ALBKF - Alpha Services and Holdings S.A. (ALBKY) Q1 2024 Earnings Call Transcript
2024-05-18 10:13:01 ET
Alpha Services and Holdings S.A. (ALBKY)
Q1 2024 Earnings Conference Call
May 16, 2024, 05:00 AM ET
Company Participants
Iason Kepaptsoglou - Head, Investor Relations
Vassilios Psaltis - Chief Executive Officer
Lazaros Papagaryfallou - Chief Financial Officer
Conference Call Participants
Nida Iqbal - Morgan Stanley
Eleni Ismailou - Axia Ventures
Gabor Kemeny - Autonomous Research
Mehmet Sevim - JPMorgan
Osman Memisoglu - AMBROSIA CAPITAL
Simon Nellis - Citibank
Andreas Souvleros - Eurobank Equities
Alberto Nigro - Mediobanca
Presentation
Operator
Ladies and gentlemen, thank you for standing by. I am Geli, your Chorus Call operator. Welcome, and thank you for joining the Alpha Services and Holdings' conference call to present and discuss the first quarter 2024 financial results. All participants will be in listen-only mode, and the conference is being recorded. [Operator Instructions]
At this time, I would like to turn the conference over to Alpha Services and Holdings' management. Gentlemen, you may now proceed.
Iason Kepaptsoglou
Hello, everyone. I am Iason Kepaptsoglou, Alpha Bank's Head of Investor Relations. Thank you for joining us.
As usual, Vassilios Psaltis, our CEO, will lead the call, summarizing Q1 and providing you with a few updates on the outlook. And then, Lazaros Papagaryfallou, our CFO, will take the floor to take you through this quarter's numbers. As ever, we will take Q&A in the end, and we hope to finish within the hour.
Vassili, over to you.
Vassilios Psaltis
Thank you, Iason. Good morning, everyone, and thank you for joining.
Let's start with the Q1 results on Slide 4, please. This quarter, we are very proud to have delivered €211 million in profit, which is, please note, the highest number reported since the third quarter of 2007 in the onset of the global financial crisis. We have delivered a 13.5% return on tangible equity and €0.09 of earnings per share for our shareholders. Our operating performance has been fueled by growth in our top line, marked progress in fee income generation, solid management of operating leverage and a continuing improvement in provisions. We continue to grow our loan and AUM balances and position the business to maximize the recurring value we can create for our stakeholders....
Alpha Services and Holdings S.A. (ALBKY) Q1 2024 Earnings Call Transcript