Pareto Bank ASA (0RI3) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.175 Welcome, everyone. Welcome to the fourth quarter 00:00:05.175 -- 00:00:07.777 of the year. 00:00:08.080 -- 00:00:12.164 We start with the main features in the accounting. 00:00:12.164 -- 00:00:16.890 After that, the bank CFO, Vegard Toverud, will give us more details. 00:00:16.890 -- 00:00:21.995 Finally, I will give a status on our business areas and tell you a little about 00:00:21.995 -- 00:00:24.318 market views. 00:00:24.318 -- 00:00:30.004 We are happy to answer questions. Finally, for those of you who participate digitally, 00:00:30.004 -- 00:00:32.587 you can send questions 00:00:32.587 -- 00:00:35.388 to the chat. 00:00:37.223 -- 00:00:43.093 Pareto Bank received a tax return of NOK 675.6 00:00:43.093 -- 00:00:48.562 million for 2025. The result was a decrease of 2% 00:00:48.562 -- 00:00:53.610 from 2024, as a result of a reduction in the volume of 00:00:53.610 -- 00:00:58.418 loans by 9% year-on-year, and higher loss costs. 00:00:58.418 -- 00:01:00.144 Self-inflation 00:01:00.144 -- 00:01:05.403 after tax was 12.4% and was affected by both the loss 00:01:05.403 -- 00:01:06.848 costs 00:01:06.848 -- 00:01:09.860 and a strong solidity. 00:01:09.860 -- 00:01:15.605 Several of the bank's property customers are still experiencing demanding 00:01:15.605 -- 00:01:21.609 times. This also means that the loss cost ended at 0.89% 00:01:21.651 -- 00:01:27.356 of net payments last year against 0.65% the year before. 00:01:27.356 -- 00:01:32.361 In the fourth quarter, there was a large increase in the loss costs, 00:01:32.361 -- 00:01:37.686 and this was mainly due to several commitments within housing 00:01:37.686 -- 00:01:39.492 development. 00:01:39.492 -- 00:01:42.517 the operational efficiency 00:01:42.517 -- 00:01:47.965 was stil...