Q2 2020 BAWAG Group AG Earnings Call Transcript
Thank you for standing by, and welcome to the BAWAG Group Half Year 2020 Results Call. (Operator Instructions) I must advise you that this conference is being recorded today.
I would now like to hand the conference over to your speaker today, CEO, Anas Abuzaakouk. Please go ahead.
Thank you, operator. Good morning, everyone. I hope everyone is keeping well and healthy. As we enter into the fifth month of the COVID-19 health crisis, it goes without saying we're living in unprecedented times and having to address an environment that we have not seen before. Suffice it to say, our team will act out of an abundance of caution, hoping for the best but being prudent in how we manage and assess the potential risks ahead. With that, let's dive into the second quarter results.
On Slide 3, a summary of the second quarter results with net income of EUR 61 million, earnings per share of EUR 0.70 and return on tangible common equity of 8.9%. We delivered a solid operating result
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