Sparebank 1 Sor Norge Asa (SBRKF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and heartily welcome to a very short presentation of Sparbank 1 Essabank's results for the second quarter of 2024. We have over time worked consistently both structurally and organically in order to strengthen Assa Bank's position both in the market as well as contribute to a stronger Sparbank One alliance over time. And this is what we actually now see some results from in the present quarter. In the first half of 2024, we had a good underlying growth in the group. We had increased loan growth, growth in other income, and low loan losses. In addition, we have worked in order to prepare for the merger with Sparbank 1, Sørøst Norge, which will take place from 1 October. When we merge the seventh largest and the largest, these two... Good afternoon and heartily welcome to a very short presentation of Sparbank 1 and SABank's results for the second quarter of 2024. We have over time worked consistently both structurally and organically in order to strengthen Assa Bank's position both in the market as well as contribute to a stronger Sparbank One alliance over time. And this is what we actually now see some results from in the present quarter. In the first half of 2024, we had a good underlying growth in the group. We had increased loan growth, growth in other income, and low loan losses. In addition, we have worked in order to prepare for the merger with Sparbank One, Sørøst Norge, which will take place from 1st of October. When we merge the seventh largest and the largest, these two banks, number seven and number one, both Sparbank One banks, we will by far become the largest savings bank. in Norway, and we will have a loan book close to 400 billion Norwegian crowns. And if you look at our retail and offices distribution, we will have 65 offices along the...