Coop Pank As · OMXTSE:CPA1T
Coop Pank As — Q2 2025 Earnings Presentation
20 slides from Coop Pank As's earnings presentation, Jul 18, 2025
Slide 1: Coop Pank Group 2025 Q2 unaudited results
0005 Coop Pank Group 2025 Q2 unaudited results 18.07.2025
Slide 2: • • • • • • • •
• • • • • • • •
Slide 3: Key figures: loans, deposits, customers, net profit
m€ +322 +20% m€ +77 +4% +125 +6,9% -98 -5,1% 1 943 1 886 1 915 1 774 1 818 1 740 1 839 1 816 1 621 1 661 Q2 2024 Q3 Q4 Q1 Q2 2025 Q2 2024 Q3 Q4 Q1 Q2 2025 '000 +8 +9% m€ -1 349 -17% +1,8 +1,8% -1 264 -16,0% 196 202 208 213 218 8 649 7 998 7 913 95,3 95,6 99,4 101,8 103,6 6 393 6 649 Q2 2024 Q3 Q4 Q1
Slide 4: Quarterly results: Q2 2025 vs Q1 2025
• • Q2 2025 Q1 2025 Quarterly change Net operating income ('000 €) 19 544 19 310 +233 +1% • Interest 18 003 17 930 +74 +0% incl interest income 31 260 32 058 -798 -2% incl interest expense -13 257 -14 128 +871 -6% Service fees and commissions 1 166 1 155 +11 +1% • Other 375 225 +150 +67% Operating e
Slide 5: Annual change: Q2 2025 vs Q2 2024
• • Q2 2025 Q2 2024 Quarterly change Net operating income ('000 €) 19 544 20 465 -921 -5% Interest 18 003 19 319 -1 316 -7% incl interest income 31 260 34 691 -3 431 -10% • incl interest expense -13 257 -15 372 +2 115 -14% Service fees and commissions 1 166 1 000 +166 +17% Other 375 146 +229 +157% O
Slide 6: Loan portfolio by product and gross interest
• m€, % • 7,8% 7,5% 7,0% 6,5% • 6,0% Gross interest of portfolio • • +322 +20% +125 +6,9% • 1 943 1 774 1 818 181 1 621 1 661 177 178 111 • 171 174 109 109 103 105 777 717 740 654 685 770 792 874 693 697 Q2 2024 Q3 Q4 Q1 Q2 2025 Business loans Private mortgage loans Consumer loans Leasing
Slide 7: Gross loan portfolio and interest by segment
m€, % m€, % 8,1% 7,9% 7,3% 6,8% 6,3% 6,4% 6,2% 5,8% 5,2% 4,8% 780 802 885 741 778 703 707 655 687 719 Q2 2024 Q3 Q4 Q1 Q2 2025 Q2 2024 Q3 Q4 Q1 Q2 2025 Gross loan portfolio Gross interest % Gross loan portfolio Gross interest % m€, % m€, % 14,5% 14,1% 13,8% 13,7% 13,2% 7,3% 7,1% 6,7% 6,2% 5,6% 108 1
Slide 8: Past due loans and loss allowances
• m€, % 2,2% 2,4% 2,8% • 2,1% 2,1% 55,1 4,9 40,3 39,4 36,7 37,6 4,7 5,0 4,7 6,3 50,2 32,0 35,5 34,4 31,2 % 0,4% - 17,0 - 17,5 - 18,6 - 18,3 - 19,1 0,3% 0,3% 0,2% II kv 2024 III kv IV kv I kv II kv 2025 0,0% Past due 1-90 days Past due over 90 days Q2 2024 Q3 Q4 Q1 Q2 2025 Loss allowances Past due %
Slide 9: Loan quality by segment
m€, % m€, % 1,6% 2,5% 2,4% 2,2% 2,3% 2,6% 0,9% 1,1% 1,0% 0,8% 11,0 20,5 8,2 8,0 7,1 16,4 16,3 15,9 17,3 6,2 5,3 9,7 5,5 6,6 5,6 19,6 14,9 15,2 14,4 16,3 - 10,1 - 10,3 - 11,2 - 10,3 - 10,7 - 1,4 - 1,5 - 1,5 - 1,7 - 1,7 Q2 2024 Q3 Q4 Q1 Q2 2025 Q2 2024 Q3 Q4 Q1 Q2 2025 m€, % m€, % 8,4% 7,8% 7,7% 7,8%
Slide 10: Deposits and cost of financing
• • m€, % • 3,4% 3,3% 3,1% 2,8% • Total cost of financing 2,5% +77 +4% • -98 -5,1% • 1 839 1 886 1 915 1 740 1 816 • 584 572 616 565 605 % 32% 32% 32% 33% 30% 1 175 1 255 1 314 1 299 1 211 Q2 2024 Q3 Q4 Q1 Q2 2025 Term deposits Demand deposits Q2 2024 Q3 Q4 Q1 Q2 2025
