Q1 2024 Jyske Bank A/S Earnings Call Transcript
Hi, everyone. Thank you for joining us on Jyske Bank's conference call for the financial results for the first quarter of 2024. 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 Q&A. I will now hand over to Lars.
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Thank you, Simon, and thank you all for joining here. We've had a solid start to the year. The net profit of approximately DKK 1.3 billion in the first quarter of 2024 is on par with our highest Q1 net profit so far and is a full 51% above the levels in just 2 years ago. This is, of course, underpinned by higher level of interest rates and the integration of Handelsbanken and the Handelsbanken Danish activities.
However, the strong result still underlines the resilience of Jyske Bank's business model as activity levels has been remarkably
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