Attica Bank S A : 30/09/2021 Interim Consolidated Financial Statements

CONDENSED INTERIM

CONSOLIDATED FINANCIAL

INFORMATION

FOR THE PERIOD ENDED

30 September 2021

In accordance with International Accounting Standard 34

(as adopted by the E.U.)

The Condensed Interim Consolidated Financial Information for the nine month period of 2021, as well as the notes attached, have been approved by the Board of Directors at the meeting held on 28 December 2021 and have been posted on the Bank's website.

Athens, 28 December 2021

THE CHAIRMAN OF	THE CHIEF	THE C.F.O.	THE DIRECTOR OF
THE BOARD OF	EXECUTIVE OFFICER		FINANCIAL
DIRECTORS			MANAGEMENT

KONSTANTINOS G.	THEODOROS N.	NIKOLAOS L.	EVAGGELOS G.
MAKEDOS	PANTALAKIS	KOUTSOGIANNIS	RIZOS
ID No. AZ 148332	ID No. ΑΕ 119288	ID No. ΑΕ 241810	ID No. Ξ 989060

TABLE OF CONTENTS OF CONDENSED INTERIM CONSOLIDATED FINANCIAL
INFORMATION
Note	Page
Interim consolidated income statement.....................................................................................................................................	4
Interim consolidated statement of comprehensive income ......................................................................................................	5
Interim consolidated statement of financial position ................................................................................................................	6
Interim consolidated statement of changes in equity ................................................................................................................	7
Interim consolidated statement of cash flows............................................................................................................................	9
1. General Information ..............................................................................................................................................................	10
2. Basis of Preparation ...............................................................................................................................................................	11
(2.1) Statement of preparation.........................................................................................................................................................	11
(2.2) Going concern..........................................................................................................................................................................	11
(2.3) Accounting policies applicable from 01.01.2021 ....................................................................................................................	16
(2.4) Accounting Estimates..............................................................................................................................................................	17
3. Principal accounting policies ................................................................................................................................................	18
4. Fair value of financial instruments.......................................................................................................................................	18
5. Capital adequacy....................................................................................................................................................................	21
6. Operating segments...............................................................................................................................................................	22
7. Net interest income ...............................................................................................................................................................	23
8. Net commission income........................................................................................................................................................	23
9. Operating expenses ...............................................................................................................................................................	24
10. Profit / (loss) from investment portfolio ............................................................................................................................	25
11. Taxes .....................................................................................................................................................................................	26
12. Earnings / (Losses) per share - basic and diluted .............................................................................................................	33
13. Investment securities...........................................................................................................................................................	33
14. Loans and advances to customers at amortized cost .........................................................................................................	36
15. Subsidiaries of the Group ...................................................................................................................................................	40
16. Investment in associates and joint ventures.......................................................................................................................	41
17. Assets held for sale ...............................................................................................................................................................	42
18. Intangible assets ..................................................................................................................................................................	42
19. Tangible assets .....................................................................................................................................................................	42
20. Due to financial institutions ...............................................................................................................................................	43
21. Due to customers .................................................................................................................................................................	43
22. Debt securities in issue........................................................................................................................................................	44
23. Equity...................................................................................................................................................................................	45
24. Related party transactions ..................................................................................................................................................	47
25. Contingent liabilities and commitments ............................................................................................................................	48
25.1 Off balance sheet liabilities and pledged assets ......................................................................................................................	48
25.2 Tax liabilities ...........................................................................................................................................................................	49
25.3 Legal cases ...............................................................................................................................................................................	49
25.4 Other provisions ......................................................................................................................................................................	49
25.5 Law 3554/16 April 2007 "Income policy period 2007, tax and other statutes" ....................................................................	50
26. Events after 30 September 2021.........................................................................................................................................	52

Condensed Interim Consolidated Financial Information for the period ended on 30th September 2021

Interim consolidated income statement

			Group
		From 1st January to	From 1st July to
(Amounts in thousand €)	Note	30.09.2021	30.09.2020	30.09.2021	30.09.2020
Interest and similar income		60,156	68,885	14,750	24,318
Less: Interest expense and similar expenses		(24,761)	(30,620)	(8,139)	(9,681)
Net interest income	7	35,395	38,265	6,611	14,637
Fee and commission income		11,420	9,088	4,784	3,615
Less: Fee and commission expense		(7,718)	(6,648)	(3,090)	(2,504)
Net fee and commission income	8	3,701	2,439	1,693	1,112
Profit / (loss) from financial transactions		(1,520)	1,852	(230)	419
Profit / (loss) from investment portfolio	10	(1,063)	10,774	3,757	4,085
Other income / (expenses)		2,247	1,888	578	649
Operating income		38,762	55,218	12,410	20,900
Personnel expenses	9	(25,229)	(26,019)	(7,846)	(8,461)
General operating expenses	9	(15,013)	(13,183)	(6,073)	(5,140)
Depreciation expense	9	(10,616)	(9,889)	(3,583)	(3,489)
Total operating expenses		(50,858)	(49,092)	(17,503)	(17,090)
Profit / (Loss) before tax and provisions		(12,096)	6,127	(5,092)	3,811
Provisions for expected credit losses and other impairment	14	(7,572)	(37,896)	(2,169)	(10,060)
Impairment charge for other assets	9	(250)	(1,258)	0	2
Staff leaving expense	9	(212)	(1,172)	(4)	0
Results from investments in associates		319	420	0	3
Profit / (loss) before income tax		(19,811)	(33,779)	(7,265)	(6,245)
Less: income tax	11	(7,052)	(1,884)	(102)	128
Profit / (loss) for the period		(26,863)	(35,664)	(7,367)	(6,116)
Attributable to:
Equity owners of the Bank		(26,863)	(35,664)	(7,367)	(6,116)
Basic and diluted earnings / (losses) per share (in €)	12	(0.0591)	(0.0773)	(0.0164)	(0.0133)

The attached Notes (pages 10 to 52) form an integral part of the Condensed Interim Consolidated Financial Information of 30 September 2021

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Condensed Interim Consolidated Financial Information for the period ended on 30th September 2021

Interim consolidated statement of comprehensive income

		Group
	From 1st January to	From 1st July to
(Amounts in thousand €)	30.09.2021	30.09.2020	30.09.2021	30.09.2020
Profit / (Loss) for the period after income tax
recognized in the Income Statement	(26,863)	(35,664)	(7,367)	(6,116)
Amounts that may be reclassified in the income
statement
Financial assets at Fair Value through Other
Comprehensive Income (FVOCI)
Change in fair value (before tax)	(177)	(2,719)	1,442	(3,630)
Transfer to Income Statement (before Tax)	2,040	(3,167)	0	(27)
Income Tax	(540)	1,707	(418)	1,060
Amounts that will not be reclassified in the Income
Statement
Actuarial gains / (losses) on defined benefit obligations	61	(347)	0	0
Income Tax	(18)	101	0	0
Total other comprehensive income / (expenses)
recognized directly in equity, after income tax	1,366	(4,426)	1,024	(2,596)
Total comprehensive income / (expenses), after income
tax	(25,497)	(40,089)	(6,343)	(8,713)
Attributable to:
Equity owners of the Bank	(25,497)	(40,089)	(6,343)	(8,713)

The attached Notes (pages 10 to 52) form an integral part of the Condensed Interim Consolidated Financial Information of 30 September 2021

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