Coop Pank — Earnings Release 2023

May 11, 2023

Coop Pank Group Unaudited financial results for April 2023

11.05.2023

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Coop Pank Group	Month		Year-to-Date
	04.23	03.23	04.23	04.22	Difference YoY
Net operating income ('000 €)	7 224	7 315	26 885	15 514	+11 371	+73%
Interest	6 626	6 802	24 998	14 310	+10 688	+75%
Service fee and commissions	536	381	1 564	1 056	+508	+48%
Other	61	132	322	148	+175	+118%
Operating expenses	758 2	582 2	353 10	305 8	+2 048	+25%
Payroll expenses	1 580	1 513	6 122	4 652	+1 470	+32%
Other expenses	1 178	1 069	4 232	3 653	+578	+16%
Operating profit	4 466	4 732	531 16	7 209	+9 323	+129%
Financial impairement losses assets	338	756	1 965	1 792	+173	+10%
Profit before income tax	4 128	3 976	14 566	5 417	+9 149	+169%
Income tax	447	421	1 511	426	+1 085
profit Net	3 680	3 555	13 055	4 991	+8 064	+162%
on equity (ROE) Return	28,1%	26,5%	25,6%	13,3%	+12 2pp ,
Cost / (CIR) income ratio	38%	35%	39%	54%	-15 0pp ,
Net interest margin (NIM)	4,7%	4,7%	4,4%	3,4%	+1 0pp ,
Cost of financing	1,7%	1,5%	1,5%	0,5%	+0 9pp ,
of in Coop ('000) No. Pank customers	157,6	155,2	157,6	125,4	+32,3	+26%
Active customers	70,2	69,2	70,2	55,0	+15,2	+28%
portfolio (m€) Net loan	1 363	1 347	1 363	1 065	+298,5	+28%
Deposits and loans received	515 1	513 1	515 1	1 167	+348,2	+30%
Equity	158	159	158	114	+43,8	+38%

* 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