BPER Banca SpA (LTS:0MU6)
€ 5.714 -0.009 (-0.16%) Market Cap: 8.18 Bil Enterprise Value: 18.22 Bil PE Ratio: 5.24 PB Ratio: 0.77 GF Score: 51/100
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Q1 2023 Bper Banca SpA Earnings Call Transcript

May 09, 2023 / 04:00PM GMT
Release Date Price: €2.72 (+4.23%)
Operator

Good evening. This is the Chorus Call conference operator. Welcome, and thank you for joining the conference call on the BPER Group's first quarter 2023 consolidated results.

(Operator Instructions)

At this time, I would like to turn the conference over to Mr. Piero Luigi Montani, CEO of the BPER Banca Group. Please go ahead, sir.

Piero Luigi Montani
BPER Banca SpA - CEO, GM & Director

Thank you. Thank you. Good evening. Welcome to this conference call. So we are the last ones to present our results after the other banks presented their. The quarter closed with a net profit that is very satisfactory. I hope you saw the results already and the results are very good. The recurring profitability is increasing. There's good increase in credit quality and our liquidity and capital position is very solid. The (inaudible) quarter closed with a net profit of EUR 290 million after payment of EUR 69.5 million in contributions to the single resolution fund. Another part of this will be paid in the third quarter.

And last quarter was

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