Financial and Mortgage Portfolio Overview
Robust profitability in 2Q22 built on a solid platform
Income growth of 16% YoY driven by NII and NFCI
Income statement, ISKm
2Q22
2Q21
A%
1H22
1H21
A%
2021
Net interest income
10,254
8,417
22%
19,463
16,607
17%
34,043
Net fee and commission income
Net financial income (expense)
Net foreign exchange gain
Other operating income
3,434
2,907
18%
6,498
5,769
13%
12,849
208
619
(66%)
113
912
(88%)
2,499
75
95
(21%)
241
225
7%
479
59
82
(28%
324
204
59%
302
Total operating income
14,030
12,120
16%
26,639
23,717
12%
50,172
Salaries and related expenses
(3,396)
(3,594)
(6%)
(6,818)
(7,168)
(5%)
(13,397)
Other operating expenses
(2,597)
(2,894)
(10%) (5,009) (5,172)
(3%)
(9,799)
Administrative expenses
(5,993)
(6,488)
(8%)
(11,827)
(12,340)
(4%)
(23,196)
Contribution to the Depositor's and Investors' Guarantee Fund
0
(162)
(100%)
(165)
(344)
(52%)
(688)
Bank tax
(412)
(451)
Total operating expenses
(6,405)
(7,101)
Net impairment on financial assets
575
1,140
(9%)
(10%) (12,834)
(50%)
(842)
(861)
(2%)
(1,683)
(13,545)
(5%)
(25,567)
1,058
622
70%
3,018
Profit before tax
8,200
6,159
33%
14,863
10,794
38%
27,623
Income tax expense
(2,331)
(769)
203%
(3,794)
(1,805)
110%
(5,119)
Profit for the period from continuing operations
5,869
5,390
9%
11,069
8,989
23%
22,504
Discontinued operations held for sale, net of income tax
11
41
Profit for the period
5,880
5,431
(73%)
8%
(2)
57
(104%)
1,221
11,067
9,046
22%
23,725
Key ratios
Net Interest Margin (NIM)
Cost-to-income ratio (C/I)
Return on Equity (ROE)
Cost of risk (COR)
2.9%
2.4%
2.7%
2.4%
2.4%
42.7%
49.9%
45.0%
50.6%
46.2%
11.7%
11.6%
10.9%
9.7%
12.3%
(0.20%)
(0.42%)
(0.19%)
0.12%
(0.28%)
33
August-September 2022View entire presentation