DNB Bank ASA (0O84) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning to everyone watching the stream and to everyone here in Oslo. We are going to present the results from D&B's first quarter, a quarter that will be remembered for lots of different reasons, but above all for the fine results of D&B Group. We will take questions after this session, and there will be a possibility for journalists to ask questions to management after this session as well. Our CEO Kerstin Bråten and CFO Ida Lerner are ready to present the numbers. So Kerstin, please go ahead. Thank you so much, Even, and a warm welcome to all of you who are here and also you following us online. We are delivering today a set of numbers that demonstrates a strong start to the year, reflecting a robust and active Norwegian economy with a high activity level across all our customer segments. Among the many key events in this quarter were the legal close of the Carnegie transaction that happened in March, and the March number for Carnegie is also included in the numbers that we report today. Last week, the General Assembly approved the dividend for 2024. So this Friday, 25 billion kroners will be paid out to our shareholders, and we are always motivated to see that close to half of this 12 billion kroners will go back to the Norwegian society through the Sparbankstiftelsen DNB and the Minister of Affairs. No doubt, the uncertainty towards the end of the quarter related to the world economy increased substantially and impacted the markets through a higher volatility to the end of the quarter and the beginning of the second quarter. We are well equipped to handle and maneuver in a more uncertain environment. We are one of the most robust and best capitalized banks in Europe, and we are operating in one of the most resilient economies in the world. We are furthermor...