Coop Pank — Earnings Release 2024

Mar 12, 2024

Coop Pank Group Unaudited financial results for February 2024

12.03.2024

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	Month		Year-to-Date
Coop Pank Group	02.24 01.24		02.24	02.23	Difference YoY
('000 €) Net operating income	6 326	060 7	13 386	12 347	+1 039	+8%
Interest	933 5	6 681	12 614	11 570	+1 044	+9%
Service fee and commissions	359	335	694	647	+47	+7%
Other	33	44	77	130	-52	-40%
Operating expenses	3 098	3 150	6 248	5 013	+1 235	+25%
Payroll expenses	1 825	1 790	3 615	3 028	+587	+19%
Other expenses	1 273	1 360	2 633	1 985	+648	+33%
Operating profit	3 228	3 910	138 7	334 7	-195	-3%
Financial impairement losses assets	315	567	882	871	+11	+1%
Profit before income tax	2 913	3 344	6 257	6 463	-206	-3%
Income tax	272	374	646	642	+4
Net profit	2 641	2 969	5 610	5 820	-210	-4%
(ROE) Return on equity	17,5%	18,7%	18,1%	23,5%	-5,5pp
Cost / income ratio (CIR)	49%	45%	47%	41%	+6 1pp ,
(NIM) Net interest margin	3,8%	4,0%	3,9%	4,2%	-0 3pp ,
Cost of financing	3,5%	3,4%	3,5%	1,4%	+2 1pp ,
No. of in Coop Pank ('000) customers	187,1	184,9	187,1	152,2	+34,9	+23%
Active customers	82,6	81,1	82,6	68,0	+14,5	+21%
Net loan portfolio (m€)	1 520	1 513	1 520	1 323	+198	+15%
Deposits and loans received	1 717	1 742	1 717	1 510	+207	+14%
Equity	192	189	192	155	+37	+24%

	No. of customers in Coop Pank, '000						-No of total customers		-- Active customers
152	155	158		160	170	172	175	178	180	182	185
68	70	71	72	76	77 -	75	77	79	81 -	82	81
2	3	ব	ഗ	ഗ	7	8	ರಿ	10	11	12 2023	1	2

* 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