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
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年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
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.
比雷埃夫斯金融预计，从中长期来看，NIM将维持在2％以上。
尽管面临通货膨胀压力，但该公司的管理成本预计将正常化为3亿欧元。
2023年公布的每股正常收益为0.80欧元，创历史新高，有形账面回报率为16.6％。
比雷埃夫斯报告称，净收入与上年相比增长了37％，运营费用减少了4％。
该公司的不良风险敞口（NPE）在2023年减半至3.5％。
CET1比率稳步增长，为13.3％，比上年高出170个基点，MREL为24.1％。
Business Progress:
业务进展：
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.
已实施的非到期存款套期保值，持仓为100亿欧元。
公司制定策略以应对因欧元同业拆借利率上升和其他变量而增加的还款额。
将通过各种战略减轻巴塞尔协议四的未来影响。
2023年实现了16亿欧元的净信贷扩张，管理的资产增长了34％，达到93亿欧元。
数字银行Snappi预计将于2024年中期推出。
该公司的目标是到2026年底使NPE比率接近欧洲平均水平，达到约2.5％。
比雷埃夫斯计划在2024-2026年期间每年将贷款扩大到5％以上，目标是每年净利润约10亿欧元。
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