Danske Bank A/S (DNSKF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.740 -- 00:00:06.085 Good morning, everyone. Welcome to the conference call for Danske Bank's financial results 00:00:06.085 -- 00:00:08.788 for the first quarter of 2026. 00:00:08.788 -- 00:00:12.692 My name is Klaus-Inge Jensen, and I'm head of Danske Bank's investor relations. 00:00:12.692 -- 00:00:18.278 With me today, I have CEO, Carsten Nyhrys, and our CFO, Cecile Hillary. 00:00:18.278 -- 00:00:22.682 The presentation today will be extended, as it will include an update on our Forward 00:00:22.682 -- 00:00:27.959 28 strategy. We aim to keep this presentation at around 35 minutes. 00:00:27.959 -- 00:00:32.166 After the presentation, we will open up for a Q&A session as usual. 00:00:32.166 -- 00:00:36.673 And afterwards, feel free to contact the IR department if you have any more questions. 00:00:36.673 -- 00:00:40.560 I will now hand over to Carsten. Slide two, please. 00:00:40.560 -- 00:00:45.488 Yeah, thank you, Klaus. And I would also like to welcome you to our conference call where 00:00:45.488 -- 00:00:51.338 I'm pleased to share the highlights of Danske Bank's financial results for Q1 00:00:51.338 -- 00:00:55.111 and present an update on our 420 strategy. 00:00:55.111 -- 00:00:58.936 Let me start with the key messages for the quarter. 00:00:58.936 -- 00:01:02.682 So we've had a solid start to 2026, 00:01:02.682 -- 00:01:08.009 driven by clear commercial momentum across our focus areas and supported 00:01:08.009 -- 00:01:13.437 by a constructive Nordic operating environment, despite the market volatility 00:01:13.437 -- 00:01:18.585 that we've seen. On the numbers, net profit was $5.7 billion, 00:01:18.585 -- 00:01:22.803 and this corresponds to a 13.1% return on equity. 00:01:22.803 -- 00:01:27.970 And our cost income ratio was 45.8%, broadl...