Q1 2022 BAWAG Group AG Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the BAWAG Group Q1 2022 Results Call. (Operator Instructions) Please be advised that today's conference is being recorded, and a transcript thereof will be published on the company's website. (Operator Instructions)
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 doing well. I'm joined this morning by Enver, our CFO.
Let's start with the summary of the first quarter results on Slide 2. We delivered net profit of EUR 111 million, earnings per share of EUR 1.24 and a return on tangible common equity of 14.2% during the first quarter. The underlying return on tangible common equity was 19.5%. That's after pro-rating regulatory charges and deducting EUR 425 million of capital earmarked for buybacks this year. The operating performance of our business was very strong with pre-provision profits of EUR
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