Preliminary Q4 2022 BAWAG Group AG Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the BAWAG Group Preliminary Full Year 2022 Results Call. (Operator Instructions) Please be advised that today's conference is being recorded. A transcript, thereof, will be publicized on the website.
I would now like to hand the conference over to your speaker today, Anas Abuzaakouk, CEO. Please go ahead.
Thank you, operator. Good morning, everyone. I hope everyone is keeping well. As usual, I'm joined this morning by Enver, our CFO.
Let's start with a summary of full year 2022 results on Slide 3. For the full year 2022, and on an adjusted basis, which excludes the City of Linz write-off, we delivered net profit of EUR 509 million, earnings per share of EUR 5.81 and a return on tangible common equity of 18.6%.
The underlying operating performance of our business was very strong with pre-provision profits of EUR 849 million, up 14% versus prior year and a cost income ratio of 35.9%. Total risk costs were
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