BKS Bank : Half-year Financial Report 2021 (PDF - 1,2MB)

Half-Year Financial Report 2021

Table of Contents

Table of Contents

BKS Bank at a Glance	3
Highlights in first Half-Year 2021 4
Preface by the Chairwoman of the Management Board	6
Group Management Report	9
Economic Environment	10
Assets, Equity and Liabilities	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 January 1 to 30 June 2021 24

Consolidated Balance Sheet for the Period ended 30 June 2021	27
Consolidated Statement of Changes in Equity	28
Consolidated Statement of Cash Flows	30
Notes to the Consolidated Financial Statements of BKS Bank	31
Management's Responsibility for the Financial Statements	51
Financial Calendar 2021 52

Forward-looking statements

This annual 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 25 August 2021. Should the assumptions on which the forecasts are based fail to materialize or the risks described in the Risk Report occur, the actual results may differ from those currently expected. This half-year financial report does not constitute a recommendation to buy or sell shares of BKS Bank AG.

Disclaimer

As auditing is not mandatory for this half-year financial report. Therefore, it has not been audited or reviewed by an auditor. The German version of this report is the authentic version and is relevant in all legal aspects. Interim reports in English are translations from the German.

Any minimal deviations of the values in the tables and charts are due to rounding differences.

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			BKS Bank at a Glace
BKS Bank at a Glance
Income Statement in €m
HY1 2020	HY1 2021	± in %
Net interest income	70.0	67.5	-3.6
Impairment charges	-15.4	-9.5	-38.5
Net fee and commission income	32.0	33.3	4.3
General administrative expenses	-60.4	-64.4	6.6
Profit for the period before tax	23.2	43.5	87.5
Profit for the period after tax	19.8	36.6	84.8
Balance Sheet in €m	31/12/2020	30/06/2021	± in %
Total assets	9,856.5	10,279.3	4.3
Receivables from customers after impairment charges	6,570.0	6,752.8	2.8
Primary deposits	7,399.3	7,930.1	7.2
• thereof savings deposits	1,401.7	1,391.7	-0.7
• thereof securitized debt incl. subordinated debt capital	857.0	935.6	9.2
Shareholders' equity	1,362.7	1,411.0	3.5
Customer funds under management	18,958.5	20,720.4	9.3
• thereof on custody accounts	11,559.2	12,790.3	10.7
Own Funds pursuant to CRR in €m	31/12/2020	30/06/2021	± in %-points
Total risk exposure amount	5,664.1	5,786.5	2.2
Own funds	916.1	952.3	4.0
• thereof common equity tier 1 (CET1) capital	669.3	674.1	0.7
• thereof total tier 1 capital (CET1+AT1)	725.2	739.3	1.9
Common equity tier 1 capital ratio (in %)	12.8	12.8	-
Total capital ratio (in %)	16.2	16.5	0.3
Performance Ratios	31/12/2020	30/06/2021	± in %-points
Return on equity after tax	5.6	5.3	-0.3
Return on assets after tax	0.8	0.7	-0.1
Cost/income ratio	53.9	57.4	3.5
Risk/earnings ratio	18.5	14.0	-4.5
Non-performing loan ratio (NPL ratio)	1.7	1.7	-
Net stable funding ratio (NSFR)	117.2	121.8	4.6
Liquidity coverage ratio (LCR)	158.1	196.5	38.4
Leverage ratio	8.0	8.0	-
Resources	31/12/2020	30/06/2021
Average number of staff	963	985
Number of branches	64	64
BKS Bank shares	31/12/2020	30/06/2021
Number of ordinary no-par shares (ISIN AT0000624705)	41,142,900	42,942,900
Number of ordinary no-par shares (ISIN AT0000A2HQD1)	1,800,000	-
High (ordinary/ordin. exchange shares/pref. shares) in €	16.0/13.6/15.0	13.5/-/-
Low (ordinary/ordin. exchange shares/pref. shares) in €	11.3/11.8/10.3	11.5/-/-
Close (ordinary/ordin. exchange shares/pref. shares) in €	12.5/13.6/0.0	11.5/-/-
Market capitalisation in €m	538.8	493.8

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Highlights in first Half-Year 2021

Highlights

in first Half-Year 2021

Strong signal for equality

Univ.-Prof.Dr. Sabine Urnik was unanimously elected Chairwoman of the Supervisory Board. BKS Bank AG is the only listed company at which women hold top positions on the Management Board, Supervisory Board and Works Council.

New Design for

Spittal Branch

The branch at Spittal an der Drau is the first one to feature our brand new design. The branch was renovated and modernized.

Highest recommendation rate

According to independent market research, we have the highest customer recommendation rate in all of Austria. We would like to sincerely thank our customers for the trust placed in us.

2.3	Employee satisfaction
A recently conducted employee survey resulted in an excellent
	overall satisfaction rate of 2.3 on a scale from one to six.
	We are very pleased about this high ranking by our employees.

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Highlights in first Half-Year 2021

Best in investment advisory services

The organisation "Österreichische Gesellschaft für Verbraucherstudien" (Austrian Society for Consumer Studies) awarded BKS Bank AG the highest distinction for its investment advisory services.

Sustainability Award of the Vienna

Stock Exchange

The Vienna Stock Exchange conferred the Sustainability Award in the category Financial Services to BKS Bank for our sustainable corporate policies.

Member of the VÖNIX

Sustainability Index

For the fifth time in a row, BKS Bank's ordinary shares were included in the VÖNIX Sustainability Index of the Vienna Stock Exchange.

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