BFF Bank SpA (CHIX:BFFm)
€ 8.09 (0%) Market Cap: 1.92 Bil Enterprise Value: 1.81 Bil PE Ratio: 9.01 PB Ratio: 2.40 GF Score: 74/100
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Q4 2024 BFF Bank SpA Earnings Call Transcript

Feb 10, 2025 / 05:30 PM GMT
Release Date Price: €7.97

Key Points

Positve
  • BFF Bank SpA (FRA:2BF) reported a profit of €250 million, showing significant growth from the previous year's €143 million.
  • Loan growth increased by 5% overall and 7% in Italy, with record volumes in Q4.
  • The bank's liquidity remains strong with a loan to deposit ratio of 69%, and capital levels are above target ratios.
  • The bank received approval from the Bank of Italy to open a deposit gathering franchise in Greece, expanding its market presence.
  • The bank has reinforced its commercial team and expects to achieve a 10% growth rate going forward, supported by a return to pre-2020 collection processes.
Negative
  • The past year was challenging, with a focus on reclassification of past dues impacting growth.
  • The cost of funding increased due to higher interest rates and bond issuance.
  • The bank experienced a decline in outstanding loans in Spain and Portugal due to government interventions.
  • The reclassification of past dues led to a temporary loss of growth momentum, affecting the 2024 performance.
  • There is uncertainty regarding the Bank of Italy's restrictions on dividends, which could impact future payouts.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BFF.MI - BFF Bank SpA
Q4 2024 BFF Bank SpA Earnings Call
Feb 10, 2025 / 05:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to BFF Banking Group full year 2024 earnings call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0.

After today's presentation, there will be the opportunity to ask questions. To ask a question, you may press star, then 1 unattached on phone. To withdraw your question, please press star, then 2. Please note this event is being recorded. I would like to turn the conference over to Massimiliano Bellingerri, Group CEO, and Pier Giorgiovici, group CFO. Please go ahead.

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Unidentified_2 [2]
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