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Coop Pank Earnings Release 2024
2213_iss_2024-09-11_bf25e2d4-eb96-4038-9ae1-117104fb098b.pdf
Earnings Release
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Coop Pank Group Unaudited financial results for Aug 2024
11.09.2024
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| Coop Pank Group |
Month | Year-to-Date | ||||
|---|---|---|---|---|---|---|
| 08.24 | 07.24 | 08.24 | 08.23 | Difference YoY |
||
| Net operating income ('000 €) |
7 147 |
7 320 |
55 153 |
57 328 |
175 -2 |
-4% |
| Interest | 6 748 |
6 904 |
52 052 |
53 830 |
-1 778 |
-3% |
| Service fee and commissions |
357 | 349 | 2 720 |
2 981 |
-261 | -9% |
| Other | 43 | 67 | 380 | 517 | -137 | -27% |
| Operating expenses |
504 3 |
405 3 |
26 427 |
22 144 |
+4 283 |
+19% |
| Payroll expenses |
2 077 |
2 058 |
15 402 |
13 008 |
+2 393 |
+18% |
| Other expenses |
1 427 |
1 347 |
11 025 |
9 136 |
+1 889 |
+21% |
| Operating profit |
3 643 |
915 3 |
28 726 |
35 184 |
458 -6 |
-18% |
| Financial impairement losses assets |
410 | 374 | 2 585 |
4 795 |
-2 211 |
-46% |
| Profit before income tax |
3 233 |
3 541 |
26 142 |
30 389 |
-4 247 |
-14% |
| Income tax |
417 | 459 | 3 108 |
3 225 |
-117 | |
| profit Net |
2 816 |
3 081 |
23 033 |
27 164 |
-4 131 |
-15% |
| Return on equity (ROE) |
16,6% | 18,4% | 17,7% | 25,1% | -7,4pp | |
| Cost / (CIR) income ratio |
49% | 47% | 48% | 39% | +9 3pp , |
|
| Net interest margin (NIM) |
3,8% | 4,0% | 3,9% | 4,4% | -0 6pp , |
|
| Cost of financing |
3,3% | 3,3% | 3,4% | 1,9% | +1 ,5pp |
|
| of in Coop ('000) No. Pank customers |
199,5 | 197,7 | 199,5 | 172,4 | +27,0 | +16% |
| Active customers |
87,9 | 90,1 | 87,9 | 74,9 | +13,1 | +17% |
| portfolio (m€) Net loan |
1 645 |
1 637 |
1 645 |
1 492 |
+153 | +10% |
| Deposits and loans received |
1 837 |
1 803 |
1 837 |
1 722 |
+115 | +7% |
| Equity | 202 | 199 | 202 | 173 | +29 | +17% |
* 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
