Coop Pank — Earnings Release 2024

Feb 12, 2024

Coop Pank Group Unaudited financial results for January 2024

12.02.2024

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Coop Pank Group	Month		Year-to-Date
	01.24	12.23	01.24	01.23	Difference	YoY
Net operating income ('000 €)	7 060	5 642	7 060	6 275	+785	+13%
Interest	6 681	6 789	6 681	5 916	+765	+13%
Service fee and commissions	335	632	335	310	+25	+8%
Other	44	-1 779	44	49	-5	-10%
Operating expenses	150 3	3 436	150 3	2 386	+765	+32%
Payroll expenses	1 790	1 927	1 790	1 427	+363	+25%
Other expenses	1 360	1 508	1 360	959	+401	+42%
Operating profit	3 910	2 206	3 910	3 890	+21	+1%
Financial impairement losses assets	567	687	567	651	-85	-13%
Profit before income tax	3 344	1 519	3 344	3 238	+105	+3%
Income tax	374	105	374	330	+45
Net profit	2 969	1 413	2 969	2 909	+60	+2%
(ROE) Return on equity	18,7%	9,0%	18,7%	22,6%	-3,9pp
Cost / income ratio (CIR)	45%	61%	45%	38%	+6,6pp
(NIM) Net interest margin	4,0%	4,0%	4,0%	4,1%	-0,1pp
Cost of financing	3,4%	3,3%	3,4%	1,3%	+2,1pp
of Coop ('000) No. in Pank customers	184,9	182,5	184,9	149,8	+35,1	+23%
Active customers	81,1	82,0	81,1	66,2	+14,8	+22%
portfolio (m€) Net loan	1 513	1 491	1 513	1 311	+202	+15%
Deposits and loans received	1 742	1 722	1 742	521 1	+222	+15%
Equity	189	186	189	152	+37	+24%

* 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