Slide 1: Coop Pank Group Unaudited results of Q3 2020
Coop Pank Group Unaudited results of Q3 2020 21.10.2020
Slide 2: Key points of Q3 2020
Key points of Q3 2020 • Continued growth and stable quality of loan portfolio • Inflow of domestic deposits has increased significantly • Key performance indicators are improving (cost / income ratio, ROE)
Slide 3: Business volumes
Business volumes Loans Deposits m€ +181 +43% m€ +210 +44% +40 +7% +73 +12% 599 615 688 504 559 547 418 460 478 507 Q3 2019 Q4 Q1 2020 Q2 Q3 Q3 2019 Q4 Q1 2020 Q2 Q3 Daily banking clients Operating and net profit '000 +24 +42% '000 € +493 +32% +5 +7% +650 +48% 3 109 3 262 80 2 675 64 69 75 2 091 2 12
Slide 4: Results of Q3 2020 – compared to Q2 2020
Results of Q3 2020 – compared to Q2 2020 Key indicators in quarterly comparison • Revenues +7% • Net interest increased +0.5m€ as loan portfolio grew by Q3 Q2 Quarterly 2020 2020 change 40m€ Net operating income ('000 €) 7 988 7 464 +524 +7% Interest 7 353 6 852 +501 +7% Service fee and commissions
Slide 5: Results of 9M 2020 – compared to 9M 2019
Results of 9M 2020 – compared to 9M 2019 Key indicators in year on year comparison • Revenues +33% • Net interest increased +5.7m€, loan portfolio grew by 181m€ 9M 9M Year on Year 2020 2019 change Net operating income ('000 €) 22 570 16 963 +5 607 +33% Interest 20 563 14 870 +5 693 +38% • Operating
Slide 6: Increased loan portfolio in all business lines
Increased loan portfolio in all business lines Net loan portfolio • Quarterly growth of loan portfolio +40m€ (+7%) • Private mortgage loans +19m€ (+9%) m€, % 6.5% 6.5% 6.4% 6.2% • Business loans +14m€ (+7%) 6.1% • Leasing +6m€ (+7%) Gross interest of portfolio • Consumer loans +1m€ (+2%) +181 +43% +
Slide 7: Loan portfolio interest by business lines
Loan portfolio interest by business lines Business loans Private mortgage loans m€, % m€, % 5.7% 5.7% 5.6% 5.6% 5.5% 3.7% 3.7% 3.6% 3.6% 3.6% 176 205 219 201 221 240 140 160 169 181 Q3 2019 Q4 Q1 2020 Q2 Q3 Q3 2019 Q4 Q1 2020 Q2 Q3 Gross loan portfolio Gross interest % Gross loan portfolio Gross int
Slide 8: Quality of loan portfolio
Quality of loan portfolio Loans past due and loss allowances in balance sheet • Past due portfolio remains at 6-7% m€, % • Highest amount of corona-related payment holidays in 7% 7% 7% 6% May 2020: 52m€ of loan portfolio, in Q2 2020 5% comparable amount was 49m€ and in Q3 2020: 31m€ 37.4 36.6 34.6 •
Slide 9: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 7% 6% 6% 5% 5% 4% 3% 3% 3% 3% 12.1 12.9 12.7 7.8 6.1 5.7 6.4 6.5 6.4 5.0 6.3 6.1 0.6 4.8 0.5 0.5 0.6 3.2 7.2 0.5 5.0 7.1 6.6 6.6 5.6 5.1 5.9 3.3 4.3 - 1.6 - 1.4 1.7 - 1.9 - 2.2 - 2.5 - 0.5 - 0.5 - 0.7 - 0.7 -
Slide 10: Amount of deposits increased, cost decreased
Amount of deposits increased, cost decreased Deposits • Deposits grew by 73m€ (+12%) m€ Total cost of financing • Demand deposits +34m€ (+17%) 1.1% 1.1% 1.0% 1.0% • +26m€ from business clients 0.9% • +8m€ from private clients 1.0% 1.0% 0.9% 0.9% 0.8% • Term deposits +39m€ (+9%) • +17m€ from business
Slide 11: We are growing client base and market share
We are growing client base and market share Market share and number of bank clients • 5 400 new clients with bank account in Q3 (+5 100 in Q2 2020) Market share % 3.1% • +4800 private clients Market share of deposits 2.9% 2.6% 2.7% • +600 business clients 2.5% 2.9% 3.0% 2.6% • 2.4% 2.2% Banks market
Slide 12: Capital base supports growth plans
Capital base supports growth plans Quarterly capitalization Liquidity coverage ratio (LCR) m€, % % 24.3% 965% 21.9% 20.8% 18.9% 17.0% 716% 682% 424 385 394 345 311 423% 392% 84 84 82 80 100% 53 Q3 2019 Q4 Q1 2020 Q2 Q3 Q3 2019 Q4 Q1 2020 Q2 Q3 Total eligible capital RWA Capital adequacy ratio LCR Re
Slide 13: Performance indicators are improving
Performance indicators are improving Cost / income ratio (CIR) and ROE • 2022 targets: Cost / income ratio % • Cost / income ratio 50% • ROE 15% 69% 66% 62% 58% 59% ROE % 10.7% 9.6% 8.6% 6.5% 6.0% Q3 2019 Q4 Q1 2020 Q2 Q3
Slide 14: Brand awareness and preference as financial partner
Brand awareness and preference as financial partner Brand awareness of Coop Pank Preference as financial partner 97% Swedbank 96% Swedbank 34% 32% 65% 92% SEB 94% LHV 27% 30% 56% 71% LHV 72% Coop Pank 43% 55% 54% Coop Pank 62% SEB 20% 51% 44% Luminor 51% 22% Luminor 14% 19% Bigbank 18% 5% Would not
Slide 15: Shareholders
Shareholders Amount of Coop Pank shareholders TOP shareholders No of shareholders Shareholder distribution of Coop Pank as at 30.09.2020 +85 +443 +685 +422 12 401 12 486 11 958 43 43 11 273 48 Coop 10 851 46 Investeeringud 45 25% Others 36% 11 910 12 358 12 443 10 806 11 227 Cooperatives 18% Eesti Ü
Slide 16: Share price
Share price Coop Pank share price and trading volume by dates Coop Pank share price compared to other banks Share price (€) and trading volume (thousand shares) Share prices indexed to 100 as at 10.12.2019 1.21 140 1.13 1.12 123 117 114 1.07 1.07 1.08 120 1.06 109 96 98 99 1.06 100 0.96 88 93 80 89
Slide 17: Summary: Q3 2020 results
Summary: Q3 2020 results • Loan portfolio increased by 40m€ (+7% QoQ) • Deposits increased by 73m€ (+12% QoQ) • 5 400 new clients (+7% QoQ) Bank has a total of 80 000 clients with bank account • Profit 2m€ (+48% QoQ). Bank is well capitalised 5 400 new clients • Moody’s investment grade rating Baa2
Slide 18: Kerli Lõhmus
Margus Rink Chairman of Board, CEO margus.rink@cooppank.ee Kerli Lõhmus Member of Board, CFO kerli.lohmus@cooppank.ee https://www.cooppank.ee/en/for-investors