Unknown Executive

Good afternoon, everyone, and welcome to DNB's pre-close call for the second quarter. The reason for this call is to remind you of what we already have shared with the market and some relevant public data, which could possibly affect the second quarter results. There will be no new information during this call. The script for this call will be published on our IR website.

And as usual, I will start with the NII and the capital, and Anne will continue with the rest of the P&L. Starting with the NII, there is one more interest day in the second quarter compared to the first. So this is expected to impact the second quarter's NII positively by approximately NOK 120 million. On the lending volume side, we saw FX adjusted growth of 0.3% in the first quarter. So far this quarter, we've seen the average NOK strengthen, impacting NII negatively. The FX split in the loan portfolio for the first quarter was 8% U.S. dollars, 7% Euro and 6% SEK.

Following the Central Bank's decision to raise the key policy rate by 25 basis points to 4.25% on May 6, we announced a customer repricing of loans and deposits of up to 25 bps. This repricing will become effective from July 12 for existing customers. With the Central Bank's decision to raise key policy rate by 25 basis points to 4.25 -- sorry, with the Central Bank's latest policy rate decision today, the key policy rate was kept unchanged at 4.25%. It states that it's likely to raise the policy rate further at one of the forthcoming monetary policy meetings.