Danske Bank A/S (DNSKF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:04.400 Good morning, everyone. Welcome to the conference call for Danske Bank's financial results 00:00:04.400 -- 00:00:07.460 for the first half of 2025. 00:00:07.460 -- 00:00:11.920 My name is Claus Inga Jensen, and I am head of Danske Bank's investor relations. 00:00:11.920 -- 00:00:17.100 With me today, I have our CEO, Carsten Eris, and our CFO, Cecil 00:00:17.100 -- 00:00:22.160 Hillary. We aim to keep this presentation to around 20 minutes, and after 00:00:22.160 -- 00:00:26.700 the presentation, we will open up for a Q&A session as usual. 00:00:26.700 -- 00:00:28.200 Afterwards, 00:00:28.200 -- 00:00:32.780 feel free to contact the investor relations department if you have any more questions. 00:00:32.780 -- 00:00:37.500 I will now hand over to Carsten. Slide one, please. 00:00:37.500 -- 00:00:40.840 Thanks, Claus, and I would also like to welcome you to our conference call. 00:00:40.840 -- 00:00:45.660 So with a net profit of 11.2 billion, equivalent to a return on shareholders' equity 00:00:45.660 -- 00:00:50.920 of 13%, our financial performance for the first half of the year was solid and 00:00:50.920 -- 00:00:55.040 it met our expectations of delivering sustainable growth and income in line with our 00:00:55.040 -- 00:00:58.760 financial targets for 2026. 00:00:59.140 -- 00:01:04.400 The macroeconomic backdrop in the first half year was strong, primarily in Denmark, 00:01:04.400 -- 00:01:09.780 measured by all key economic indicators and the outlook of plus 3% GDP 00:01:09.780 -- 00:01:12.820 growth this year looks healthy. 00:01:12.900 -- 00:01:19.360 Despite the high level of geopolitical turmoil and the low consumer sentiment, 00:01:19.360 -- 00:01:24.380 the resilient macroeconomy not only supported our everyday business w...