Sparebanken Vest (0G67) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of our three-quarter number for Sparbank Norway. The first quarter where we are Ny Bank, where we are Sparbank Norway. And if you have questions along the way, do as you always do, send them to this email address, then we will, at best, answer the questions in a question and answer round, after I have gone through the main points in our quarter numbers for the third quarter. If we start with the most important key figures, we have a good quarter. We are in a very exciting phase with the establishment of Sparbank Norway. We have just started. We have started our cost-realization synergy work. We have worked well on the capital side. We invest in new geography, which is one of the things that characterizes the result. Nevertheless, we have a good net capital return of 14.5 in the quarter. And we also have a route of 16.5, where we adjust for goodwill, added value and writing down of these added values. So a very good underlying trend in spite of significant change and significant investment right now. We have a result per capita for 4 kroner and 1 euro. We have a very good capital situation. Tensyn has taken a new floor on risk values on the personal market. We are at 18.1 at the beginning of this quarter, and we have a recorded value per capita now of 112.20 kroner. We deliver a good result, despite the fact that we are in a transition, in a breaking point, in a start-up phase with Sparbank Norway. We have a goal of having operating synergies and cost synergies of over 425 million. There are no funding benefits or other elements related to the net income. These are pure costs. We have capital synergies, which we have guided on, at 3.4 billion kroner. We have fusion costs in the course of 2024-2027, which we are working with to ensure that w...