Slides
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Coop Pank Group 202 6 Q 3 unaudited results 20. October 2026
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Key notes from Q3 2026 • Rising interest rates: Euribor continued to rise in Q3 • Strong loan portfolio growth: + 68 m € , portfolio maintaining high quality • Profit growth +30% compared to Q3 2025 • We updated Coop Pank’s international bond programme: Increasing the maximum programme size from 750 m € to 1.5 billion € • The City of Tallinn sold its stake in Coop Pank : Investors showed strong interest in the shares • The Supervisory Board appointed a new member of the Management Board: Moonika Maaring will lead Retail Banking from November 2026 • We launched the Platinum credit card • Coop completed the acquisition of Prisma stores: From September, Coop Pank cardholders can earn cashback when paying at the stores • Coop Pank and the Estonian Volleyball Federation signed a new three - year partnership agreement
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Business volumes in quarterly comparison Active customers Net profit Deposits Loans Increase calculations refer to active customers. Active client has made at least 4 transactions in the last 60 days 2 023 2 114 2 152 2 234 2 301 Q3 2025 Q4 Q1 Q2 Q3 2026 m€ +278m +14% +68m +3,0% 1 913 2 047 2 120 2 189 2 321 Q3 2025 Q4 Q1 Q2 Q3 2026 m€ +408m +21% +131m +6,0% 222 227 231 236 241 105,4 108,3 110,1 112,1 113,9 Q3 2025 Q4 Q1 Q2 Q3 2026 No of total customers Active customers th +8th +8% +1,8th +1,6% 6 971 7 190 8 305 8 222 9 077 Q3 2025 Q4 Q1 Q2 Q3 2026 th€ +2 106th +30% +855th +10,4%
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Results of Q 3 202 6 – compared to Q 2 202 6 • Loan portfolio increased + 68 m € (+ 3 %) • Net interest income increased by 2,0 m € • Impact of business volume growth + 3,1 m €; business volume growth impact + 1,1 m €; interest rate impact +1,4 m € , other impacts +0,6 m € • Interest expenses increased by 1,1 m € incl. + 0.5 m € due to the in crease in interest rates. At the same time, with the growth in deposits, additional interest expense of + 0. 6 m € was added • Operating expenses increased compared to the last quarter (+ 1.4 m €, +13 %) • Cost of impairment of financial assets 0 . 4 m € ( - 1 m €, - 72 %) • Net profit 9.1 m € ( + 0.9 m €, + 10 %) Q3 2026 Q2 2026 Net operating income (th€) 23 763 22 288 +1 475 +7% Interest 22 737 20 781 +1 956 +9% incl interest income 37 225 34 128 +3 097 +9% incl interest expense -14 488 -13 347 -1 141 +9% Service fees and commissions 876 1 141 -265 -23% Other 150 366 -216 -59% Operating expenses -12 467 -11 060 -1 407 +13% Operating profit 11 296 11 228 +69 +1% Impairment costs -391 -1 419 +1 028 -72% Profit before income tax 10 905 9 809 +1 097 +11% Income tax -1 828 -1 587 -241 +15% Net profit 9 077 8 222 +855 +10% Net loan portfolio (m€) 2 301 2 234 +68 +3% Deposits and loans received 2 321 2 189 +131 +6% Equity 252 245 +6 +3% ROE 14,6% 13,5% +1,1% Net interest margin (NIM) 3,2% 3,0% +0,2% Cost of financing 2,1% 2,1% +0,0% Quarterly change
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Results of Q 3 202 6 – compared to Q 3 202 5 • Loan portfolio increased + 278 m € (+ 14 %) • Net interest income increased +4.4 m € • Interest income increased +5.9 m € incl. business volume growth + 4.1 m €; interest rate impact +0.8 m €; other impacts +1.0 m €. • Interest expenses in creased by 1.4 m € incl. - 1.5 m € due to the decrease in interest rates. At the same time, with the growth in deposits, additional interest expense of 2 .9 m € was added • Operating expenses in Q 3 1 2 . 