Alpha Services and Holdings S.A. (ALBKY) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I am Gail, your course call operator. Welcome and thank you for joining the Alpha Services and Holdings conference call to present and discuss the first quarter 2024 financial results. All participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. At this time, I would like to turn the conference over to Alpha Services and Holdings Management. Gentlemen, you may now proceed. Hello, everyone. I'm Iasson Kepap-Tsoglou, Alpha Bank's Head of Investor Relations. Thank you for joining us. As usual, Vassilios Psaltis, our CEO, will lead the call, summarizing Q1 and providing you with a few updates on the outlook. And then Lazaros Papagarifalou, our CFO, will take the floor. to take you through this quarter's numbers. As ever, we will take Q&A in the end, and we hope to finish within the hour. Vasilis, over to you. Thank you, Yasson. Good morning, everyone, and thank you for joining. Let's start with the Q1 results on slide four, please. This quarter, We're very proud to have delivered 211 million euros in profit, which is, please note, the highest number reported since the third quarter of 2007 and the onset of the global financial crisis. We have delivered a 13.5% return on tangible equity and 9 cents of earnings per share for our shareholders. Our operating performance has been fueled by growth in our top line, marked progress in fee income generation, solid management of operating leverage, and a continuing improvement in provisions. We continue to grow our loan and AUM balances and position the business to m...