Bigbank AS results for April 2024 - Seite 2

Bigbank's April 2024 financial results:

• Deposits from customers and loans received increased by 674 million euros over the year to 2.2 billion euros (+44%).
• Loans to customers increased by 335 million euros year on year to 1.8 billion euros (+23%).
• Net interest income was 8.8 million euros in April, totalling 35.2 million euros for the first four months of the year. Compared to the same period last year, there was an increase of 5.2 million euros (+17%) over the first four months.
• Net loss allowances for loans and financial investments and provision expenses amounted to 10.5 million euros for the first four months of the year, representing an increase of 4.6 million euros or 77% compared to the same period last year.
• April's net profit was 2.9 million euros. The total profit for the first four months amounted to 9.3 million euros, decreasing by 2.6 million euros or 22% compared to the same period in 2023.
• The return on equity in April was 14.4%.

Income statement, in thousands of euros	Apr 2024	YTD24	YTD23	Difference YoY
Total net operating income, incl.	9,394	38,172	33,123	5,049	+15%
Net interest income	8,775	35,166	29,994	5,172	+17%
Net fee and commission income	737	2,901	2,635	266	+10%
Total expenses, incl.	-4,288	-16,421	-13,741	-2,680	+20%
Salaries and associated charges	-2,322	-8,734	-7,664	-1,070	+14%
Administrative expenses	-1,274	-4,943	-4,723	-220	+5%
Profit before loss allowances	5,107	21,751	19,382	2,368	+12%
Net loss allowances on loans and financial investments and other provisions	-1,565	-10,539	-5,971	-4,568	+77%
Income tax expense	-617	-1,892	-1,399	-493	+35%
Profit for the period from continuing operations	2,925	9,320	12,013	-2,693	-22%
Profit or loss before tax from discounted operations	8	29	-71	100
Profit for the period	2,933	9,349	11,942	-2,592	-22%
Business volumes, in thousands of euros	Apr 2024	YTD24	YTD23	Difference YoY
Customer deposits and loans received	2,190,221	2,190,221	1,516,001	674,220	+44%
Loans to customers	1,794,458	1,794,458	1,459,567	334,890	+23%
Key figures	Apr 2024	YTD24	YTD23	Difference YoY
ROE	14.4%	11.4%	16.5%	-5.1pp
Cost / income ratio (C/I)	45.6%	43.0%	41.5%	+1.5pp
Net promoter score (NPS)	58	58	57	+1