Pareto Bank ASA (0RI3) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.040 Hello everyone. Welcome to the second quarter of 00:00:05.040 -- 00:00:10.408 the year. We start with the main attraction in the accounting. 00:00:10.408 -- 00:00:15.895 After that, the CEO of the bank, Vegard Tovre, will give us more 00:00:15.895 -- 00:00:21.382 details. Then I will give a status on our business areas and comment 00:00:21.382 -- 00:00:24.106 on market views. 00:00:24.106 -- 00:00:28.071 As usual, we will answer questions at the end. 00:00:28.071 -- 00:00:34.697 For those of you who participate digitally, just send questions in the chat to the meeting. 00:00:35.300 -- 00:00:40.753 Pareto Bank received a tax return of NOK 207 00:00:40.753 -- 00:00:45.855 million in Q2. The result was a self-inflation after 00:00:45.855 -- 00:00:48.278 taxes of 15.1%, 00:00:48.278 -- 00:00:54.644 in line with the bank's long-term interest 00:00:56.808 -- 00:01:02.075 rate of 15%. The net income increased to 319 00:01:02.075 -- 00:01:07.750 million, and the total net profit ended at 19.2 billion. 00:01:07.750 -- 00:01:10.956 After high activity and strong 00:01:10.956 -- 00:01:15.966 growth last year and into the first quarter, we had a decline in the volume 00:01:15.966 -- 00:01:18.331 of payments in the second quarter. 00:01:18.331 -- 00:01:23.461 The average volume of payments in the second quarter was around 00:01:23.461 -- 00:01:29.632 1% lower than in the first quarter. The decline was due to the 00:01:29.632 -- 00:01:35.019 lack of new credit commitments and a large volume 00:01:35.019 -- 00:01:40.206 of loan exemptions. We are now experiencing increased 00:01:40.206 -- 00:01:45.473 insecurity, a decrease in risk and investment will and therefore activity 00:01:45.473 -- 00:01:47.396 among customers, 00:01:47.396 -- 00:01:53.06...