Coop Pank (CPA1T) Q3 2025 earnings summary

Executive summary

• Management team changes included new board members and key appointments such as Arko Kurtmann as Chairman and Lehar Kütt as Head of Corporate Banking.

• Customer base grew to 222,000, up 2% in the quarter and 10% year-over-year; active customers reached 105,400, up 10% year-over-year.

• Economic environment is recovering, supporting increased demand for financing.

• State opened accounts in the bank, improving convenience and security for transfers; instant payments and direct state account transfers launched.

• Recognized as a family-friendly employer and extended Remote Worker label.

Financial highlights

• Net profit for Q3 2025 was €7.0m, up 5% from Q2 2025 but down 19% year-over-year; cost-to-income ratio at 54%, ROE at 12.5%.

• Net operating income for Q3 2025 was €19.5m, flat sequentially but down 8% year-over-year.

• Net interest income for Q3 2025 was €18.3m, up 2% sequentially but down 9% year-over-year.

• Loan portfolio grew by €80m (+4%) from Q2 2025 and €362m (+22%) year-over-year, surpassing €2bn.

• Customer deposits and loans received totaled €1.96bn, up 8% sequentially and 6% year-over-year.

Outlook and guidance

• Management expects continued growth in customer base and business volumes, supported by new digital services and product offerings.

• Interest environment has stabilized; Euribor remains at 2%.