Brief: Coop Pank As - January-May Net Profit At EUR 14.6 Million, Down 11% YoY

Coop Pank AS

12/06/2024 06:05

June 12 (Reuters) - Coop Pank AS  CPA1T.TL :
    * IN MAY THE BANK EARNED A NET PROFIT OF EUR 2.6 MILLION
    * IN THE FIRST FIVE MONTHS OF THE YEAR THE BANK HAS EARNED A
NET
PROFIT OF EUR 14.6 MILLION DOWN 11% YOY
    * IN MAY THE BANK'S LOAN PORTFOLIO INCREASED BY EUR 33
MILLION AND
REACHED EUR 1.59 BILLION BY END-MAY
    * THE VOLUME OF THE BANK'S CUSTOMER DEPOSITS INCREASED BY
EUR 7
MILLION REACHING EUR 1.74 BILLION BY END-MAY
    * COMPARED TO THE FIRST FIVE MONTHS OF LAST YEAR THE BANK'S
NET
INCOME DECREASED BY 2% AND EXPENSES HAVE INCREASED BY 22%

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