Half Year 2024 Bank Millennium SA Earnings Call Transcript
Good afternoon. Welcome to Bank Millennium Second Quarter '24 results call. With us we have Joao Bras Jorge, Chairman of the Board and CEO and Mr. Fernando Bicho, Deputy Chairman of the Board and CFO. Over to you, Fernando.
Good afternoon. Once more thank you very much for joining our quarterly results presentation. Today we are covering the second quarter and first half results. So let me start by the page number 5 of our presentation with the main achievements in the first half of 2024.
We can say that the first half of the year was marked by further improvement in core profitability and high efficiency, still very strong asset quality and liquidity and also material net profit despite the cost of the credit holidays and the costs related with the FX mortgage portfolio that were also partially offset by some positive tax impact.
We would like to stress that, of course, the second quarter was very
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