Coop Pank (CPA1T) investor relations material

Executive summary

• Net profit for Q2 2026 reached €8.2m, a 24% increase year-over-year but a slight 1% decrease sequentially from Q1 2026.

• Customer base grew to 236,000 by Q2 2026, up 2.1% quarter-over-quarter and 9% year-over-year, with 112,100 active customers, up 1.8% and 8% respectively.

• Net loan portfolio increased by 4% quarter-over-quarter and 15% year-over-year to EUR 2.23 billion; deposits rose 3.3% quarter-over-quarter and 21% year-over-year to EUR 2.19 billion.

• Moody’s upgraded the bank’s long-term deposit rating to Baa1 and assigned its covered bonds the highest rating of Aaa in Q2 2026.

• Entered a synthetic securitisation agreement with the European Investment Bank Group, enabling EUR 250 million in additional SME financing.

Financial highlights

• Net operating income rose 14% year-over-year to €22.3m; net interest income up 15% to €20.8m.

• Operating expenses increased 10% year-over-year to €11.1m; cost/income ratio improved to 49.6%.

• ROE reached 13.5%, up from 12.1% a year ago but down from 13.9% in Q1 2026.

• Net interest margin stable at 3.0%; cost of financing decreased to 2.1%.

• EPS for Q2 2026 was €0.080; P/E ratio at 7.7, P/B ratio at 0.97.

Outlook and guidance

• Securitization with EIB Group expected to positively impact capitalization and enable further business growth, especially in SME and women-led business financing.

• Management confirms the effectiveness of the current growth strategy, emphasizing continued investment in customer-centric solutions and responsible banking.

• Stabilization in the interest rate environment, with slower Euribor growth in Q2 2026.