Slide 11: Interest income, interest expense and net interest margin
% m€ 7,1% 7,0% 7,0% 35,0 34,5 34,7 35,3 34,1 6,8% 6,9% 33,3 6,4% 6,4% 32,1 31,3 5,6% 5,7% 28,5 5,3% 4,8% 23,9 4,6% 4,1% 4,2% 4,1% 3,9% 3,9% 19,3 3,5% 3,6% 3,6% 3,6% 3,3% 21,0 21,3 20,6 2,9% 2,8% 15,0 18,4 19,1 19,3 20,0 19,1 3,5% 3,4% 17,9 18,0 3,2% 3,3% 3,1% 15,8 15,4 15,4 15,3 15,0 2,7% 2,8% 14,4
Slide 12: Clients and market share of deposits and loans
• '000 +22 +11% +5 +2,3% • 218 213 208 202 196 • Q2 2024 Q3 Q4 Q1 Q2 2025 • • '000 +8 +9% market share % 6,5% 6,6% 6,8% +1,8 +1,8% 6,3% 6,3% 103,6 6,1% 6,1% 6,2% 101,8 5,8% 5,6% 99,4 95,3 95,6 Market share of deposits Market share of loans Q2 2024 Q3 Q4 Q1 Q2 2025 Q2 2024 Q3 Q4 Q1 Q2 2025 Clients wi
Slide 13: Capital adequacy and own funds
m€ % +26 +12% 19,4% 19,0% 19,4% 20,0% 18,8% -0 -0,0% 16,3% 16,3% 16,3% 16,8% 16,8% 239 245 245 Total (%) Regulatory minimum + P2G (%) 219 219 35 35 35 % 35 35 28 28 28 28 28 16,3% 16,0% 16,6% 17,1% 16,1% 13,6% 13,6% 13,6% 14,1% 14,1% T1 (%) Regulatory minimum + P2G (%) 176 182 182 156 155 % 13,8% 13
Slide 14: Liquidity: liquid assets, LCR and NSFR
mln €; % % 24,9% 20,7% 614 260% 18,4% 17,4% 16,7% 209% 205% 207% 442 397 189% 373 381 562 127% 133% 125% 125% 119% 402 334 339 354 100% 100% 100% 100% 100% Q2 2024 Q3 Q4 Q1 Q2 2025 Total liquid assets Bonds Q2 2024 Q3 Q4 Q1 Q2 2025 Cash, balances with other fin. institutions Liquid assets / total as
Slide 15: Cost / income ratio and ROE
• Cost / Income ratio % • 54% • 52% 49% 48% 49% • • ROE % • • 16,4% 17,3% % 14,7% 12,3% 12,1% 2,6% 2,5% 2,5% 2,1% 2,1% Q2 2024 Q3 Q4 Q1 Q2 2025 Q2 2024 Q3 Q4 Q1 Q2 2025
Slide 16: Shareholder distribution of Coop Pank as at 30.06.2025
'000 Shareholder distribution of Coop Pank as at 30.06.2025 -2,2 -6,1% Coop Investeeringud -0,5 -1,6% 22% 36,9 36,4 35,9 35,2 34,7 Others 44% Cooperatives 19% Tallinna linnakantselei 3% CM Capital Andres Sonn Q2 2024 Q3 Q4 Q1 Q2 2025 5% 8%
Slide 17: Share price, P/B, EPS and P/E
Share price €, P/B € trading volume thousand shares 1,11 4,20 0,97 0,95 0,99 0,97 2,99 2,46 2,36 1,96 2,05 1,07 1,17 Q2 2024 Q3 Q4 Q1 Q2 2025 12.19 06.20 12.20 06.21 12.21 06.22 12.22 06.23 12.23 06.24 12.24 06.25 EPS € (quarterly) P/E € (TTM) 0,084 7,0 7,1 0,078 0,077 5,9 5,8 6,3 0,062 0,064 Q2 202
Slide 18: Brand study: top of mind and preference among banks
Swedbank 47% 47% 94% Swedbank 36% 22% 58% LHV 27% 27% 54% SEB 29% 61% 90% Coop Pank 13% 32% 45% LHV 15% 56% 71% SEB 13% 23% 36% Coop Pank 53% 57% Luminor 11% 12% Luminor 50% 52% Other 4% Other 2% Would not choose any 18% 24% Top of Mind Would consider First preference Would consider Source: reports
Slide 19: Loan portfolio +20% YoY
Loan portfolio — +20% YoY
Slide 20: Heikko Mae, Paavo Truu
Heikko Mae Member of Board, Head of Risk heikko.mae@cooppank.ee Paavo Truu Member of Board, CFO paavo.truu@cooppank.ee https://www.cooppank.ee/en/for-investors