BFF Bank S.p.A. (BFFBF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.879 Good afternoon and welcome to the BUSF Banking Group's first quarter 2025 earnings 00:00:05.879 -- 00:00:09.984 call. All participants will be in listen-only mode. 00:00:09.984 -- 00:00:13.669 Should you need assistance, please signal a conference specialist by pressing the star 00:00:13.669 -- 00:00:15.751 key followed by zero. 00:00:15.751 -- 00:00:19.757 After today's presentation, there will be an opportunity to ask questions. 00:00:19.757 -- 00:00:24.903 To ask a question, you may press star, then one on your touch-tone phone. 00:00:24.903 -- 00:00:27.967 To withdraw your question, press star and two. 00:00:27.967 -- 00:00:31.216 Please note this event is being recorded. 00:00:31.216 -- 00:00:33.178 I would like to turn the conference over to Mr. 00:00:33.178 -- 00:00:35.321 Massimiliano Bellingeri, 00:00:35.321 -- 00:00:40.367 Group CEO, and Giuseppe Sica, Group CFO. Please go ahead, 00:00:40.367 -- 00:00:42.367 gentlemen. 00:00:43.251 -- 00:00:43.931 Hi, everybody. 00:00:43.931 -- 00:00:48.257 Thanks for joining us today for the reporting of first quarter results. 00:00:48.257 -- 00:00:52.422 There are still more important events happening in 00:00:52.422 -- 00:00:56.527 Rome. I appreciate that you are here with us listening to our results. 00:00:56.527 -- 00:01:00.157 We are pleased to report a good start of the year. 00:01:00.157 -- 00:01:06.224 in any respect, with adjusted net profit of 35 billion, 00:01:06.224 -- 00:01:11.290 which reminded our target despite the high rescheduling of the taxing 00:01:11.290 -- 00:01:15.715 portfolio, which is revenue deferred and will be recovered 00:01:15.715 -- 00:01:20.841 in the following quarters. Taxing has a strong start of the year, with 00:01:20.841 -- 00:01:26.027 profit befor...