Full highlights

Group, EUR millions

	9m`23	9m`22	12M `22	12M `21
Net interest income	138.8	83.3	118.8	107.0
Net fee and commission income	29.0	30.4	37.6	34.1
Net financial and other income	6.5	3.5	11.7	8.6
Operating income	174.3	117.3	168.2	149.7
Operating expense	(73.5)	(67.6)	(91.6)	(84.1)
Net credit losses and impairments	6.5	(15.0)	(23.8)	(1.6)
Net profit from continuous operations (after tax)	100.2	34.1	50.8	62.2
Return on average assets (ROA)	2.7%	0.9%	1.00%	1.33%
Return on average equity (ROE)	29.0%	11.3%	12.4%	16.8%
Cost to income ratio (CIR)	42.2%	57.6%	54.45%	56.19%
Cost of risk ratio (COR)	(0.3%)	0.7%	0.8%	0.1%

*Only continuous operations shown. Comparatives are restated for discontinued operations of Kaleido Privatbank AG (Swiss subsidiary bank of the Group) which is committed for sale and thus excluded from the presented key figures. Comparative figures for 2022 have been restated due to the adoption of IFRS 17, earlier comparative figures are not restated for IFRS 17.

Group, EUR millions

	30 Sept 2023	30 Jun 2023	31 Dec 2022	31 Dec 2021	31 Dec 2020	31 Dec 2019
Total assets	4,831	4,884	5,405	5,055	4,597	3,743
Loans to public	2,853	2,927	2,966	2,702	1,541	1,568
Deposits and borrowings from customers	3,824	3,872	4,026	3,814	3,671	3,290
Shareholders' equity	501	465	420	397	344	341
Loan-to-deposit ratio	75%	76%	74%	73%	42%	48%

Key figures and events of the Group

Citadele’s Baltic operations net profit for the first 9 months of 2023 reached EUR 100.2 million, representing a 29.0% return on equity and CIR of 42.2%; Q3 2023 Baltic operations net profit reached EUR 35.7 million, representing a return on equity of 29.6% and CIR of 40.6%
In the 9 months, ended 30 September 2023, Citadele issued EUR 621 million in new financing to support Baltic private, SME and corporate customers. EUR 192 million was issued in Q3 2023
Citadele’s customer deposit base remained stable at EUR 3,824 million as of 30 September 2023
Citadele continues to operate with more than adequate capital and liquidity ratios. The Group’s CAR (including net result for the period) was 24.8%, CET1 22.2% and LCR of 209% as of 30 September 2023
The review of strategic alternatives has been progressing and the bank has appointed advisors to support the work. Citadele is in the process of evaluating the options where a potential IPO (Initial Public Offering) is one strong consideration.