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BKS Bank : Half-year Financial Report 2023
BKS Bank : Half-year Financial Report
About this update from Bks Bank Ag
Half-Year Financial Report 2023 Table of Contents Table of Contents BKS Bank at a Glance 3 Highlights of the HY1 2023 4 Preface by the Chairwoman of the Management Board 6 Group Management Report 9 Economic Environment 10 Financial Position 11 Result of Operations 13 Segment Report 16 Consolidated Own Funds 18 Risk Management 19 Outlook 20 Consolidated Financial Statements pursuant to IFRS 23 Statement of Comprehensive Income for the Period 1 January to 30 June 2023 24 Consolidated Balance Sheet for the Period ended 30 June 2023 26 Consolidated Statement of Changes in Equity 27 Consolidated Statement of Cash Flows 29 Notes to the Consolidated Financial Statements of BKS Bank 30 Management's Responsibility for the Financial Statements 49 Financial Calendar 2023 50 Forward-looking statements This half-year financial report contains statements and forecasts that refer to the future development of the BKS Bank Group. The forecasts are our estimates based on the information at our disposal on the copy deadline 23 August 2023. Should the assumptions regarding such forward-looking statements prove incorrect or should risks materialize to an extent not anticipated, the actual results may vary from those currently expected. This half-year financial report does not constitute a recommendation to buy or sell shares of BKS Bank AG. Disclaimer This half-year financial report is an unaudited translation from the German into English for the convenience of readers. As auditing is not mandatory for this interim report, it has not been audited or reviewed by an auditor. Any minimal deviations of the values in the tables and charts are due to rounding differences. 2 BKS Bank at a Glance BKS Bank at a Glance Income Statement in €m HY1/2022 HY1/2023 ± in % Net interest income 69.6 120.7 73.4 Impairment charges -13.4 -28.8 >100 Net fee and commission income 35.4 31.5 -10.9 General administrative expenses -65.7 -80.3 22.2 Profit for the period before tax 33.2 89.6 >100 Profit for the period after tax 31.2 82.1 >100 Balance sheet in €m 31/12/2022 30/06/2023 Total assets 10,533.0 10,511.3 -0.2 Receivables from customers 7,175.3 7,243.2 0.9 Primary deposits 7,872.1 7,809.3 -0.8 • thereof savings deposits 1,258.9 1,092.0 -13.3 • thereof securitised liabilities incl. subordinated debt capital 1,048.3 1,056.2 0.7 Shareholders' equity 1,543.8 1,665.0 7.8 Customer funds under ...