Arion banki hf. (ARION_SDB) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.326 And welcome to this presentation for the fourth quarter and full year results 00:00:05.326 -- 00:00:09.718 of 2025 for the Arion Group. 00:00:09.718 -- 00:00:13.227 My name is Benedikt Gislason. I'm the CEO of Arion. 00:00:13.227 -- 00:00:18.734 Today's agenda is as follows. I'll start by walking you through the key highlights. 00:00:18.734 -- 00:00:24.100 Then our chief economist, Erna Björk Sverre Stottir, will provide an update on the Icelandic 00:00:24.100 -- 00:00:29.907 economy. After that, our deputy CFO, Egert Theitsson, will 00:00:29.907 -- 00:00:35.371 dive deeper into the numbers and share our outlook going forward. 00:00:35.454 -- 00:00:40.360 Before I start the presentation, I would like to remind our participants online that 00:00:40.360 -- 00:00:43.720 you can submit questions throughout the presentation. 00:00:43.720 -- 00:00:45.863 through the message 00:00:45.863 -- 00:00:52.031 board located below the video feed. We will, of course, provide answers to your questions 00:00:52.031 -- 00:00:56.237 in the Q&A session at the end of the webcast. 00:00:56.237 -- 00:01:02.025 And now to the results. It was a strong year, 2025, 00:01:02.025 -- 00:01:07.953 for the Arian Group, demonstrating the strength and resilience in our core operations. 00:01:07.953 -- 00:01:11.675 We delivered the return equity of 14.9%. 00:01:11.783 -- 00:01:16.869 comfortably above our medium-term financial target of 13%, and reflecting 00:01:16.869 -- 00:01:20.971 broad-based earnings momentum across the group. 00:01:21.354 -- 00:01:26.800 A key highlight this year is the growth in core income, which increased 12.3% 00:01:26.800 -- 00:01:28.642 year-on-year 00:01:28.642 -- 00:01:33.908 and was driven by higher net interest income, resilient fee i...