Coop Pank — Earnings Release 2024

Oct 18, 2024

Coop Pank Group Unaudited financial results for Sept 2024

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Coop Pank Group	Month		Year-to-Date
	09.24	08.24	09.24	09.23	Difference YoY
Net operating income ('000 €)	6 760	7 147	61 913	64 789	-2 877	-4%
Interest	6 369	6 748	58 421	60 672	-2 251	-4%
Service fee and commissions	334	357	3 054	3 358	-304	-9%
Other	57	43	437	759	-322	-42%
Operating expenses	351 3	504 3	29 778	25 183	595 +4	+18%
Payroll expenses	2 003	2 077	17 405	14 739	+2 666	+18%
Other expenses	1 348	1 427	12 373	10 444	+1 929	+18%
Operating profit	3 409	3 643	32 135	39 606	-7 471	-19%
Financial impairement losses assets	237	410	2 822	155 5	-2 333	-45%
Profit before income tax	3 171	3 233	29 313	34 451	-5 138	-15%
Income tax	420	417	3 528	3 635	-106
Net profit	2 751	2 816	25 785	30 818	-5 033	-16%
(ROE) Return on equity	16,5%	16,6%	17,6%	25,1%	-7,5pp
Cost / income ratio (CIR)	50%	49%	48%	39%	+9 2pp ,
interest margin (NIM) Net	3,7%	3,8%	3,8%	4,5%	-0 6pp ,
Cost of financing	3,2%	3,3%	3,3%	2,0%	+1 3pp ,
No. of in Coop Pank ('000) customers	201,6	199,5	201,6	175,1	+26,4	+15%
Active customers	90,1	87,9	90,1	77,4	+12,7	+16%
portfolio (m€) Net loan	1 661	1 645	1 661	1 494	+167	+11%
Deposits and loans received	1 839	1 837	1 839	1 707	+131	+8%
Equity	205	202	205	176	+29	+16%

* 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