Coop Pank — Earnings Release 2023

Aug 11, 2023

Coop Pank Group Unaudited financial results for July 2023

11.08.2023

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Coop Pank Group	Month		Year-to-Date
	07.23	06.23	07.23	07.22	Difference YoY
('000 €) Net operating income	543 7	429 7	49 594	28 627	+20 967	+73%
Interest	140 7	081 7	46 556	26 278	+20 277	+77%
Service fee and commissions	360	293	2 571	1 977	+595	+30%
Other	43	54	467	372	+95	+26%
Operating expenses	2 960	2 965	19 121	15 147	+3 974	+26%
Payroll expenses	1 830	1 733	11 272	8 655	+2 617	+30%
Other expenses	1 130	1 231	7 849	6 492	+1 357	+21%
profit Operating	4 582	4 465	30 473	13 480	+16 993	+126%
Financial impairement losses assets	803	675	4 662	2 680	+1 982	+74%
Profit before income tax	3 779	3 790	25 811	10 800	+15 011	+139%
Income tax	425	406	2 715	822	+1 893	+230%
Net profit	354 3	3 383	23 096	9 977	+13 119	+131%
on equity (ROE) Return	23,5%	25,0%	24,9%	14,9%	+10 0pp ,
Cost / income ratio (CIR)	39%	40%	39%	53%	-14 4pp ,
Net interest margin (NIM)	4,3%	4,6%	4,3%	3,4%	+1 0pp ,
Cost of financing	2,5%	2,1%	1,7%	0,5%	+1 2pp ,
Coop ('000) No. of in Pank customers	169,9	167,3	169,9	133,1	+36,8	+28%
Active customers	77,4	76,2	77,4	59,6	+17,8	+30%
portfolio (m€) Net loan	1 483	1 458	1 483	1 164	+318,6	+27%
Deposits and loans received	1 777	1 755	1 777	1 295	+481,7	+37%
Equity	169	165	169	119	+49,6	+42%

* 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