Pareto Bank ASA (0RI3) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Pareto Bank Asa.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.111 Welcome, everyone. Welcome to the first quarter of 00:00:05.111 -- 00:00:07.422 the first quarter. 00:00:07.422 -- 00:00:12.490 We start with the main features in the forecast, and then 00:00:12.490 -- 00:00:17.537 the CFO of the bank, Vegard Toverud, will give us the 00:00:17.537 -- 00:00:22.685 details in the forecast. Then I will comment on our 00:00:22.685 -- 00:00:27.873 business areas and market views. We will gladly answer 00:00:27.873 -- 00:00:32.981 questions at the end. For those of you who participate digitally, you can send 00:00:32.981 -- 00:00:36.564 questions to the chat. 00:00:36.633 -- 00:00:41.741 Pareto Bank received a result after tax of 178.5 00:00:41.741 -- 00:00:47.029 million in the first quarter. This amounted to a self-tax after 00:00:47.029 -- 00:00:50.875 tax of 13.5%. The net 00:00:50.875 -- 00:00:56.564 income increased to 315 million, and the total loan was up 00:00:56.564 -- 00:01:00.770 from 151 million to 20.9 00:01:00.770 -- 00:01:06.401 billion. In the first quarter, the average volume of expenses 00:01:06.401 -- 00:01:11.411 was 4% higher than in the fourth quarter, after a strong growth at the end of 00:01:11.411 -- 00:01:12.874 the 00:01:12.874 -- 00:01:18.064 year. As a result of high activity and growth in the fourth quarter, we started 2025 00:01:18.064 -- 00:01:24.392 with a high focus on capital and a strict customer priority. 00:01:24.524 -- 00:01:29.815 We continue our long-term work by building a broad network 00:01:29.815 -- 00:01:33.383 and a robust customer portfolio in Sweden. 00:01:33.383 -- 00:01:39.195 In the first quarter, the exposure was somewhat up after strong 00:01:39.195 -- 00:01:41.636 growth throughout 2024. 00:01:42.563 -- 00:01:48.108 In the first quarter, the sum of ...