The third quarter of 2022 was characterised by a turbulent world that included inflation, higher key interest rates and rising electricity prices. At the same time,
1 JULY–30 SEPTEMBER 2022*
· Lending to the public rose 12% to
· Operating income increased 6% to
· C/I before credit losses was 40.6% (38.9%).
· Last year’s figure was positively impacted by the dissolution of the extra credit provision of
· The credit loss ratio, adjusted for last year’s nonrecurring item, was unchanged at 2.2% (2.2%), and including the dissolution of the pandemic provision the ratio last year was 1.2%.
· Operating profit fell 4% to
· Earnings per share declined 4% to
1 JANUARY –
· Lending to the public rose 12% to
· Operating income increased 1% to
· The period included a nonrecurring cost of
· C/I before credit losses was 41.7% (41.1%), and 43.8% including nonrecurring items.
· The credit loss ratio, adjusted for last year’s nonrecurring item, improved to 2.1% (2.3), and including nonrecurring items the ratio last year was 2.0%.
· Operating profit was stable at
· Earnings per share were stable at
* Certain performance measures provided in this section have not been prepared in accordance with IFRS or the capital adequacy rules, meaning that they are alternative performance measures. Calculations and reconciliation against information in the financial statements of these performance measures are provided on the website under “Financial reports.” Definitions of performance measures are provided on the website under “Financial data.”
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