Coop Pank — Earnings Release 2023

Nov 13, 2023

Coop Pank Group Unaudited financial results for October 2023

• ••••••

Coop Pank Group	Month		Year-to-Date
	10.23	09.23	10.23	10.22	Difference YoY
Net operating income ('000 €)	7 590	7 461	72 380	43 374	+29 006	+67%
Interest	7 111	6 842	67 783	39 844	+27 938	+70%
Service fee and commissions	428	377	3 786	3 011	+776	+26%
Other	52	242	811	519	+292	+56%
Operating expenses	3 276	3 039	458 28	22 191	+6 267	+28%
Payroll expenses	1 754	1 731	16 493	12 604	+3 889	+31%
Other expenses	1 522	1 308	11 965	9 587	+2 377	+25%
Operating profit	4 315	4 422	43 922	21 183	+22 739	+107%
Financial impairement losses assets	259	359	414 5	3 572	+1 842	+52%
Profit before income tax	4 056	4 062	38 508	17 611	+20 897	+119%
Income tax	436	409	4 071	1 419	+2 652
Net profit	3 620	3 653	34 437	16 192	+18 245	+113%
on equity (ROE) Return	23,7%	25,3%	25,1%	16,6%	+8,6pp
Cost / income ratio (CIR)	43%	41%	39%	51%	-11,8pp
interest margin (NIM) Net	4,2%	4,3%	4,4%	3,4%	+1,0pp
Cost of financing	3,0%	2,9%	2,1%	0,6%	+1,5pp
of in Coop ('000) No. Pank customers	177,7	175,1	177,7	141,6	+36,1	+25%
Active customers	79,4	77,4	79,4	63,7	+15,7	+25%
Net loan portfolio (m€)	1 509	1 494	1 509	1 238	+271,1	+22%
Deposits and loans received	1 764	1 707	1 764	1 393	+371,1	+27%
Equity	180	176	180	125	+55,7	+45%

Business volumes and profitability last 13 months

Monthly profit '000 € ■ Operating profit $\blacksquare$ Net profit 3 0 0 0 2500 1000 500 $\Omega$ $12$ 2 $\mathbf{3}$ $5\overline{5}$ 6 $\overline{7}$ 10 $11$ $\overline{4}$ 8 9 10 2022 2023

Profitability

* 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