Banco Bpm Societa Ord (BNCZF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, this is the Coral School Conference Operator. Welcome and thank you for joining the Banco Bpm Group 9-month 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 and welcome to Banco BPM 9-month results conference call. We have here Giuseppe Castagna, our CEO, and Edoardo Ginevra, Joint General Manager and CFO, which will take you through the presentation. This will be, as you know, followed by Q&A session, and I kindly ask you to limit yourself to two questions. Now I hand over to Giuseppe. Thank you, Arne. Thank you, everybody, for being with us for this Q3 presentation. Let's start immediately on page six of our presentation. We wanted to show you just a full picture of what we are doing, and now we are delivering our vision that we announced with our business plan February this year. We think we have completely almost the product factory activity that we started two and a half years ago with the bank insurance, payment system, life insurance, and recently asset under management. This brought us already quite a relevant set of results. Let's say almost $400 billion of total customer financial assets 49% of fee-based generated models, so non-NII revenues on total revenues, a strong reduction on NPE ratio, 2.48 gross and 1.4 net, and maintaining and building up, again, a strong capital position up to 13.52%. profitability is growing as we expected. We have now reached a ROTE of 22% vis-...