Jyske Bank A/S Ord (JYSKF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.056 Hi, everyone. Thank you for joining us on Jyske Bank's conference call for the financial 00:00:04.056 -- 00:00:08.922 results for the first quarter of 2026. This is Simon Hauwaert from Investor Relations 00:00:08.922 -- 00:00:13.969 speaking. With me, I have Jyske Bank CEO Blaise Mert and CFO Bjorn 00:00:13.969 -- 00:00:18.255 Nielsen. Lars and Bjorn will walk you through our prepared remarks. 00:00:18.255 -- 00:00:22.820 Afterwards, we'll open up for questions. I'll now hand over to Lars. 00:00:22.820 -- 00:00:26.946 Thank you, Simon. And I would also like to welcome you to our conference call for the 00:00:26.946 -- 00:00:29.326 first quarter of 2026. 00:00:29.326 -- 00:00:33.991 We made a solid start to 2026, delivering earnings per share 17. 00:00:33.991 -- 00:00:39.356 Danish results were impacted by challenging financial markets, but our underlying performance 00:00:39.356 -- 00:00:44.501 continued to show good progress, supported by high activity, disciplined cost management, 00:00:44.501 -- 00:00:49.686 and strong credit quality, while we maintained a clear focus on customers, customer 00:00:49.686 -- 00:00:53.149 relationships, and strategy execution. 00:00:53.149 -- 00:00:56.412 Credit quality remained very solid in the quarter. 00:00:56.412 -- 00:01:01.683 Loan impairment charges were at a low level, while we prudently built significant 00:01:01.683 -- 00:01:07.688 post-model adjustment buffers in response to elevated geopolitical uncertainty. 00:01:07.688 -- 00:01:12.292 The Danish economy remains fundamentally sound, and our customers' financial situation 00:01:12.292 -- 00:01:16.536 is generally robust, although geopolitical uncertainty is elevated. 00:01:16.536 -- 00:01:21.680 Our capital position also remains robust...