Piraeus Financial Holdings SA (FRA:BKP)
€ 3.567 0.162 (4.76%) Market Cap: 4.54 Bil Enterprise Value: -2.46 Bil PE Ratio: 4.24 PB Ratio: 0.57 GF Score: 59/100

Q2 2020 Piraeus Bank SA Earnings Call Transcript

Aug 04, 2020 / 03:00PM GMT
Release Date Price: €18.38 (+0.30%)
Operator

Ladies and gentlemen, thank you for standing by. I am Geli, your Chorus Call operator. Welcome, and thank you for joining the Piraeus Bank conference call to present and discuss the second quarter 2020 financial results. At this time, I would like to turn the conference over to Piraeus Bank's CEO, Mr. Christos Megalou. Mr. Megalou, you may now proceed.

Christos Ioannis Megalou
Piraeus Bank S.A. - MD, CEO & Executive Director

Good afternoon, ladies and gentlemen, and good morning to those joining us from the U.S. I'm Christos Megalou, CEO of Piraeus Bank, and I'm here today with Theo Gnardellis, Group CFO; and Chryssanthi Berbati, Head of Investor Relations. Thank you for attending our second quarter 2020 results presentation.

Our results for Q2 have been solid. The bank has posted continuous progress on all fronts. But before we present our results, let's touch upon the latest macroeconomic developments. The COVID-19 crisis has proved to be a huge challenge for economies around the world. As lockdown and travel measures have gradually eased in

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