Earnings Call Summary | PIRAEUS FINANCIAL HOLDINGS S.A UNSPON ADS EACH REP 1 ORD SHS POST SPLIT(BPIRY.US) Q1 2024 Earnings Conference
Earnings Call Summary | PIRAEUS FINANCIAL HOLDINGS S.A UNSPON ADS EACH REP 1 ORD SHS POST SPLIT(BPIRY.US) Q1 2024 Earnings Conference
Operating expenses dropped by 5% YoY, reducing the cost to core income ratio to 29%, marking its lowest-ever operating cost.The following is a summary of the Piraeus Financial Holdings (BPIRY) Q1 2024 Earnings Call Transcript:
以下是比雷埃夫斯金融控股公司（BPIRY）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Piraeus Financial Holdings reported Q1 earnings of $0.21 per share, meeting its full-year guidance.
The company delivered an impressive return on average tangible book of 16.5% and achieved 10% recurring net revenue growth YoY.
Operating expenses dropped by 5% YoY, reducing the cost to core income ratio to 29%, marking its lowest-ever operating cost.
The cost of risk also reduced to a historic low of 17 basis points.
比雷埃夫斯金融控股公司公布的第一季度每股收益为0.21美元，符合其全年预期。
该公司的平均有形账面回报率令人印象深刻，为16.5％，经常性净收入同比增长10％。
运营支出同比下降5％，使成本与核心收入的比率降至29％，这是其有史以来最低的运营成本。
风险成本也降至17个基点的历史最低水平。
Business Progress:
业务进展：
The bank has become fully privatized, selling 27% of its share capital held by the HFSF and raising €1.35 billion.
It increased assets under management by 8% to €10 billion and plans to deliver its first cash dividends to shareholders after 16 years.
Piraeus outlined plans to reduce carbon emissions and continue to focus on diversifying revenue sources.
The bank plans to accelerate the sale of repossessed assets and aims to reduce these assets by about 150 million annually through organic, services-driven divestments.
该银行已完全私有化，出售了HFSF持有的27％的股本，筹集了13.5亿欧元。
它管理的资产增加了8％，达到100亿欧元，并计划在16年后向股东派发首次现金分红。
比雷埃夫斯概述了减少碳排放的计划，并继续专注于收入来源的多元化。
该银行计划加快出售收回的资产，目标是通过有机、以服务为导向的撤资，每年将这些资产减少约1.5亿英镑。
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