May 09, 2022 / 04:00PM GMT
Operator
[Interpreted] Good evening. This is the Chorus Call conference operator. Welcome, and thank you for joining the presentation on BPER Banca's First Quarter 2022 Results. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Piero Luigi Montani, CEO of the BPER Banca Group. Please go ahead, sir.
Piero Luigi Montani - BPER Banca SpA - CEO, GM & Director
[Interpreted] Thank you. Good evening. Thank you for joining. Briefly, I would say that the quarter that has just been closed reflects strong growth in profitability despite difficult environment. Combined with a sound capital position and excellent liquidity profile, the first quarter results bear witness to the progress achieved in credit quality.
The quarter closed with a net profit of EUR 113 million after payment of almost EUR 45 million -- EUR 46 million in contributions to the Single Resolution Fund. Operating income totaled EUR 883 million (sic) [EUR 884 million], up 16.6% year-on-year, driven by the growth in net commission income amounting to EUR 450
Q1 2022 Bper Banca SpA Earnings Call Transcript
Feb 12, 2024
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