Jyske Bank A/S Ord (JYSKF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone. Thank you for joining us on Yusuke Bank's conference call for the financial results for the third quarter of 2025. This is Simon Hauwaert from Investor Relations speaking. With me, I have Yusuke Bank CEO Lars Merck and CFO Bjørn Nielsen. Lars and Bjørn will walk you through our prepared remarks. Afterwards, we will open up for questions. I will now hand over to Lars. Thank you, Simon. I would also like to welcome you to our conference call for Q3 2025. I know that our figures have been awaited with somewhat less anticipation than normally. And in that light, I'm extra pleased that you've decided to spend time with us here. We've had a strong 2025 so far, reaching our highest earnings per share for the first three quarters of a year. This builds on the positive momentum from recent quarters with earnings per share growing 7% year-on-year in Q3, despite the backdrop of significantly lower short-term interest rates. Based on this positive development, we have upgraded our earnings outlook for 2025, now targeting a net profit of between 4.9 and 5.3 billion Danish. We are also making progress on key initiatives with focused cost management while improving both personal business and corporate customer satisfaction significantly. Higher customer satisfaction affects customer flows and the number of personal, private banking and business clients have improved during the last year. The outlook is for balanced development for the Danish economy and a stabilization of short-term interest rates. Additionally, credit quality remains very solid with a continued low level of loan losses and a significant post-model adjustments in place in order to mitigate potential repercussions of the elevated geopolitical uncertainty. Overall, our results puts us in a healthy posit...