Brief: Coop Pank Q4 Net Profit At EUR 3.3 Million, Up 36% YoY

Coop Pank AS

10/02/2022 06:07

Feb 10 (Reuters) - Coop Pank AS  CPA1T.TL :
    * Q4 NET INTEREST INCOME EUR 9.8 MILLION VERSUS EUR 7.8
MILLION
YEAR AGO
    * Q4 NET PROFIT EUR 3.3 MILLION VERSUS EUR 2.4 MILLION YEAR
AGO
    * STRATEGIC GOAL OVER THE NEXT FIVE YEARS IS TO INCREASE
COOP
PANK'S MARKET SHARE IN ESTONIA TO 10% AND LOAN PORTFOLIO
APPROXIMATELY TO EUR 2.00 BILLION
    * AS A RESULT OF INCREASING BUSINESS VOLUMES THE BANK AIMS
TO
ACHIEVE BETTER EFFICIENCY (COST-INCOME RATIO LESS THAN 50%) AND
TO OFFER SHAREHOLDERS A HIGHER RETURN ON EQUITY (ROE AT LEAST
15%)

Source text:  ID:nGNE2JSJlt 
    
Further company coverage:  CPA1T.TL 

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