Earnings Call Summary | PIRAEUS FINANCIAL HOLDINGS S.A SPON ADS EACH REP 1 ORD SHS (POST SPLIT)(BPIRY.US) Q4 2023 Earnings Conference
Earnings Call Summary | PIRAEUS FINANCIAL HOLDINGS S.A SPON ADS EACH REP 1 ORD SHS (POST SPLIT)(BPIRY.US) Q4 2023 Earnings Conference
Record high normalized earnings of €0.80 per share reported for 2023, with a 16.6% return on tangible book.The following is a summary of the Piraeus Financial Holdings S.A. (BPIRY) Q4 2023 Earnings Call Transcript:
以下是比雷埃夫斯金融控股有限公司（BPIRY）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Piraeus Financial expects to sustain NIM above 2% in mid-to-long term.
Despite inflationary pressures, the company's administrative cost is expected to normalize at €300 million.
Record high normalized earnings of €0.80 per share reported for 2023, with a 16.6% return on tangible book.
Piraeus reported 37% growth in net revenue compared to the previous year and a 4% reduction in operating expenses.
The company's non-performing exposure (NPE) ratio halved to 3.5% in 2023.
Solid CET1 ratio of 13.3%, 170 basis points higher than the previous year, and MREL of 24.1% reported.
比雷埃夫斯金融預計，從中長期來看，NIM將維持在2％以上。
儘管面臨通貨膨脹壓力，但該公司的管理成本預計將正常化爲3億歐元。
2023年公佈的每股正常收益爲0.80歐元，創歷史新高，有形賬面回報率爲16.6％。
比雷埃夫斯報告稱，淨收入與上年相比增長了37％，運營費用減少了4％。
該公司的不良風險敞口（NPE）在2023年減半至3.5％。
CET1比率穩步增長，爲13.3％，比上年高出170個點子，MREL爲24.1％。
Business Progress:
業務進展：
Non-maturity deposit hedges implemented, holds a position of €10 billion.
Company making strategies to deal with increased repayments from higher Euribor and other variables.
Future impact from Basel IV to be mitigated through various strategies.
€1.6 billion of net credit expansion achieved, assets under management increased by 34% to €9.3 billion in 2023.
The launch of digital bank, Snappi, is expected by mid-2024.
The company aims for the NPE ratio to converge to the European average levels by the end of 2026, reaching about 2.5%.
Piraeus plans a loan expansion over 5% per annum for the period 2024-2026, targeting net profits of approximately €1 billion per year.
已實施的非到期存款套期保值，持倉爲100億歐元。
公司制定策略以應對因歐元同業拆借利率上升和其他變量而增加的還款額。
將通過各種戰略減輕巴塞爾協議四的未來影響。
2023年實現了16億歐元的淨信貸擴張，管理的資產增長了34％，達到93億歐元。
數字銀行Snappi預計將於2024年中期推出。
該公司的目標是到2026年底使NPE比率接近歐洲平均水平，達到約2.5％。
比雷埃夫斯計劃在2024-2026年期間每年將貸款擴大到5％以上，目標是每年淨利潤約10億歐元。
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