Bawag Group AG (OTCPK:BWAGF)

$ 78.55 1.92 (2.51%) Market Cap: 6.17 Bil Enterprise Value: 20.32 Bil PE Ratio: 8.57 PB Ratio: 1.40 GF Score: 73/100

Q3 2019 BAWAG Group AG Earnings Call Transcript

Oct 29, 2019 / 09:00AM GMT

Release Date Price: $43.37

Transcript

Operator

Good day, ladies and gentlemen, and welcome to the BAWAG Group Q3 2019 Results Call. (Operator Instructions) As a reminder, this conference is being recorded, and a replay as well as a transcript thereof will be available on BAWAG Group's website.

I would now like to turn the conference over to Anas Abuzaakouk, Chief Executive Officer. Please go ahead, sir.

Anas Abuzaakouk

BAWAG Group AG - Chairman of the Managing Board & CEO

Thank you, operator. Good morning, everyone, and thanks for joining our third quarter earnings call. I'm joined this morning, as usual, by Enver, our CFO. So let's get right into it.

I'm on Slide 3. We had a strong third quarter, delivering pretax profit of EUR 164 million, net profit of EUR 124 million and earnings per share of EUR 1.26, with the reported return on tangible common equity of 15.6% for the quarter.

On a year-to-date basis, we delivered net profit of EUR 343 million and earnings per share of EUR 3.47, up 5% and 6%, respectively, versus the prior year and a reported return on tangible common

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