Brief: Addiko Bank Q1 Result After Tax At EUR 5.0 Mln

Addiko Bank AG

05/05/2021 06:22

May 5 (Reuters) - ADDIKO BANK AG  ADKO.VI :
    * 1Q21 RESULT AFTER TAX OF EUR 5.0MN VERSUS. 1Q20'S EUR
-8.4MN
    * OPERATING RESULT AT EUR 11.3MN (1Q20: EUR 14.3MN) DRIVEN
BY
LOWER LOAN BOOK AS WELL AS ONE-OFF COSTS AND REGULAR BONUS
ACCRUALS IN 1Q21
    * FURTHER CONDITIONAL DIVIDEND OF UP TO EUR 2.03 PER SHARE
APPROVED
    * FURTHER CONDITIONAL DIVIDEND OF UP TO EUR 2.03 PER SHARE
APPROVED AND NEW SUPERVISORY BOARD MEMBER ELECTED IN AGM ON 26
APRIL 2021
    * Q1 CET1 RATIO STAYED STRONG AT 20.0% ON A TRANSITIONAL
BASIS
(19.2% IFRS 9 FULLY-LOADED) WITH APPROVED DIVIDEND AMOUNT OF UP
TO C. EUR 46.6MN ALREADY DEDUCTED
    * Q1 NET INTEREST INCOME DECLINED BY 7.5% TO EUR 41.9MN
(1Q20: EUR
45.3MN, 4Q20: EUR 43.0MN)
    * Q1 NET FEE AND COMMISSION INCOME ALSO DECREASED YOY BY
3.0% TO
EUR 14.8MN (1Q20: EUR 15.3MN)

Source text for Eikon:  ID:nPexBp11Ta 
Further company coverage:  ADKO.VI 

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