Earnings Call Summary | PIRAEUS FINANCIAL HOLDINGS S.A UNSPON ADS EACH REP 1 ORD SHS POST SPLIT(BPIRY.US) Q1 2024 Earnings Conference
Earnings Call Summary | PIRAEUS FINANCIAL HOLDINGS S.A UNSPON ADS EACH REP 1 ORD SHS POST SPLIT(BPIRY.US) Q1 2024 Earnings Conference
Operating expenses dropped by 5% YoY, reducing the cost to core income ratio to 29%, marking its lowest-ever operating cost.The following is a summary of the Piraeus Financial Holdings (BPIRY) Q1 2024 Earnings Call Transcript:
以下是比雷埃夫斯金融控股公司（BPIRY）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Piraeus Financial Holdings reported Q1 earnings of $0.21 per share, meeting its full-year guidance.
The company delivered an impressive return on average tangible book of 16.5% and achieved 10% recurring net revenue growth YoY.
Operating expenses dropped by 5% YoY, reducing the cost to core income ratio to 29%, marking its lowest-ever operating cost.
The cost of risk also reduced to a historic low of 17 basis points.
比雷埃夫斯金融控股公司公佈的第一季度每股收益爲0.21美元，符合其全年預期。
該公司的平均有形賬面回報率令人印象深刻，爲16.5％，經常性淨收入同比增長10％。
運營支出同比下降5％，使成本與核心收入的比率降至29％，這是其有史以來最低的運營成本。
風險成本也降至17個點子的歷史最低水平。
Business Progress:
業務進展：
The bank has become fully privatized, selling 27% of its share capital held by the HFSF and raising €1.35 billion.
It increased assets under management by 8% to €10 billion and plans to deliver its first cash dividends to shareholders after 16 years.
Piraeus outlined plans to reduce carbon emissions and continue to focus on diversifying revenue sources.
The bank plans to accelerate the sale of repossessed assets and aims to reduce these assets by about 150 million annually through organic, services-driven divestments.
該銀行已完全私有化，出售了HFSF持有的27％的股本，籌集了13.5億歐元。
它管理的資產增加了8％，達到100億歐元，並計劃在16年後向股東派發首次現金分紅。
比雷埃夫斯概述了減少碳排放的計劃，並繼續專注於收入來源的多元化。
該銀行計劃加快出售收回的資產，目標是通過有機、以服務爲導向的撤資，每年將這些資產減少約1.5億英鎊。
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。
