Banco Bpm Societa Ord (BNCZF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, this is the Chorus Call Conference Operator. Welcome, and thank you for joining the full year 2024 Banco BPM Group Results and Business Plan 2024-2027 Update 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. Arne Riscassi, Investor Relations Manager of Banco Bpm. Please go ahead, sir. Good morning, everybody. Thanks for joining the call. Let me just remind you that on the website you can find all the material presentation for this conference call that, as you know, will present the full year results and the update of the strategic plan. And now I leave the floor to Mr. Castagna. Thank you. Good morning everybody. Thank you for being with us. Very important day for us to be here to present the 24 results and the update of our business plan. We call the continuation a solid and continuing success story because we want to show with this plan how the last eight years was characterized by commitment from our side and delivery. Not a single year below expectation. Now we are at the final step of transformation of a solid commercial bank into a well-diversified integrated conglomerate with strong support from commission and product factory up to 50% of our net profit. So Banco Bpm for us is the place to be and we want to write the new roadmap towards 24% of ROT. Let's start from 24 results. All time high for our bank, net income stated at 1.9 billion with 1.5 billion of dividends distributed. Let me remember the former target of net profit for the plan was the same amount which wi...