Q1 2021 BAWAG Group AG Earnings Call Transcript
Good day, and thank you for standing by, and welcome to the BAWAG Group First Quarter 2021 Results Call. (Operator Instructions) For your information, this conference is being recorded today and a transcript would be available at the company's website.
Now I would like to hand the conference over to your speaker today, Anas Abuzaakouk, CEO. Please go ahead.
Thank you, operator. Good morning, everyone. I hope everyone is keeping well. I'm joined as usual this morning by Enver, our CFO. Let's go ahead get started with a summary for the first quarter results on Slide 3.
We delivered net profit of EUR 74 million, earnings per share of EUR 0.83 and a return on tangible common equity of 10.2% during the first quarter. On a normalized basis, taking into account the front-loaded first quarter regulatory charges of EUR 54 million, which equals 90% of full year regulatory charges, this would translate to net profit of EUR 103 million and a return on tangible common equity of 14
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