Banco Bpm Societa Ord (BNCZF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, this is the Coruscall Conference Operator. Welcome and thank you for joining the Banco BPM Group H1 2025 results presentation. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Arneris Cassi, IR Manager of Banco BPM. Please go ahead, sir. Good afternoon, everybody, and thanks for joining the Banco BPM Alfea Results conference call. Giuseppe Castagna, our CEO, and Eduardo Gineva, Joint General Manager and CFO, will take you through the presentation, which will follow by Q&A session. Please, just let me remind you to limit to maximum two questions each. I will hand over to Mr. Castagna. Good evening, everybody. Welcome to our H1 presentation. Very happy to give you this presentation, which is full of good results and state of art of our business plan target already reached in our H1. First of all, very good net income at an all-time high at $1.2 billion. 110 million. Well on track on our target of this year, 1 billion and 150 million. Very good news also from Capital. Remember that we had a guidance of 13%. We are already at 13.3% of chat one. Also, of course, this will be the first presentation which we have also consolidated from the second quarter ANIMA results. So I will try to give you both figure one like for like without anima contribution and of course the stated one which includes also anima contribution which mean Q2 contribution plus the one off on capital gain. Let's start from net income. 31% like for like increase. from 750 million H1 last year to almost 1 billion, 984 milli...