NBGRY - National Bank of Greece S.A. (NBGIF) Q4 2023 Earnings Call Transcript
2024-03-12 13:19:02 ET
National Bank of Greece S.A. (NBGIF)
Q4 2023 Earnings Conference Call
March 12, 2024 04:30 ET
Company Participants
Pavlos Mylonas - Chief Executive Officer
Christos Christodoulou - Group Chief Financial Officer
Greg Papagrigoris - Group Head, Investor Relations
Conference Call Participants
Eleni Ismailou - Axia Ventures
Mehmet Sevim - JPMorgan
Alexandros Boulougouris - Euroxx Securities
Daniel David - Autonomous
Osman Memisoglu - Ambrosia Capital
Alberto Nigro - Mediobanca
Presentation
Operator
Ladies and gentlemen, thank you for standing by. I am Jota, your Chorus Call operator. Welcome and thank you for joining the National Bank of Greece Conference Call to present and discuss the Full Year 2023 Financial Results. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Pavlos Mylonas, CEO of National Bank of Greece. Mr. Mylonas, you may now proceed.
Pavlos Mylonas
Good morning, everyone. Welcome to our fourth quarter ‘23 financial results call. I am joined by Christos Christodoulou, Group CFO; Greg Papagrigoris, Group Head of IR. After my introductory remarks, Christos will go into more detail on our financial performance and then we will turn to Q&A. I will begin with a brief overview of Greece’s positive economic environment, which has set the backdrop to our robust financial performance, then I will turn to our financial results.
So let’s begin. Economic growth in Greece remained on a healthy trend in 2023 despite an unfavorable external environment, with a broadly stagnant euro area, Greece’s main trading partner, highly restrictive monetary conditions and a tighter fiscal policy. In fact, GDP growth in Greece was at 2% in 2023 despite the negative impact from natural disasters especially in Q4 and continued to outperform the euro area by a significant margin....
National Bank of Greece S.A. (NBGIF) Q4 2023 Earnings Call Transcript