Bawag Group Ag Ord (BWAGF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

good day and thank you for standing by welcome to the BAVAG group Q3 2025 results conference call at this time all participants are in a listen-only mode after the speaker's presentation there will be a question and answer session to ask a question during the session you will need to press star 1 1 on your telephone you will then hear an automated message advising your hand is raised to withdraw your question please press star one, one again. Please be advised that today's conference is being recorded. There will also be a transcript published on the company's website. I would now like to hand the conference over to your speaker today, Anas Abouzikouk, CEO of the company. Please go ahead. Thank you, operator. I hope everyone is doing well this morning. I'm joined by Enver, our CFO. Let's start with a summary of Third quarter results on slide three. We delivered net profit of 219 million euros, EPS of 2.77 euros, and return on tangible common equity of 28%. The performance of our business was strong with operating income of 555 million, pre-provision profits of 354 million, and a cost-to-income ratio of 36%. Total risk costs were 52 million, translating into a risk-cost ratio of 37 basis points as we continue to see solid credit performance across our businesses. In terms of our balance sheet and capital, average customer loans were up 1%, and average customer deposits were down 2%, quarter over quarter. We have a Fortress balance sheet with $13.5 billion of cash, an LCR of 201%, and an overall strong asset quality with a low NPL ratio of 76 basis points. During the third quarter, we completed our 175 million share buyback. We canceled 1.6 million shares, leaving us with 77 million shares outstanding, which is down 23% from our IPO back in 2017. For the quarter, we la...