Bawag Group Ag Ord (BWAGF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.339 and thank you for standing by. Welcome to the BABAG Group Second Quarter 00:00:05.339 -- 00:00:07.663 2025 Results 00:00:07.663 -- 00:00:13.231 Call. At this time, all participants are in a listen-only mode. 00:00:13.231 -- 00:00:17.297 After the speaker's presentation, there will be a question and answer session. 00:00:17.297 -- 00:00:22.445 To ask a question during this session, you will need to press star 1, 1 00:00:22.445 -- 00:00:28.415 on your telephone. You will then hear an automated message advising your hand is raised. 00:00:28.415 -- 00:00:33.701 To withdraw your question, please press star 1, 1 again. 00:00:33.701 -- 00:00:37.606 Please be advised that today's conference is being recorded. 00:00:37.606 -- 00:00:42.252 There will also be a transcript published to the website. 00:00:42.252 -- 00:00:47.478 I would now like to hand the conference over to your speaker today, Anas Abazoukou, Chief 00:00:47.478 -- 00:00:51.360 Executive Officer. Please go ahead. 00:00:52.584 -- 00:00:56.128 Thank you, operator. I hope everyone is doing well this morning. 00:00:56.128 -- 00:01:01.842 I'm joined by Enver, our CFO. Let us start with a summary of the second quarter results 00:01:01.842 -- 00:01:04.084 on slide three. 00:01:04.084 -- 00:01:10.070 We delivered net profit of 210 million euros, earnings per share of 2.65 euros, 00:01:10.070 -- 00:01:15.855 and a return on tangible common equity of 28% during the quarter. 00:01:15.855 -- 00:01:21.880 The performance of our business was strong with operating income of 552 million euros, 00:01:21.880 -- 00:01:27.190 up 41% versus the prior year, pre-provision profits of 345 million, 00:01:27.190 -- 00:01:32.336 and a cost-income ratio of 37%. Total risk costs were $52 00:01:32.336 -- 00:...