Attica Bank S A : 30/09/2022 Interim Consolidated Financial Statements

CONDENSED INTERIM

CONSOLIDATED FINANCIAL

INFORMATION

FOR THE PERIOD ENDED

30 September 2022

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 2022, as well as the notes attached, have been approved by the Board of Directors at the meeting held on 28 December 2022 and have been posted on the Bank's website.

Athens, 28 December 2022

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

KONSTANTINOS G.	ELENI CH.	NIKOLAOS L.	EVAGGELOS G.
MAKEDOS	VRETTOU	KOUTSOGIANNIS	RIZOS
ID No. AZ 148332	ID No. ΑB 515487	ID No. ΑΕ 241810	ID No. Ξ 989060

Condensed Interim Consolidated Financial Information for the period ended on 30th September 2022

Condensed Interim Consolidated Financial Information for the period ended on 30th September 2022

TABLE OF CONTENTS OF CONDENSED INTERIM CONSOLIDATED FINANCIAL
INFORMATION
Note	Page
Interim consolidated income statement	5
Interim consolidated statement of comprehensive income	6
Interim consolidated statement of financial position	7
Interim consolidated statement of changes in equity	8
Interim consolidated statement of cash flows	10
1. General Information	11
2. Basis of Preparation	13
(2.1) Statement of preparation	13
(2.2) Going concern	13
(2.3) Accounting policies applicable from 01.01.2022	17
(2.4) Accounting Estimates	18
3. Principal accounting policies	20
4. Fair value of financial instruments	20
5. Capital adequacy	23
6. Operating segments	25
7. Net interest income	26
8. Net commission income	26
9. Operating expenses	27
10. Profit / (loss) from investment portfolio	28
11. Taxes	29
12. Earnings / (Losses) per share - basic and diluted	36
13. Investment securities	36
14. Loans and advances to customers at amortized cost	39
15. Subsidiaries of the Group	43
16. Investment in associates and joint ventures	44
17. Intangible assets	44
18. Tangible assets	44
19. Due to financial institutions	45
20. Due to customers	45
21. Debt securities in issue	46
22. Equity	47
23. Related party transactions	49
24. Contingent liabilities and commitments	51
24.1 Off balance sheet liabilities and pledged assets	51
24.2 Tax liabilities	52
24.3 Legal cases	52
24.4 Other provisions	52
24.5 Law 3554/16 April 2007 "Income policy period 2007, tax and other statutes"	53
25. Events after 30 September 2022	55

Condensed Interim Consolidated Financial Information for the period ended on 30th September 2022

Interim consolidated income statement

			Group
		From 1st January to	From 1st July to
(Amounts in thousand €)	Note	30.09.2022	30.09.2021	30.09.2022	30.09.2021
Interest and similar income		46,850	60,156	16,373	14,750
Less: Interest expense and similar expenses		(17,691)	(22,034)	(5,452)	(7,208)
Net interest income	7	29,158	38,123	10,920	7,542
Fee and commission income		12,781	11,420	4,777	4,784
Less: Fee and commission expense		(8,186)	(7,718)	(3,434)	(3,090)
Net fee and commission income	8	4,595	3,701	1,343	1,693
Profit / (loss) from financial transactions		(3,511)	(1,520)	(1,280)	(230)
Profit / (loss) from investment portfolio	10	(599)	(1,063)	(583)	3,757
Other income / (expenses)		1,692	2,247	908	578
Operating income		31,335	41,489	11,309	13,341
Personnel expenses	9	(22,858)	(25,229)	(7,180)	(7,847)
General operating expenses	9	(30,150)	(17,740)	(13,928)	(7,003)
Depreciation expense	9	(12,538)	(10,616)	(4,287)	(3,583)
Total operating expenses		(65,547)	(53,585)	(25,396)	(18,433)
Profit / (Loss) before tax and provisions		(34,212)	(12,096)	(14,087)	(5,092)
Provisions for expected credit losses and other impairment	14	3,310	(7,572)	8,619	(2,169)
Impairment charge for other assets	9	(250)	(250)	0	0
Staff leaving expense	9	(683)	(212)	(293)	(3)
Results from investments in associates		(304)	319	0	0
Profit / (loss) before income tax		(32,140)	(19,811)	(5,760)	(7,265)
Less: income tax	11	(9,270)	(7,052)	(5,831)	(102)
Profit / (loss) for the period		(41,410)	(26,863)	(11,591)	(7,367)
Attributable to:
Equity owners of the Bank		(41,410)	(26,863)	(11,591)	(7,367)
Basic and diluted earnings / (losses) per share (in €)	12	(0.0338)	(0.0591)	(0.0095)	(0.0164)

The attached Notes (pages 11 to 55) form an integral part of the Condensed Interim Consolidated Financial Information of 30 September 2022

5