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Coop Pank Earnings Release 2024
2213_rns_2024-12-11_8149bd78-cffa-43a9-9afe-536c598c5f9d.pdf
Earnings Release
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Coop Pank Group Unaudited financial results for Nov 2024
10.12.2024
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| Coop Pank Group |
Month | Year-to-Date | ||||
|---|---|---|---|---|---|---|
| 11.24 | 10.24 | 11.24 | 11.23 | Difference YoY |
||
| Net operating income ('000 €) |
6 584 |
6 753 |
75 249 |
79 563 |
-4 314 |
-5% |
| Interest | 6 122 |
6 556 |
71 099 |
74 477 |
-3 378 |
-5% |
| Service fee and commissions |
399 | 387 | 3 840 |
4 215 |
-376 | -9% |
| Other | 63 | -190 | 310 | 871 | -561 | -64% |
| Operating expenses |
3 607 |
3 483 |
36 868 |
31 694 |
+5 175 |
+16% |
| Payroll expenses |
1 978 |
1 969 |
21 351 |
18 307 |
+3 044 |
+17% |
| Other expenses |
1 629 |
1 514 |
15 517 |
13 387 |
+2 130 |
+16% |
| Operating profit |
2 977 |
3 269 |
38 381 |
47 869 |
-9 488 |
-20% |
| Financial impairement losses assets |
690 | 496 | 4 008 |
615 5 |
-1 607 |
-29% |
| Profit before income tax |
2 286 |
2 773 |
34 373 |
42 254 |
-7 882 |
-19% |
| Income tax |
308 | 355 | 4 192 |
4 465 |
-273 | |
| Net profit |
1 978 |
2 418 |
30 181 |
37 791 |
610 -7 |
-20% |
| Return on equity (ROE) |
11,6% | 13,9% | 16,6% | 24,7% | -8 0pp , |
|
| Cost / income ratio (CIR) |
55% | 52% | 49% | 40% | +9 2pp , |
|
| (NIM) Net interest margin |
3,5% | 3,6% | 3,8% | 4,4% | -0 6pp , |
|
| Cost of financing |
3,0% | 3,3% | 3,3% | 2,2% | +1 1pp , |
|
| Coop ('000) No. of in Pank customers |
206,0 | 203,9 | 206,0 | 180,3 | +25,7 | +14% |
| Active customers |
98,4 | 96,8 | 98,4 | 80,8 | +17,6 | +22% |
| Net loan portfolio (m€) |
1 701 |
1 683 |
1 701 |
1 509 |
+192 | +13% |
| Deposits and loans received |
1 849 |
1 886 |
1 849 |
1 782 |
+67 | +4% |
| Equity | 210 | 207 | 210 | 184 | +26 | +14% |
* 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