A fall in loan interest rates has triggered economic growth in Estonia, but overall bank profits are declining, outgoing Coop Pank CEO Margus Rink said.
At the same time, he noted that Estonia’s economy is gaining momentum.
Coop Pank reported €7.9 million in net profit for the first quarter of 2025 (Q1 2025), a 24 percent year-on-year increase.
Speaking to “Esimene stuudio,” Rink said: “Since autumn, the economic trend has been upward.We can’t say it’s soaring, but slowly — clear facts show it is gaining momentum.
Read more: ERR.EE
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