Bank Ochrony Srodowiska S.a. · GPW:BOS
Bank Ochrony Srodowiska — H1 2024 Earnings Presentation
21 slides from Bank Ochrony Srodowiska's earnings presentation, Aug 14, 2024
Slide 1: Financial results and operations of the Bank Ochrony Środowiska Group in H1 2024
Financial results and operations of the Bank Ochrony Środowiska Group in H1 2024 14 August 2024
Slide 2: Agenda
Agenda 1. Financial highlights 2. Key developments in H1 2024 3. Financial results 4. Profit or loss components and risk 2
Slide 3: I. Financial highlights
I. Financial highlights
Slide 4: H1 2024 financial highlights of the BOŚ Group
H1 2024 financial highlights of the BOŚ Group Net profit Net interest Net fee and Key information income commission income PLN 402.4 Net profit came in at PLN 50.2 million, relative to PLN 55.8 million in PLN 50.2 million PLN 63.7 million H1 2023. The H1 2024 net profit was negatively affected by le
Slide 5: II. Key developments in H1 2024
II. Key developments in H1 2024
Slide 6: Key business developments in H1 2024
Key business developments in H1 2024 In January, Bank Ochrony Środowiska launched a new version of its environmental education platform for businesses. The EcoBusiness Stop is an online portal through which the Bank’s experts share their knowledge and experiences, assisting small and medium-sized en
Slide 7: Industry events attended in H1 2024
Industry events attended in H1 2024 BOŚ promoted the ‘Financing of energy efficiency improvement projects under the ELENA Initiative’ at the 14th National Congress of Property Managers, dedicated to property managers and housing community boards across Poland. BOŚ participated in the ‘Credit Outlook
Slide 8: Industry events attended in H1 2024
Industry events attended in H1 2024 BOŚ voice at the European Economic Congress in Katowice. Marek Szczepański presented the Bank’s products at the ‘Green Finance’ panel. A week later, he elaborated on alternative financing options for green transition projects at the Local Trends event in Sopot. TE
Slide 9: Awards and recognitions for BOŚ in H1 2024
Awards and recognitions for BOŚ in H1 2024 In Q1, BOŚ was awarded with a number of accolades: Second place in the 16th edition of the competition for the best macroeconomic analyst (won jointly by Łukasz Tarnawa and Aleksandra Świątkowska), BOŚ recognised by BGK as the leader in Biznesmax guarantees
Slide 10: BOŚ in rankings and competitions in H1 2024
BOŚ in rankings and competitions in H1 2024 Golden Banker – BOŚ topping the ranking in social media category The selection of BOŚ as the 3rd best bank in Poland’s largest survey of the banking sector, organised by Bankier.pl and Puls Biznesu, came as one of the biggest surprises of this year’s ranki
Slide 11: III. Financial results
ROM BAN K Ill. Financial results
Slide 12: Scale of the Group’s credit assets
Scale of the Group’s credit assets 0.2% -109 122 10 791 10 767 -96 97 2 42 -24 -5 Loans 31 Dec 2023 Housing loans Other amounts Term facilities Commercial Other amounts Factoring Working capital Lease receivables Loans 30 Jun due from retail paper due from receivables facilities 2024 clients institu
Slide 13: Loan sales and share of green loans in the Group’s portfolio
Loan sales and share of green loans in the Group’s portfolio (PLN million) 49,7% 45,2% 1 914 1 916 1 048 963 866 953 1H2023 1H2024 Green loans Other loans Share of green loans 13
Slide 14: Funding cost of client deposits and total liabilities
Funding cost of client deposits and total liabilities -0.69pp -1.29pp -0.72pp 6,00% 4,71% 3,51% 3,61% 2,82% 2,89% I-IIQ.23 I-IIQ.24 I-IIQ.23 I-IIQ.24 I-IIQ.23 I-IIQ.24 Demand deposits Term deposits Total equity and liabilities Decrease in funding cost – interest rates on deposit adjusted to market c
Slide 15: Lending income from the Group’s loan portfolio
Lending income from the Group’s loan portfolio Portfolio lending income Effective lending rate = annualised interest income / average balance of loans over the period (standalone data) -0.44pp -0.57pp -0.44pp -0.83pp 8,28% 8,71% 7,84% 7,97% 7,53% 7,88% 7,06% 6,49% I-IIQ.23 I-IIQ.24 I-IIQ.23 I-IIQ.24
Slide 16: Interest margin from 2021
Interest margin from 2021 4,68% 4,11% 3,95% 3,86% 3,71% 3,62% 3,80% 3,83% 3,56% 3,85% 3,77% 3,53% 3,65% 3,60% 3,56% 2,92% 2,76% 2,20% 1,75% 1,82% 1,79% IQ.21 IIQ.21 IIIQ.21 IVQ.21 IQ.22 IIQ.22 IIIQ.22 IVQ.22 IQ.23 IIQ.23 IIIQ.23 IVQ.23 IQ.24 IIQ.24 Interest margin Interest margin excluding the effec
Slide 17: BOŚ Group business growth
BOŚ Group business growth Dom Maklerski BOŚ Lease receivables (PLN million) Factoring receivables (PLN million) number of investment accounts (thousand) +3 16.9% 4.8% 5.9% 189,6 231 242 162,2 478 506 1H2023 1H2024 1H2023 1H2024 1H2023 1H2024 Increase in the number of brokerage accounts and the scale
Slide 18: IV. Profit or loss components and risk
IV. Profit or loss components and risk
Slide 19: Yoy change in the Group’s net profit (PLN million)
Yoy change in the Group’s net profit (PLN million) Net profit (loss) H1 2023 55,8 Net interest income -8,5 Net fee and commission income -0,3 1 Net other income -17,4 PLN -5.5 Cost-of-risk -2,7 million Effect of legal risk – ‘large CJEU’ 54,3 YoY Administrative expenses -35,5 change Income tax expen
Slide 20: Risk ratios
Risk ratios LCR Key information Tier 1 capital ratio The Bank and the Group companies maintained the ratios 189% far above the minimum regulatory 16.65% levels. The Bank recorded an increase in its Tier 1 capital ratio to 16.65%, compared with 15.48% in H1 2023. Total Capital Ratio (TCR) rose to 17.
Slide 21: Thank you!
Thank you! Press Office: biuroprasowe@bosbank.pl Analyst enquiries: relacje.inwestorskie@bosbank.pl
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