Piraeus Financial Holdings SA (FRA:BKP)
€ 3.773 -0.072 (-1.87%) Market Cap: 4.80 Bil Enterprise Value: -2.20 Bil PE Ratio: 4.38 PB Ratio: 0.59 GF Score: 58/100

Q1 2023 Piraeus Financial Holdings SA Earnings Call Transcript

May 05, 2023 / NTS GMT
Release Date Price: €2.35 (+7.01%)
Operator

Ladies and gentlemen, thank you for standing by. I'm Poppy, your Chorus Call operator. Welcome and thank you for joining the Piraeus Financial Holdings Conference Call and Live Webcast to present and discuss Piraeus First Quarter 2023 Financial Results. (Operator Instructions) And the conference is being recorded. (Operator Instructions)

At this time, I would like to turn the conference over to Piraeus Financial Holdings CEO, Mr. Christos Megalou. Mr. Megalou, you may now proceed.

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

Good afternoon, ladies and gentlemen and welcome to today's conference call on our first quarter 2023 financial results. This is Christos Megalou, Chief Executive Officer and I'm joined today by our CFO, Theo Gnardellis; and by Chryss Berbati (inaudible). 2023 started on a strong foot for Piraeus Bank. The strength of our commercial franchise is releasing the bank's potential and the successful management of our balance sheet is delivering solid results.

In the first quarter, we

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