Coop Pank AS results for October 2025

Coop Pank's financial results in October 2025:

  * In October, number of the bank's clients increased by 1,700 and number of
    active clients increased by 1400. By the end of the month number of clients
    reached 224,000 and number of active clients reached 106,800. Over the year,
    customer base has grown by 10%.
  * Volume of the bank's customer deposits increased by 42 million euros and
    reached 1.95 billion euros by the end of month. Deposits of corporate
    customers increased by 31 million euros and deposits of private customers
    increased by 1 million euros. The volume of deposits attracted from
    international platforms increased by 10 million euros. Over the year, volume
    of bank deposits has grown by 77 million euros, i.e. 4%.
  * The bank's loan portfolio increased by 15 million euros and reached 2.03
    billion euros by the end of month. Home loans increased by 15 million euros
    and business loans decreased by 1 million euros and. Consumer financing
    portfolios increased by 1 million euros and leasing portfolio remained
    stable. Over the year, loan portfolio has grown by 355 million euros, i.e.
    21%.
  * In October, the loan impairment cost was 0.3 million euros.
  * Compared to the first ten months of last year, the bank's net income
    decreased by 5% and operating expenses increased by 1%.
  * In October, the bank earned net profit of 2.2 million euros. In the first
    ten months of the year, the bank has earned a net profit of 23.8 million
    euros, that is 16% less than in the same period last year.
  * In October, Coop Pank's return on equity was 11.6% and the cost-income ratio
    was 55%.


Comment by Arko Kurtmann, Chairman of the Management Board of Coop Pank:

"As inflation remains at the European Central Bank's target of 2%, the central
bank left base interest rates unchanged in October, supporting a stable interest
rate environment in the euro area.

The gradual recovery of the Estonian economy is reflected both in the continued
growth of the bank's loan portfolio and in the estimate provided by Statistics
Estonia at the end of October, according to which the economy grew by 0.9% in
the third quarter of this year compared to the third quarter of 2024. Indicators
of foreign trade are also showing an upward trend.

On October 1st, the state opened its accounts in Coop Pank. This makes Coop Pank
the second Estonian-owned bank where the Estonian state has opened its accounts.
The state's trust in Coop Pank is a great recognition for us. In October, Coop
Pank also joined an additional international deposit platform, increasing the
bank's options for raising funding and reducing risks.

Several changes related to making payments came into effect at Coop Pank in
October. Some of the changes stemmed from the EU-wide instant payments
regulation, while others resulted from the bank's technological innovation. As
all banks now offer instant payments in addition to Coop Pank, all individual
euro-denominated payments by private and business customers are processed
immediately - within 10 seconds. New features enhancing security and user
awareness were also introduced: verification of the payee's name and account
number match, and an instant payment limit. The goal of these changes is to
align payments with people's expectations: they must be fast, transparent, and
controllable.

In June, Coop Pank launched Estonia's first large-scale cashback-type loyalty
program and began refunding 1% of purchases made in Coop stores directly to
customers' bank accounts. Over five months, the bank has paid more than 170,800
euros back to its customers as purchase rewards, and the innovative program has
brought in many new actively banking customers. Customer activity is also
currently supported by a month-long double deposit interest campaign throughout
October and a car lottery campaign promoting salary transfer, which will last
until January.

Favourable interest rates and economic recovery are creating conditions for
higher lending activity and more efficient capital sourcing for the bank. Along
with keeping costs under control and expanding services and offers, this will
support helping the bank's stable profits return to a growth trajectory. In
October, Coop Pank earned a net profit of 2.2 million euros. The bank's return
on equity in August was 11.6%, and the cost-to-income ratio was 55%."

More detailed financial reports of Coop Pank are available at:
https://www.cooppank.ee/en/financial-reports

Coop Pank, based on Estonian capital, is one of the five universal banks
operating in Estonia. The number of clients using Coop Pank for their daily
banking reached 224,000. 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's homes. The strategic shareholder of the bank
is the domestic retail chain Coop Eesti, comprising of 320 stores.

Additional information:
Paavo Truu
CFO
Phone: +372 5160 231
E-mail: [email protected] (mailto:[email protected])