Q2 2021 BAWAG Group AG Earnings Call Transcript
Thank you all for standing by, and welcome to today's BAWAG Group Q2 2021 Results Conference Call. (Operator Instructions) Please be advised that today's call is being recorded, and a transcript will be published on the company's website.
I'll be now handing the call over to your speaker, the CEO, Mr. Anas Abuzaakouk. Thank you.
Thank you, operator. Good morning, everyone. I hope everyone is keeping well and enjoying the summer months. I'm joined this morning by Enver, our CFO.
Let's start with a summary of the second quarter results on Slide 3. We delivered net profit of EUR 119 million, earnings per share of EUR 1.34 per share, and a return on tangible common equity of 16.3% during the second quarter.
The underlying operating performance of our business was strong with pre-provision profits of EUR 181 million and a cost-income ratio of approximately 40%. Total risk costs were EUR 24 million, with the ECL management overlay now at EUR 70 million. We
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