Coop Pank Financial and Operational Update

Coop Pank has seen significant growth in its customer base, with a 16% increase in the number of customers in the past year.

This growth has been driven by the bank's focus on digital services, with over 70% of customers using online banking.

Coop Pank's customer base now stands at over 450,000, with a strong presence in Estonia and Latvia.

The bank's commitment to digital services has also led to a reduction in costs, allowing it to maintain its competitive pricing.

Coop Pank's financial results have been steadily improving over the years.

The bank's net loan portfolio has grown significantly, increasing from €238 million in 2017 to €1,491 million in 2023. This growth has been driven by the expansion of the bank's business and retail client bases.

The bank's business client base has increased from 68 thousand in 2017 to 697 thousand in 2023, while the retail client base has grown from 114 thousand to 685 thousand over the same period.

Coop Pank's net revenue has also seen a substantial increase, rising from €17,289 thousand in 2017 to €85,204 thousand in 2023. This growth is reflected in the bank's operating profit, which has increased from €5,771 thousand in 2017 to €50,076 thousand in 2023.

The bank's cost/income ratio has decreased from 66.6% in 2017 to 41.2% in 2023, indicating a significant improvement in the bank's operational efficiency.

Here's a breakdown of Coop Pank's key financial indicators over the years:

The bank's return on equity (ROE) has also seen a significant improvement, increasing from 11.7% in 2017 to 23.5% in 2023.

Coop Pank is a cooperative bank that offers a range of financial services to its members. It was founded in 1992 and is headquartered in Tallinn, Estonia.

Coop Pank has over 250,000 members, who are also the bank's shareholders.

The bank's capital is divided into 100,000 shares, with each share having a nominal value of 1 euro.

Coop Pank AS was granted a licence to issue covered bonds by the European Central Bank at the proposal of Finantsinspektsioon.

Finantsinspektsioon also approved Coop Pank's covered bonds programme.

The licence allows Coop Pank to issue covered bonds, which provides an additional financing option for the bank.

Coop Pank AS was granted a licence to issue covered bonds by the European Central Bank, at the proposal of Finantsinspektsioon.

This licence was given simultaneously with the approval of Coop Pank's covered bonds programme by Finantsinspektsioon.

The financial rating of a company can be a complex topic, but let's break it down simply. Liquidity is a key aspect, and in 2023, the net working capital was a significant €1,906,022,000.

The short-term debt coverage ratio, however, was a concerning 0 in 2024, indicating potential difficulties in meeting short-term debt obligations. This is a downward trend from 2023's 1.03, which is not ideal.

Efficiency is another critical area, and the debt multiplier and capitalisation multiplier were both 0 in 2023 and 2024. This suggests a lack of leverage being used to increase efficiency.

On a more positive note, the fixed assets turnover ratio was a respectable 0.15 in 2023, but jumped to a promising 2.02 in 2024, indicating a significant improvement in efficiency. This is a trend worth watching.

Revenue generation is also an essential aspect, and the sales revenue level was a healthy 597.19% in 2023, increasing to 609.14% in 2024. This is a positive trend, indicating growth in revenue.

The total assets rate of return was a modest 1.45% in 2023, but skyrocketed to 20.07% in 2024, indicating a significant improvement in return on investment. This is a trend worth emulating.

Here's a summary of the key financial metrics:

Coop Pank's employee numbers have fluctuated over the years, with a high of 428 employees in Q4 2024 and a low of 172 employees in Q4 2017.

The average gross wage has also varied, ranging from €1,466 in Q1 2015 to €5,510 in Q4 2024.

Coop Pank has seen a significant increase in turnover per employee in some quarters, such as Q4 2021 with €43,059 and Q4 2020 with €28,100, but also experienced periods with extremely low turnover, like Q2 2022 with €3.

Here is a summary of the average gross wage and turnover per employee for each quarter:

Profit per employee has been €0 in many quarters, but in Q4 2016, Coop Pank reported a profit of €3,153 per employee.

The quarterly employee figures provide a clear picture of the company's growth and stability over time. The number of employees has been steadily increasing, with a notable spike in Q4 2024, reaching 428 employees.

The average gross wage has also been on the rise, with a significant jump in Q2 2024, reaching €5,450. However, there was a slight dip in Q1 2024, with an average gross wage of €3,730.

One interesting trend is the fluctuation in turnover per employee. In Q4 2021, the turnover per employee was a staggering €43,059, while in Q2 2022, it was a mere €3. This suggests that the company has experienced significant variations in productivity and efficiency over the years.

Here's a breakdown of the average gross wage per quarter:

Total sales in Estonia have been steadily increasing over the years, with a notable exception in 2020 when they dropped to €26,705,423.

The trend for total sales in Estonia has been trending up from 2012 to 2019, with a slight dip in 2020 and a significant drop in 2021 before rebounding in 2022 and 2023.

Estonia's total sales have grown from €9,616,000 in 2012 to €29,960,145 in 2019, and then dropped to €26,705,423 in 2020 before increasing to €35,795,682 in 2021 and €4,701,000 in 2023.

In 2021, Estonia's total sales reached a high of €35,795,682, which is a significant increase from the previous year.

Here's a breakdown of Estonia's total sales over the years: