Pareto Bank ASA (0RI3) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everyone. Welcome to the third quarter of the third quarter. We start with the main features in the accounting. After that, the CFO of the bank, Vegard Toverud, will give us more details. Then I will comment on business areas and market views. As usual, we will answer questions at the end. For those of you who participate digitally, you can send questions to the meeting chat. In Q3, Pareto Bank received a net profit of 176.8 million kroner. The net profit was 13% and was lower than our long-term investment of 15%. Net income was 287.2 million kvartals, 26 million less than in the same period last year. The main reason for the decline in the net income was a lower loan volume. The sum of the loan ended at a snowy 19 billion kroner at the beginning of the quarter. That was 266 million kroner down from the half-year shift. As expected, we received loan exemptions and had fewer new credit commitments. Sum of deductions and taking out loans was a total of 15.1 million. The model-based deductions were down by 10 million, primarily due to a lower loan volume. the individual deductions increased by 16.6 million. These were mainly within housing development. It was also found to have lost the corresponding 8.5 million in the third quarter. In this picture, we show the development in central and key figures for the last five quarters. It is natural to focus on the net income. It was 287 million in the third quarter, and was down by 26 million compared to the third quarter last year, and down by 32 million compared to the second quarter this year. We received, as expected, benefits on business and offshore, and at the same time we had fewer new credit commitments. The loss percentage was 0.08% of average net income. This is about the same level as in the second quarter...