Arion banki hf. (ARION_SDB) Q2 2025 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.497 Good morning, everyone, and welcome to Arjons Bank presentation on the second quarter 00:00:04.497 -- 00:00:09.503 results. My name is Ida Brobendistóttir. I'm the deputy CEO and MD of 00:00:09.503 -- 00:00:15.230 Retail Bank. The agenda for the call today is that I will start by going over the highlights 00:00:15.230 -- 00:00:20.317 of the quarter and I give a short update on the Icelandic economy and also a short 00:00:20.317 -- 00:00:24.682 update on the proposed merger, quick merger discussion. 00:00:24.682 -- 00:00:29.512 And then Benedikt Gislason, the CEO, will go into the numbers in more detail. 00:00:29.512 -- 00:00:34.519 and give the outlook going forward. But before I start the presentation, 00:00:34.519 -- 00:00:40.287 I would like to remind our participants online that they can submit questions 00:00:40.287 -- 00:00:45.615 during the presentation through the message board located 00:00:45.615 -- 00:00:51.102 below the feed. And we will provide answer to your questions at the end of 00:00:51.102 -- 00:00:52.905 the webcast. 00:00:52.905 -- 00:00:57.251 First of all, we are very happy with the strong results of the year and the positive 00:00:57.251 -- 00:01:02.466 first half. The return on equity attributable to Arion shareholders was 00:01:02.466 -- 00:01:04.466 19.7%, 00:01:06.033 -- 00:01:07.977 bringing the return 00:01:07.977 -- 00:01:11.561 on equity for the first half to 16.1%, 00:01:11.565 -- 00:01:16.170 which is well above our medium-term targets of 13%. 00:01:16.171 -- 00:01:21.217 We saw good momentum in core earning, mostly higher net interest income, 00:01:21.217 -- 00:01:26.883 as well as very strong quarter in terms of fee and commission income, led by our CIB 00:01:26.883 -- 00:01:30.404 and markets bu...