Norion Bank AB (NORION) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Norden Bank's Q2 report 2026. My name is Martin Ossman and I am the CEO of HV Vanlig Ordning Bank, Peter Olsson. Let's start with page 2, which is a summary of the quarter. Before we go into the figures, we have a couple of one-time effects in this quarter, up to 107 million kronor. The large part, 90 million, is the sanction amount we received from FI and the other part, 17 million, is the cost for the acquisition of consensus. So the figures we are now going through, now and forward, are then cleaned for these one-time effects. To the left you can see the loan book. After the second quarter, it landed at 54.4 billion, an increase of 3 billion compared to Q1 and an increase of 10% compared to the same period in the previous quarter. All segments contribute, which is exciting. Quite a lot of activity in all parts, so all parts contribute to the increase. K-e-talet uppgår till 33,3%. Det är oförändrat trots att konsensus är integrerat i banken och det slår ungefär drygt en procentenhet. Rådshögsstatet minskar med 8% och uppgår till 436 miljoner. Och då ska vi komma ihåg att vi hade en REA-vinst under Q2 2025, when we did the short-term exchange rate at about 17 million. And then we also have a number of other new law-abiding articles about the cash flow, so we have another cash flow in this quarter of 2026 that we had the same period before. So those two parts actually explain the whole difference. If we omit them, we have quite exactly the same result as Q2 and 2025. The EPS increases by 14% compared to Q1 2016. The P-capital is listed for surplus capital. It goes up to 14.9% and it is an increase of 90 points compared to the previous quarter. We have some changes in the capital relations. The total goes up to 16.3%. The core primary to 13.2%. Peter will c...