Pareto Bank ASA (0RI3) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everyone. Welcome to the first quarter of the first quarter. We start with the main features in the forecast, and then the CFO of the bank, Vegard Toverud, will give us the details in the forecast. Then I will comment on our business areas and market views. We will gladly answer questions at the end. For those of you who participate digitally, you can send questions to the chat. Pareto Bank received a result after tax of 178.5 million in the first quarter. This amounted to a self-tax after tax of 13.5%. The net income increased to 315 million, and the total loan was up from 151 million to 20.9 billion. In the first quarter, the average volume of expenses was 4% higher than in the fourth quarter, after a strong growth at the end of the year. As a result of high activity and growth in the fourth quarter, we started 2025 with a high focus on capital and a strict customer priority. We continue our long-term work by building a broad network and a robust customer portfolio in Sweden. In the first quarter, the exposure was somewhat up after strong growth throughout 2024. In the first quarter, the sum of deductions and loans was 37.1 million. The individual deductions ended at 29.4 million,----and were mainly for financing housing development. As previously mentioned, it takes time to work out---the difficult projects. Individual deductions and taking out loans will only be at a higher level in the next few quarters than what has been normal for Pareto Bank. The new housing market is still difficult, and after the change of year, the general market interest has also increased. In the next picture, we show the development in central key figures for the last five quarters. We see that in the first quarter, the GDP drop ended at 13.5%, up from 12.2% in the fourth quart...