Credito Emiliano (MIL:CE)
€ 9.87 -0.02 (-0.2%) Market Cap: 3.36 Bil Enterprise Value: 2.35 Bil PE Ratio: 5.70 PB Ratio: 0.88 GF Score: 78/100
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Half Year 2023 Credito Emiliano SpA Earnings Call Transcript

Aug 08, 2023 / 08:00AM GMT
Release Date Price: €7.06 (-8.31%)
Operator

[Interpreted] Good morning. This is the Chorus Call operator. Welcome to Credem's conference call presenting H1 2023 group results. (Operator Instructions)

Let me now turn the conference over to Mr. Angelo Campani, General Manager of Credem. Mr. Campani, you have the floor.

Angelo Campani
Credito Emiliano S.p.A. - General Manager

[Interpreted] Good morning to all of you. Thank you very much for joining us this morning for this interim report just before the summer holidays. As we know, over the last few quarters, there was a very, very deep change in the economic backdrop and monetary policies and rate hikes had on the one hand a positive impact on banking industry revenues, but also at the same time it increased the level of uncertainty for households and for the economy at large.

Having said that, Credem wants to play a major role to support the economy, the geography where we have a franchise and we want to promote a sustainable growth despite the time of very strong challenges we have to face up. I'm very happy with the way our group

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