Coop Pank Earns €3.3 Million in October as Loan Book Reaches €2.35 Billion

Coop Pank earned a net profit of €3.3 million in October 2026, as its loan portfolio grew by €45 million to €2.35 billion and customer deposits rose by €55 million to €2.70 billion, GlobeNewswire reported on November 11, 2026. Coop Pank is an Estonian universal bank serving retail and SME customers through Coop Eesti retail-store branches and digital channels, according to akta.pro company records.

Coop Pank's October Lending and Deposit Growth

The bank's client count rose by 1,500 in October to 242,100, and active clients increased by 700 to 114,600. Over the year, the customer base has grown by 8%, and deposits have grown by 20%.

Corporate loans drove the loan book, rising by €36 million, while the home loan portfolio added €6 million, leasing added €2 million and consumer finance added €1 million. Corporate deposits increased by €30 million and private deposits by €3 million, and deposits attracted from international platforms rose by €22 million. The loan impairment cost for the month was €0.25 million.

Net income for the first ten months rose 16% year on year, and operating expenses rose 15% over the same period. Net profit for the first ten months reached €28.9 million, 22% more than in the same period last year. Return on equity in October was 15.3% and the cost-income ratio was 49%.

"October was a strong month for Coop Pank, particularly in corporate banking," Chief Financial Officer Paavo Truu said. "In October, we launched our new Platinum credit card, marking our entry into the premium credit card segment and expanding our offering to appeal to a broader client base."

Coop Pank's Buyback and Rating Record

Coop Pank is strategically owned by Coop Eesti, the Estonian commercial chain, according to akta.pro company records. The same records show total clients of 234,500 as of May 2026, a loan portfolio of €2.22 billion and customer deposits of €2.15 billion at that date.

The same records list a Moody's upgrade of the bank's covered bond rating from Aa1 to Aaa and its deposit rating to Baa1 with a stable outlook in June 2026. In April 2026, the bank launched its first share buyback programme, authorised for up to 3,109,716 shares for €3 million, and increased share capital by €449,078.85 through 659,000 new shares subscribed by 87 employees.

Coop Pank's Buyback Stages and Q3 Profit

Coop Pank completed the second stage of its share buyback programme from September 2 to October 31, 2026, acquiring 298,421 shares for €699,300 under a Finantsinspektsioon authorisation permitting up to 3,109,716 shares for €3 million, GlobeNewswire reported. The bank launched a third programme to buy up to 2,616,000 shares for up to €1.8 million, running from November 2, 2026 to March 15, 2027, with daily purchases capped at 41,215 shares.

Coop Pank reported unaudited third-quarter 2026 net profit of €9.1 million, up 30% year on year, with deposits of €2.32 billion and a loan portfolio of €2.3 billion, GlobeNewswire reported.

Coop Pank's 2027 Meeting Date

Coop Pank's 2027 financial calendar sets its general meeting for April 14, 2027, GlobeNewswire reported.