Earnings Call Summary | BAWAG GROUP AG(BWAGF.US) Q1 2024 Earnings Conference
Earnings Call Summary | BAWAG GROUP AG(BWAGF.US) Q1 2024 Earnings Conference
There were total risk costs of €30 million, translating into a risk cost ratio of 28 basis points.The following is a summary of the BAWAG Group AG (BWAGF) Q1 2024 Earnings Call Transcript:
以下是BAWAG集團股份公司（BWAGF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
BAWAG Group AG reported a Q1 net profit of €167 million, earnings per share of €2.11, and a return on tangible common equity of 24%.
BAWAG demonstrated strong operating performance with pre-provision profits of €258 million and a cost-income ratio of 33%.
There were total risk costs of €30 million, translating into a risk cost ratio of 28 basis points.
Average customer loans were flat, and average customer deposits were up by 1% quarter-over-quarter.
CET1 ratio improved to 15.6% from 90 basis points year-over-year, after adjusting for the first quarter's dividend accrual of €92 million.
BAWAG集團股份公司報告稱，第一季度淨利潤爲1.67億歐元，每股收益爲2.11歐元，有形普通股回報率爲24％。
BAWAG表現出強勁的經營業績，撥備前利潤爲2.58億歐元，成本收入比率爲33％。
總風險成本爲3000萬歐元，相當於28個點子的風險成本比率。
平均客戶貸款持平，平均客戶存款同比增長1％。
經第一季度9200萬歐元的應計股息調整後，CET1比率從同比90個點子提高至15.6％。
Business Progress:
業務進展：
BAWAG Group has earmarked its excess capital for the acquisition of Knab Bank, among other strategic M&A opportunities.
The company is focusing on expanding its retail and SME franchise in the DACH/NL region, seeking to increase its customer business in this region to 80%-90%.
There has been significant M&A integration planning in the first four months of this year.
The group achieved successful refinancing of the U.S. CRE portfolio and expects the Knab deal will close in Q4 pending regulatory approval.
To invigorate customer interest, the group launched new treasury savings for Bundesschatz.
BAWAG集團已將其多餘資本專門用於收購Knab銀行以及其他戰略併購機會。
該公司正專注於擴大其在DACH/NL地區的零售和中小企業特許經營權，尋求將其在該地區的客戶業務增加到80％-90％。
今年前四個月已經制定了重要的併購整合計劃。
該集團成功實現了對美國CRE投資組合的再融資，並預計Knab的交易將在第四季度完成，等待監管部門的批准。
爲了激發客戶的興趣，該集團爲Bundesschatz推出了新的國庫儲蓄。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。