Full Year 2020 Banque Cantonale Vaudoise Earnings Call Transcript
Ladies and gentlemen, welcome to the BCV Full Year 2020 Results Conference Call and Live Webcast. I am Paolo, the Chorus Call operator. (Operator Instructions) The conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast. For the call today, the speakers will refer to the slides, which are available for reviewing on the IR section of the BCV website since this morning.
At this time, it's my pleasure to hand over to Mr. Pascal Kiener, CEO of BCV. Please go ahead, sir.
Thank you very much. Good afternoon, everybody.
Let me go directly on Page 4. I would like to highlight on these 3 main points that are going to be detailed later on by Thomas. But the first point is the decrease in revenues is mostly only due to the COVID-19 crisis. Probably, you will see that other cantonal bank will not have this kind of decrease. It's quite clear because a big part of the decrease is due to trade finance. And many other
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