Business
Coop Pank unaudited financial results for Q1 2026
By the end of Q1 2026, Coop Pank had 231,000 customers, increased by 4,000 customers in the quarter (+1,9%) and by 18,500 in the year (+9%). The bank had 110,000 active customers, increasing by 1,800 (+1,6%) in the quarter and by 8,000 (+8%) in the year.In Q1 2026, volume of deposits in Coop Pank increased by 73 million euros (+4%), reaching total of 2.12 billion euros. Deposits from private clients increased by 17.5 million euros: demand deposits increased by 1.9 million euros and term deposits
About this update from Coop Pank As
By the end of Q1 2026, Coop Pank had 231,000 customers, increased by 4,000 customers in the quarter (+1,9%) and by 18,500 in the year (+9%). The bank had 110,000 active customers, increasing by 1,800 (+1,6%) in the quarter and by 8,000 (+8%) in the year.In Q1 2026, volume of deposits in Coop Pank increased by 73 million euros (+4%), reaching total of 2.12 billion euros. Deposits from private clients increased by 17.5 million euros: demand deposits increased by 1.9 million euros and term deposits increased by 15.6 million euros. Deposits from domestic business customers increased by 25.0 million euros: demand deposits increased by 29.9 million euros and term deposits decreased by 4,9 million euros. Deposits raised from platforms increased by 30.2 million euros. Compared to Q1 2025, volume of Coop Pank's deposits has increased by 213 million euros (+11%). In Q1 2026, the bank’s financing cost was 2.1%, at the same time last year the financing cost was 2.8%.In Q1 2026, net loan portfolio of Coop Pank increased by 37 million euros (+2%), reaching 2.15 billion euros. Over the quarter, the strongest growth was shown in the business loans portfolio, which increased by 23 million euros (+2%). Home loans increased by 17 million euros (+2%), leasing portfolio decreased by 2 million euros (-1%) and consumer finance portfolio remained at the same level. Compared to Q1 2025, total loan portfolio of Coop Pank has grown by 333 million euros (+18%). In Q1 2026, overdue loan portfolio of Coop Pank was at the level of 1.9%. A year ago, overdue loan portfolio was at the level of 2.1%. Impairment costs of financial assets in Q1 2026 were 0.4 million euros, which is 0.6 million euros less than in previous quarter and 0.15 million euros more than in Q1 2025. Net income of Coop Pank in Q1 2026 was 20.8 million euros, decreasing by 1% in the quarterly comparison and increasing by 8% in the annual comparison. Operating expenses reached 10.9 million euros in Q1, decreasing by 4% in the quarterly comparison and increasing by 15% in the annual comparison. In Q1 2026, net profit of Coop Pank was 8.3 million euros, which is 15% more than in the previous quarter and 5% more than a year ago. In Q1 2026, cost to income ratio of the bank was 53% and return on equity was 13.9%. As of 31 March 2026, Coop Pank has 32.2 thousand shareholders. Arko Kurtmann, Chairman of the Management Boar...