Maria Caneman
Head of Investor Relations

Good morning. Thank you for dialing in this morning. I am Maria Caneman, Head of Investor Relations here at Swedbank. And it's my pleasure to welcome you to our first quarter results presentation. I am joined today by our CEO, Jens Henriksson; and our CFO, Jon Lidefelt. Jens and Jon will start with the presentation, and then, there will be an opportunity to ask questions.

With that, over to you, Jens.

Jens Henriksson
President & CEO

Thank you, Maria. Swedbank has started 2026 by once again delivering a stable result in uncertain times. The resilience of the global economy is once again tested with increasing geopolitical tensions and rising energy prices. The IMF revised down global growth slightly the other week, but they warn that the effects on the world economy could be significantly worse if the conflict in the Middle East is prolonged or escalates.

The bank's 4 home markets continue to perform well, especially relative to other countries. Our economists estimate that the Swedish economy will grow by around 2% this year, and the same applies for Estonia and Latvia. The Lithuanian economy is expected to continue to grow by around 3% in 2026. In our home