BFF Bank SpA (LTS:0RON)
€ 8.85 0.02 (0.23%) Market Cap: 1.69 Bil Enterprise Value: 1.00 Bil PE Ratio: 6.66 PB Ratio: 1.97 GF Score: 80/100
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Q3 2024 BFF Bank SpA Earnings Call Transcript

Nov 07, 2024 / 05:30PM GMT
Release Date Price: €8.94 (-1.02%)
Operator

Good afternoon, and welcome to BFF Banking Group first nine months 2024 earnings call. (Operator Instructions) Please note this event is being recorded. I would like to turn the conference over to Massimiliano Belingheri, Group CEO; and Piergiorgio Bicci, Group CFO.

Massimiliano Belingheri
BFF Bank SpA - Chief Executive Officer, Executive Director

Hi, everybody, and welcome today to our nine months 2024 conference. We have had a slight delay because we know that somebody has had a problem to access our Investor Relations website, but we have the presentation uploaded on there. So it's accessible through that system in case you have problem accessing our Investor Relations website.

We report today progress on our activities following the Bank of Italy inspection where we spent the last few months repositioning the business for factoring volume growth and past due reduction, clearly early days, but we are reporting a strengthening of the factoring and lending organization, a new credit management and legal strategy to accelerate the past due reduction

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