Bawag Group Ag Ord (BWAGF) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.702 -- 00:00:07.428 Good day and thank you for standing by. Welcome to the BAWAG Group Q1 2025 00:00:07.428 -- 00:00:13.173 results call. At this time, all participants are in a listen-only mode. 00:00:13.173 -- 00:00:16.677 After the speaker's presentation, there will be a question and answer session. 00:00:16.677 -- 00:00:21.922 To ask a question during the session, you will need to press star 1 and 1 on 00:00:21.922 -- 00:00:27.705 your telephone. You will then hear an automated message raised. 00:00:28.028 -- 00:00:32.110 To withdraw your question, please press star 1 and 1 again. 00:00:32.110 -- 00:00:35.355 Please be advised that today's conference is being recorded. 00:00:35.355 -- 00:00:40.563 There will also be a transcript published on the website. 00:00:40.563 -- 00:00:45.871 I would now like to hand the conference over to your speaker today, Anas Abuzakouk, 00:00:45.871 -- 00:00:49.052 CEO. Please go ahead. 00:00:49.876 -- 00:00:53.181 Thank you, operator. I hope everyone is well. 00:00:53.181 -- 00:00:56.426 I am joined this morning by Enver, our CFO. 00:00:56.426 -- 00:01:01.591 Let us start with the summary of the first quarter results on slide three. 00:01:01.591 -- 00:01:06.777 We delivered net profit of 201 million, earnings per share of 2 euros and 54 00:01:06.777 -- 00:01:13.065 cents, and a return on tangible common equity of 26% during the first quarter. 00:01:13.065 -- 00:01:18.631 The performance of our business was strong, with operating income of 534 million, up 00:01:18.631 -- 00:01:24.438 39% versus prior year, pre-provision profits of 336 million, 00:01:24.438 -- 00:01:27.963 and a cost-income ratio of 37%. 00:01:27.963 -- 00:01:32.507 As we closed Barclays Consumer Bank Europe in February, and are focused on integrating 0...