LHV Institutional Baltic Insight
Please find attached today's edition of the Baltic Insight.* Coop Pank (CPA1T ET) January 2023 Review: Strong profitability, but the volume growth decelerated
CPA recorded a slowing growth of loan and deposit volumes, partly due to seasonal factors, while the monthly deposit growth is primarily attributable to the international deposit platforms. Driven by the rapidly growing net interest income and continuously stable asset quality, CPA managed to further improve its profitability and posted record monthly net profits of nearly EUR 3m.
* Please also refer to the tables in the attachment.
LHV Bank is an independent pan-Baltic bank, based on Estonian capital. The company was founded in 1999 by two founders of Hansapank (today’s Swedbank in the Baltics) and has been offering a full range of investment services for 15 years. In May 2009, LHV received a credit institution licence allowing it to provide all banking services.
The head office is situated in Tallinn, Estonia. Cross-border services are offered in Vilnius, Lithuania and in Riga, Latvia. LHV provides brokerage (institutional and retail), asset management, banking and capital markets services. Compared to other banks, we are more innovative and have more solid experience in investment and entrepreneurship.
The Bank, together with the Group asset management company employs over 320 people. LHV Group shares are listed on Nasdaq Tallinn.
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