Coop Pank — Earnings Release 2023

Jun 12, 2023

Coop Pank Group Unaudited financial results for May 2023

12.06.2023

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Coop Pank Group	Month		Year-to-Date
	05.23	04.23	05.23	05.22	Difference	YoY
Net operating income ('000 €)	7 737	7 224	34 622	19 983	+14 639	+73%
Interest	336 7	6 626	32 334	18 280	+14 054	+77%
Service fee and commissions	354	536	1 918	1 412	+506	+36%
Other	48	61	370	291	+79	+27%
Operating expenses	2 843	2 758	13 196	10 562	+2 634	+25%
Payroll expenses	1 587	1 580	709 7	926 5	+1 783	+30%
Other expenses	1 256	1 178	487 5	4 636	+851	+18%
Operating profit	4 894	4 466	21 426	9 420	+12 006	+127%
Financial impairement losses assets	1 219	338	3 184	1 961	+1 223	+62%
Profit before income tax	3 676	4 127	18 242	459 7	+10 783	+145%
Income tax	373	447	1 884	600	+1 284
Net profit	3 303	3 680	16 358	6 859	+9 499	+138%
Return on equity (ROE)	24,2%	28,1%	25,2%	14,5%	+10 ,7pp
Cost / (CIR) income ratio	37%	38%	38%	53%	-14 ,7pp
(NIM) Net interest margin	4,9%	4,7%	4,5%	3,5%	+1 0pp ,
Cost of financing	1,7%	1,7%	1,5%	0,5%	+1 0pp ,
of in Coop ('000) No. Pank customers	160,4	157,6	160,4	128,3	+32,1	+25%
Active customers	71,8	71,1	71,8	57,4	+14,5	+25%
Net loan portfolio (m€)	1 404	1 363	1 404	1 103	+301,1	+27%
Deposits received and loans	1 576	1 515	1 576	1 195	+381,5	+32%
Equity	162	158	162	116	+45,9	+40%

* 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