Half Year 2023 BAWAG Group AG Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the BAWAG Group Q2 2023 Results Call. (Operator Instructions) Please be advised that today's conference is being recorded, and there will be a transcript published on our website after the call.
I would now like to hand the conference over to your speaker today, Anas Abuzaakouk, CEO. Please go ahead, sir.
Thank you, operator. Good morning, everyone. I hope everyone is keeping well. 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 a very strong set of results with net profit of EUR 181 million, earnings per share of EUR 2.19 and a return on tangible common equity of 26%. The first half return on tangible common equity was 23%. The operating performance of our business was very strong with pre-provision profits of EUR 262 million and a cost income ratio of 31.5%. Total risk costs were EUR 20 million, translating into a risk cost ratio of 19 basis points
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