5 m € (+ 2 m €, + 19 %) • Cost of impairment of financial assets 0 .4 m € ( +0.3 m €, - 41 %) • Net profit 9 .1 m € ( +2.1 m €, +30 %) Q3 2026 Q3 2025 Net operating income (th€) 23 763 19 542 +4 221 +22% Interest 22 737 18 299 +4 438 +24% incl interest income 37 225 31 359 +5 866 +19% incl interest expense -14 488 -13 060 -1 428 +11% Service fees and commissions 876 1 100 -224 -20% Other 150 143 +7 +5% Operating expenses -12 467 -10 459 -2 008 +19% Operating profit 11 296 9 083 +2 214 +24% Impairment costs -391 -664 +273 -41% Profit before income tax 10 905 8 420 +2 486 +30% Income tax -1 828 -1 448 -380 +26% Net profit 9 077 6 971 +2 106 +30% Net loan portfolio (m€) 2 301 2 023 +278 +14% Deposits and loans received 2 321 1 913 +408 +21% Equity 252 227 +24 +11% ROE 14,6% 12,5% +2,1% Net interest margin (NIM) 3,2% 3,0% +0,2% Cost of financing 2,1% 2,3% -0,2% Yearly change
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• Quarterly growth of loan portfolio + 68 m € (+ 3 %) • Business loans + 33 m € (+ 3 %) • Private mortgage loans + 32 m € (+ 4 %) • Consumer loans +3 m € (+2%) • Leasing +1 m € ( +1 %) • Euribor has resumed its upward trend , 202 6 Q 3 average 6 - month Euribor in our portfolio 2. 53 % (202 6 Q 2 2. 28 %) • The change in Euribor will have an impact with a delay of up to 6 months. Loan portfolio continues to grow Net loan portfolio Gross interest of portfolio 5,9% 5,8% 5,8% 5,9% 6,1% Q3 2025 Q4 Q1 Q2 Q3 2026 % 922 977 999 1 048 1 081 809 842 859 881 913 114 115 115 119 122 179 180 178 185 1862 023 2 114 2 152 2 234 2 301 Q3 2025 Q4 Q1 Q2 Q3 2026 Business loans Private mortgage loans Consumer loans Leasing m€, % +278m +14% +68m +3,0%
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Quality of loan portfolio • Past due portfolio at a low 2.0 % level • Credit risk cost ratio 0. 1 % in Q 3 202 6 Credit risk cost ratio Loans past due and loss allowances in balance sheet Viivises lepingute põhiosa jääk; bilansiline laenu allahindlus; viivises lepingute osakaal kogu (bruto) laenuportfellist 34,7 33,3 35,1 41,6 40,1 12,9 5,2 6,6 6,2 7,3 - 19,3 - 19,4 - 19,4 - 19,8 - 19,9 47,6 38,5 41,7 47,8 47,4 2,3% 1,8% 1,9% 2,1% 2,0% III kv 2025 IV kv I kv II kv III kv 2026 Past due 1-90 days Past due over 90 days Loss allowances Past due % m€, % 0,1% 0,2% 0,1% 0,3% 0,1% Q3 2025 Q4 Q1 Q2 Q3 2026 %
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Loan portfolio quality by business lines Private consumer loans Leasing Business loans Private mortgage loans 5,0 4,3 5,0 6,4 6,6 - 10,9 - 11,8 - 11,9 - 12,1 - 11,8 7,3 6,3 8,6 9,4 11,0 0,8% 0,6% 0,9% 0,9% 1,0% Q3 2025 Q4 Q1 Q2 Q3 2026 m€, % 19,0 17,2 18,4 22,8 21,8 - 1,7 - 1,7 - 1,7 - 1,8 - 1,9 19,9 18,3 19,4 23,9 22,7 2,5% 2,2% 2,3% 2,7% 2,5% Q3 2025 Q4 Q1 Q2 Q3 2026 m€, % 6,1 6,3 6,1 6,6 6,1 - 5,4 - 5,2 - 5,1 - 5,1 - 5,3 8,5 8,3 8,1 8,6 8,1 7,1% 7,0% 6,8% 6,9% 6,4% Q3 2025 Q4 Q1 Q2 Q3 2026 m€, % 4,6 5,5 5,6 5,8 5,5 - 1,3 - 0,8 - 0,7 - 0,7 - 0,9 11,8 5,5 5,6 5,9 5,6 6,5% 3,0% 3,1% 3,2% 3,0% Q3 2025 Q4 Q1 Q2 Q3 2026 m€, %
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Financing costs • Total volume of deposits and other financial instruments increased by 118 m € (+ 4.7 %) in Q3 • Deposits from private clients + 20 m € ( - 6 m € demand deposits, +26 m€ term deposits) • Deposits from business clients +51 m € (+106 m € demand deposits, - 55 m € term deposits) • Deposits from platforms +60 m € • Other financial instruments - 13 m € • The cost of financing h as stabilized Financing costs and financing sources 1 264 1 410 1 451 1 531 1 563 649 637 669 658 758 247 250 2472 213 2 380 2 401 2 497 2 615 2,3% 2,1% 2,1% 2,1% 2,1% Q3 2025 Q4 Q1 Q2 Q3 2026 Term deposits Demand deposits Other fin.instruments Covered bonds m€, % +402m +18% +118m +4,7% Total cost of financing
