Coop Pank — Earnings Release 2023

Dec 11, 2023

Coop Pank Group Unaudited financial results for November 2023

11.12.2023

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Coop Pank Group	Month		Year-to-Date
	11.23	10.23	11.23	11.22	Difference YoY
('000 €) Net operating income	183 7	590 7	79 563	48 938	+30 625	+63%
Interest	6 694	111 7	74 477	45 008	+29 468	+65%
Service fee and commissions	429	428	4 215	3 377	+838	+25%
Other	61	52	871	553	+318	+58%
Operating expenses	3 234	3 276	31 692	24 573	+7 119	+29%
Payroll expenses	1 814	1 754	18 307	13 967	+4 340	+31%
Other expenses	1 420	1 522	13 385	10 606	+2 779	+26%
Operating profit	3 949	4 315	47 871	24 365	+23 506	+96%
Financial impairement losses assets	201	259	615 5	4 248	+1 367	+32%
Profit before income tax	3 748	056 4	256 42	20 117	+22 139	+110%
Income tax	394	436	4 465	1 683	+2 782
profit Net	3 354	3 620	37 791	18 434	+19 357	+105%
Return on equity (ROE)	22,3%	23,7%	24,9%	17,0%	+7,8pp
Cost / income ratio (CIR)	45%	43%	40%	50%	-10 4pp ,
(NIM) Net interest margin	4,0%	4,2%	4,4%	3,4%	+0 9pp ,
Cost of financing	3,2%	3,0%	2,2%	0,6%	+1 6pp ,
Coop ('000) No. of in Pank customers	180,3	177,7	180,3	144,7	+35,6	+25%
Active customers	80,8	79,4	80,8	65,6	+15,2	+23%
portfolio (m€) Net loan	1 509	1 509	1 509	1 267	+241,6	+19%
Deposits and loans received	1 782	1 764	1 782	1 462	+320,3	+22%
Equity	184	180	184	127	+56,7	+45%

* Coop Pank customer – a customer holding at least one opened bank account.

Active customer – Coop Pank customer who has made at least 4 transactions in 60 days