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Coop Pank Earnings Release 2024
2213_rns_2024-11-12_2591ad29-2197-48b2-aa4a-9888a25aab81.pdf
Earnings Release
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Coop Pank Group Unaudited financial results for Oct 2024
12.11.2024
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| Coop Pank Group |
Month | Year-to-Date | ||||
|---|---|---|---|---|---|---|
| 10.24 | 09.24 | 10.24 | 10.23 | Difference YoY |
||
| Net operating income ('000 €) |
6 753 |
6 760 |
68 666 |
72 380 |
-3 714 |
-5% |
| Interest | 6 556 |
6 369 |
64 976 |
67 783 |
-2 806 |
-4% |
| Service fee and commissions |
387 | 334 | 3 441 |
3 786 |
-345 | -9% |
| Other | -190 | 57 | 247 | 811 | -563 | -70% |
| Operating expenses |
3 483 |
3 351 |
33 261 |
28 459 |
+4 802 |
+17% |
| Payroll expenses |
1 969 |
2 003 |
19 374 |
16 493 |
+2 881 |
+17% |
| Other expenses |
1 514 |
1 348 |
13 888 |
11 966 |
+1 922 |
+16% |
| Operating profit |
3 269 |
3 409 |
35 404 |
43 921 |
517 -8 |
-19% |
| Financial impairement losses assets |
496 | 237 | 3 318 |
5 414 |
-2 096 |
-39% |
| Profit before income tax |
2 773 |
3 171 |
32 086 |
38 507 |
-6 421 |
-17% |
| Income tax |
355 | 420 | 3 883 |
4 071 |
-187 | |
| Net profit |
2 418 |
2 751 |
28 203 |
34 437 |
-6 235 |
-18% |
| on equity (ROE) Return |
13,9% | 16,5% | 17,2% | 24,9% | -7,8pp | |
| Cost / income ratio (CIR) |
52% | 50% | 48% | 39% | +9 1pp , |
|
| interest margin (NIM) Net |
3,6% | 3,7% | 3,8% | 4,4% | -0 6pp , |
|
| Cost of financing |
3,3% | 3,2% | 3,3% | 2,1% | +1 2pp , |
|
| No. of in Coop Pank ('000) customers |
203,9 | 201,6 | 203,9 | 177,7 | +26,2 | +15% |
| Active customers |
91,2 | 90,1 | 91,2 | 79,4 | +11,8 | +15% |
| portfolio (m€) Net loan |
1 683 |
1 661 |
1 683 |
1 509 |
+174 | +12% |
| Deposits and loans received |
1 886 |
1 839 |
1 886 |
1 764 |
+121 | +7% |
| Equity | 207 | 205 | 207 | 180 | +27 | +15% |
* 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
