Q3 2021 BAWAG Group AG Earnings Call Transcript
Good day and thank you for standing by. Welcome to the BAWAG Group Q3 2021 Results Call. (Operator Instructions) Please be advised that today's conference is being recorded, and transcript will be published on the website. (Operator Instructions)
I would now like to hand the conference over to your speaker today, Mr. Anas Abuzaakouk, Chief Executive Officer. Thank you. Please go ahead, sir.
Good morning, everyone. I hope everyone is keeping well. I'm joined this morning by Enver, our CFO.
Let's start with a summary of the third quarter results on Slide 3. We delivered net profit of EUR 123 million, earnings per share of EUR 1.38 and a return on tangible common equity of 16.4% during the third quarter. The underlying operating performance of our business was strong with pre-provision profits of EUR 187 million, and a cost-income ratio of 39.2%. Total risk costs were EUR 22 million with the ECL management overlay now at EUR 72 million. We continue to not release any
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