Coop Pank (CPA1T) Q2 2025 earnings summary

Executive summary

• Loan portfolio grew 20% year-over-year to €1.94 billion, outpacing the market.

• Net profit was €6.6 million, down 17% year-over-year and 16% sequentially, impacted by lower interest income and higher impairment costs.

• Active customer base increased 9% year-over-year, reaching 103,600 in Q2 2025.

• Operating expenses remained stable year-over-year, with cost/income ratio at 52%.

• ROE declined to 12.1% from 16.4% a year ago, reflecting margin pressure.

Financial highlights

• Net operating income was €19.5m, down 5% year-over-year.

• Net interest income for Q2 2025 was €18.0 million, down 7% year-over-year.

• Service fees and commissions rose 17% year-over-year.

• Operating expenses were €10.1 million, unchanged year-over-year.

• Equity increased 13% year-over-year to €220m.

Outlook and guidance

• Economic environment remains cautious; growth continues with a conservative risk profile.

• Interest rates are trending downward, with balanced changes in interest income and expenses.

• Loan portfolio expected to continue growing faster than the market.

• Deliberate reduction in deposit volume expected, leveraging covered bond funding.

• Focus on expanding customer base and product offerings, including loyalty and cashback programs.