Sparebank 1 Ostlandet (0RU6) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning from Hamar. Now that you have found the coffee cup, I am ready for a really good review of the first quarter contract for Sparebanken Østlandet. In this picture, we see that spring has come to Hedmarken, and when it is even greener and more beautiful, then the trip will be even better. My name is Klara Lise Aasen, and I am the head of the bank. If you have any questions, send them to the e-mail address on the first page here. Investor at sbnostlandet.no. The first quarter has passed, and we are in the month of May. It is a very good and solid quarter for us. It is the first quarter with Toten Sparbank introduced, and it is good to see that integration is planned, and we have a one-capital discount of over 14%. There is both good revenue growth, and there is a solid underlying drive that is the reason for this. The different posts will, as a finance director, be mentioned later, but I would like to point out that we are very pleased with the promotion revenues. There is widespread growth in all areas, but especially savings, insurance and self-employed services. The costs are somewhat high, but at the same time, it also drives you from good growth in the income market side, which also contributes to higher provisions. The loss costs are moderate this quarter. They are higher than they were in the first quarter last year, but at the same time, it is an underlying good portfolio with robust credit quality and net positive migration. Total net profit per pro forma is 4.6. That is higher than the market growth, and we have a good and solid underlying solidity. Financial targets. We updated the court in August last year. One-capital issuance at 13%, which is a long-term goal. It is an important goal for us to deliver on over time. This quarter, we are well on....