BFF Bank S.p.A. (BFFBF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to BFF Banking Group First Half twenty twenty six Earnings Call. All participants will be in listen only mode. Please note this event is being recorded. I would like to turn the conference over to Caterina de la Mora, Head of Investor Relations Giuseppe Sica, Group CEO and Luigi Luelli, Group CFO. Please go ahead. Good evening and good afternoon to those joining us from other time zones. We will start with a presentation by our CEO, Giuseppe Sica and our new CFO, Ruigi Rubelli, followed by Q and A. Let me hand over now to Giuseppe. Thank you, Katharina. Let's start on Slide two with the key highlights, which reflect our focus on execution and the strategic deleveraging, which will have to continue in coming quarters. This focus on execution and the resilience of the bank has enabled us to grow adjusted net profit by 8% versus first half twenty twenty five, even in what remains and will continue to be a challenging environment. Our Payments and Security Services business continued to perform well, as you will see in a moment. In line with our strategic deleveraging, we are managing the factoring and lending business in a very disciplined manner. We must act decisively on calendar provision and have started to do so. Notwithstanding the anticipation of calendar provisioning from 3Q to 2Q, we have maintained our pro form a capital ratios above regulatory requirements as we said we would do. Finally, while we are pleased with our execution to date, we know that we have to address the effects of future calendar provisioning and are working to do just that. This is why we have a number of strategic options under review, which includes, but are not limited to, possible securitization. A fundamental review in the MISS model is under consideration....