Oct 17, 2023 / 08:00AM GMT
Operator
Good day, and thank you for standing by. Welcome to the BAWAG Group Q3 2023 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded and a transcript will be provided on our website.
I would now like to hand the conference over to your speaker today, Anas Abuzaakouk, CEO. Please go ahead.
Anas Abuzaakouk - BAWAG Group AG - Chairman of the Management Board & CEO
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 third quarter results on Slide 3. We delivered another strong set of quarterly results with third quarter net profit of EUR 186 million, earnings per share of EUR 2.25, and a return on tangible common equity of 27.6%. The operating performance of our business was very strong with pre-provision profits of EUR 268 million, and a cost-income ratio of 31.3%. Total risk costs were EUR 22 million, translating into a risk cost ratio of 21 basis points. We utilized our management overlay
Q3 2023 BAWAG Group AG Earnings Call Transcript
Oct 17, 2023
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