Jyske Bank A/S Ord (JYSKF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.137 Hi, everyone. Thank you for joining us in Jyske Bank's conference call for the financial 00:00:04.137 -- 00:00:07.401 results for the first quarter of 2025. This 00:00:07.401 -- 00:00:10.045 is Simon Haubert from Investor Relations speaking. 00:00:10.045 -- 00:00:14.771 With me, I have Jyske Bank's CEO Lars Merck and CFO 00:00:14.771 -- 00:00:18.897 Johan Nielsen. Lars and Bjørn will walk you through our prepared remarks. 00:00:18.897 -- 00:00:23.924 Afterwards, we'll open up for questions. I will now hand over to Lars. 00:00:23.924 -- 00:00:26.069 Thank you, Simon. 00:00:26.069 -- 00:00:32.914 And thank you all of you for joining this conference call for the Q1 results 2025. 00:00:33.077 -- 00:00:38.323 We have had a strong start to the year, building upon the positive momentum from recent 00:00:38.323 -- 00:00:42.527 quarters and growing EPS 2% year-on-year, 00:00:42.527 -- 00:00:48.472 and that is despite significantly lower Danish policy rates. 00:00:48.875 -- 00:00:53.980 The operating performance is supported by improved momentum with personal clients, 00:00:53.980 -- 00:00:59.305 higher assets under management and increased activity levels. 00:00:59.305 -- 00:01:03.329 Net fee income, thus, rose a full 20% year-on-year. 00:01:03.329 -- 00:01:08.692 In addition, effective cost management reduced the cost base by 3% year-on-year. 00:01:08.954 -- 00:01:14.579 Credit quality remains very solid, and we have increased our buffer for macroeconomic 00:01:14.579 -- 00:01:17.460 risks even further. 00:01:17.622 -- 00:01:21.663 In the last year, we've improved customer satisfaction 00:01:21.985 -- 00:01:27.187 significantly in all areas, This reflects a number of efforts, including 00:01:27.187 -- 00:01:33.234 bootcamps, reorganization...