Norion Bank AB (NORION) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Norden Bank's Q1-Rapport 2025. My name is Martin Åsman, I'm the CEO and I'm here with Peter Olsson. Before we start here on page 2 and sum up the quarter, we sent out on April 10th that we have had some customers who have paid back their rents, a number of private customers. We have From Q2 last year, we have had customers who are in need of their rent payments. We have had approximately 100 million per quarter from Q2. Therefore, it is very happy that we were able to communicate that we have received 140 million in rent from FACETs. So it's very cool that the customers are coming up. It's good and very exciting. Regarding numbers, we can also talk about what we can call a media rush. It has been established that we have a number of consultants in our Plastic Cement. And it's true, it's not a secret. It was already communicated by Banken Börsnotans 2015 as part of the official outsourcing. Unlike Storbank, we don't have an office network. We have to see new businesses all the time. We work with different consulting applications. It's our way to get new businesses in. We have a relatively short running time for our businesses, 18-24 months, so for us it's all about getting as much flow as possible and seeing as many potential loans as possible, and therefore working in different ways, both with some consultants and with our own employees. Of course, this is part of an origination. When we do a business, it is the bank's employees and of course the credit committee that makes all the decisions on which business we do and don't do. This is a pure way of saying business, potential business, an origination part. We also have news under the number that is not just in numbers, but then Baldor has then made a principle decision to share Norium Bank's shares with t...