle financing [2] - A deliberate reduction in deposit volume was linked to a successful issuance of covered bonds, providing a stable funding source [3] Financial Performance - The number of clients increased by 1,700 to reach 214,400, while active clients decreased by 100, marking a 12% growth in the customer base year-over-year [5] - Customer deposits decreased by 107 million euros to 1.81 billion euros, with corporate deposits down by 74 million euros and private deposits down by 5 million euros [5] - The loan portfolio grew by 53 million euros to 1.87 billion euros, with business loans increasing by 39 million euros and home loans by 13 million euros [5] - The bank's net profit for April was 1.8 million euros, with a 19% decrease in net profit for the first four months compared to the previous year [5] - Return on equity stood at 10.3% and the cost-income ratio was 53% in April [5]

Core Insights - EfTEN United Property Fund achieved a net profit of €703 thousand in Q1 2025, a significant increase from €94 thousand in Q1 2024, marking the first quarter based on a fully invested portfolio [1][2] - The Fund's revenues rose from €155 thousand in Q1 2024 to €768 thousand in Q1 2025, while costs remained largely stable [1][2] Financial Performance - The increase in income and profit was primarily driven by the strong financial results of Kristiine Shopping Centre and improved profitability from new development phases in the Uus-Järveküla residential area [2] - In Q1 2025, the Fund concluded 27 real rights agreements for terraced and semi-detached houses in Uus-Järveküla, with the developing company earning a profit of €781 thousand [3] - By the end of Q1 2025, nearly 75% of the total project volume (165 housing units) had been sold or reserved [3] Development Updates - A building permit was issued for the final phase of the Uus-Järveküla residential development, which includes 32 terraced houses, with financing secured from Coop Pank AS covering 100% of construction costs [4] - The Fund plans to make its largest distribution in history in Q2 2025, based on dividends from various real estate funds and accrued interests from loans granted to Invego Uus-Järveküla OÜ [5] Financial Position - As of March 31, 2025, total assets of the Fund amounted to €28.36 million, an increase from €27.89 million at the end of 2024 [10] - The net asset value attributable to shareholders was €28.18 million, up from €27.48 million at the end of 2024 [10]

Group 1 - Invego Uus-Järveküla OÜ, financed by EfTEN United Property Fund, has amended its loan agreement with Coop Pank AS, enabling the fund to make its largest profit distribution to investors in history [1] - Almost 80% of the Uus-Järveküla residential area development has been purchased or booked by clients, with Coop Pank AS financing 100% of the construction price for the final 32 terraced houses, expected to be completed in Q1 2026 [2] - The interest margin on the development loan will be reduced by 20 basis points to 450 basis points [2] Group 2 - EfTEN United Property Fund received 1.516 million euros from the project, which includes approximately 1 million euros in accrued interest on owner loans, reducing the balance of owner loans granted by the fund [3] - The fund plans to distribute the accrued interest of approximately 1 million euros along with dividends and interest income to investors in May, amounting to about 7% of the last closing price of the fund unit [4]

Group 1 - Coop Pank AS will pay a dividend of 7.00 eurocents per share for the financial year 2024, with the payment date set for 06.05.2025 [1] - The list of shareholders entitled to receive the dividend will be established as of 02.05.2025, with the ex-date set for 30.04.2025 [1] Group 2 - Coop Pank is one of the five universal banks operating in Estonia, with a client base of 213,000 using its services for daily banking [2] - The strategic shareholder of Coop Pank is Coop Eesti, a domestic retail chain consisting of 320 stores, aiming to enhance the synergy between retail and banking services [2]

The annual general meeting of shareholders of Coop Pank AS (registry code 10237832, address Maakri 30, Tallinn, 15014; hereinafter also the Company) was held on 16 April 2025 at 13:00 (Estonian time) at Mövenpick Hotel Tallinn conference room “Leiger” (Lembitu str 12, Tallinn, Estonia). 59 628 525 votes were represented at the meeting, representing 57,90% of Company's share capital, and thus the General Meeting had a quorum. 63 shareholders were represented at the meeting. The notice of calling the genera ...