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Client base and market share Total no of clients with bank account No of active clients Market share • No of clients increased by 5 000 (+ 2.0 %) (+ 5 000 in Q 2 202 6 ) • 1 9 00 (+1. 7 %) new active clients in Q 3 202 6 (+ 2 0 00 in Q 2 202 6 ) • Bank’s market share changed in Q 3 202 6 * • Market share of loan portfolio 7.2 % => 7.2 % • Market share of deposits portfolio 6.3 % => 6. 6 % *Q3 2026 market share is as of Aug 2026 222 227 231 236 241 Q3 2025 Q4 Q1 Q2 Q3 2026 th +18th +8% +4th +1,9% 105,4 108,3 110,1 112,1 113,9 Q3 2025 Q4 Q1 Q2 Q3 2026 th +1,9th +1,7% +8th +8% 5,9% 6,1% 6,4% 6,3% 6,6% 7,0% 7,1% 7,1% 7,2% 7,2% Q3 2025 Q4 Q1 Q2 Q3 2026 Market share of deposits Market share of loans market share%
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Quarterly capitalization Capital adequacy Capital base supports growth plans 194 203 210 214 210 28 28 28 28 28 35 35 40 45 45257 267 278 287 283 Q3 2025 Q4 Q1 Q2 Q3 2026 CET1 AT1 Tier2 m€ +26m +10% -4m -1,3% 19,3% 18,5% 18,8% 20,6% 19,9% 16,8% 16,8% 16,8% 16,8% 16,8% Total (%) Regulatory minimum + P2G (%) % 16,7% 16,1% 16,1% 17,4% 16,7% 14,1% 14,1% 14,1% 14,1% 14,1% T1 (%) Regulatory minimum + P2G (%) % 14,6% 14,2% 14,2% 15,4% 14,7% 12,1% 12,1% 12,1% 12,1% 12,1% Q3 2025 Q4 Q1 Q2 Q3 2026 CET1 (%) Regulatory minimum + P2G (%) %
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Liquid assets Liquidity coverage ratio (LCR) Liquidity 414 487 446 469 528 45 55 83 83 83 462 544 534 558 617 18,2% 20,1% 19,6% 19,7% 20,8% Q3 2025 Q4 Q1 Q2 Q3 2026 Bonds Cash, balances with other fin. institutions Cash, balances with central banks Liquid assets / total assets m€; % 185% 202% 201% 206% 213% 120% 120% 125% 123% 125% 100% 100% 100% 100% 100% Q3 2025 Q4 Q1 Q2 Q3 2026 LCR NSFR Regulatory minimum %
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Performance indicators Cost / Income ratio (CIR) and ROE Operating expenses / average loan portfolio • CIR 5 2 % (long term goal < 45 %) • Net income 23 . 8 m €, +1.5 m € (+7%) • Operating expenses 1 2 . 5 m €, +1.4 m € ( +13 %) compared to the previous quarter • ROE 1 4.6 % (long term goal >15%) • Growth in business volumes increases the income • Net interest margins on the decline • Loan portfolio quality remains good 12,5% 12,5% 13,9% 13,5% 14,6% 54% 54% 53% 50% 52% Q3 2025 Q4 Q1 Q2 Q3 2026 Cost / Income ratio% ROE % 2,1% 2,2% 2,1% 2,0% 2,2% Q3 2025 Q4 Q1 Q2 Q3 2026 %
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Shareholders TOP shareholders No of Coop Pank shareholders 34,0 32,8 32,2 31,9 31,5 Q3 2025 Q4 Q1 Q2 Q3 2026 th -2,5th -7,3% -0,4th -1,3% Coop Investeeringud 22% Cooperatives 19% Andres Sonn 8%CM Capital 5% Others 46% Shareholder distributionof Coop Pank as at 30.09.2026
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Share price Coop Pank share price and trading volume by dates Net income per share (EPS) P/E ratio P/B ratio 0,067 0,069 0,080 0,079 0,087 Q3 2025 Q4 Q1 Q2 Q3 2026 0,88 0,93 0,96 0,97 0,95 Q3 2025 Q4 Q1 Q2 Q3 2026 7,2 7,6 8,0 7,7 7,3 Q3 2025 Q4 Q1 Q2 Q3 2026 1,93 2,30 2,18 1,91 2,42 2,30 10.24 11.24 12.24 01.25 02.25 03.25 04.25 05.25 06.25 07.25 08.25 09.25 10.25 11.25 12.25 01.26 02.26 03.26 04.26 05.26 06.26 07.26 08.26 09.26
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Summary: Q3 2026 results • Loan portfolio growth + 68 m € (+ 3 %) • Growth of active customers + 1 9 00 (+1. 7 %) • Net profit 9.1 m € ( +0.9 m €, +10 %) • CIR 5 2 % (Q 2 202 6 : 5 0 %) • ROE 14.6 % (Q 2 202 6 : 1 3.5 %) Net profit 9.1 m € (+30% 2025 Q3)
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Arko Kurtmann Chairman of the Management Board, Chief Executive Officer arko.kurtmann@cooppank.ee Paavo Truu Member of the Management Board, Chief Financial Officer paavo.truu@cooppank.ee www.cooppank.ee/investorile