Simon Falk
Head of Equity Investor Relations

Hi, everyone. Thank you for joining us on Eke Bank's conference call for the financial results for the first quarter of 2026. This is Simon Hagbart from Investor Relations speaking. With me, I have Jyske Bank's CEO, Lars Morch; and CFO, Birger Nielsen. Lars and Birger will walk you through our prepared remarks. Afterwards, we will open up for questions. I will now hand over to Lars.

Lars Stensgaard Morch
CEO, MD & Member of Executive Board

Thank you, Simon, and I would also like to welcome you to our conference call for the first quarter of 2026. We made a solid start to 2026, delivering earnings per share of DKK 17. Results were impacted by challenging financial markets, but our underlying performance continued to show good progress supported by high activity disciplined cost management and strong credit quality, while we maintained a clear focus on customers, customer relationships and strategy execution. Credit quality remained very solid in the quarter. Loan impairment charges were at a low level, while we prudently built significant post-model adjustment buffers in response to elevated geopolitical uncertainty.

The Danish economy remains fundamentally sound and our customers' financial situation is generally robust, although geopolitical uncertainty is elevated. Our capital position also remains robust. At the end of the quarter, our CET1 ratio stood at 15.9% adjusted for expected payouts. This is well above our target level of 15%. Finally, we continue to make progress on