Jyske Bank AS (LTS:0MGD)

Q1 2025 Jyske Bank A/S Earnings Call Transcript

May 7, 2025 / 10:00 AM GMT

Release Date Price: kr589.5 (+6.99%)

Transcript

Key Points

Positve

Jyske Bank AS (FRA:JYS1) reported a 2% year-on-year growth in EPS despite lower Danish policy rates.
Net fee income increased by 20% year-on-year, driven by higher assets under management and increased activity levels.
Effective cost management led to a 3% reduction in the cost base year-on-year.
Customer satisfaction has significantly improved across all areas, contributing to the highest organic growth rate in mortgage financing for personal customers since 2018.
The bank is comfortable with its current capital position and expects no significant impact from upcoming regulations, allowing future earnings to be reserved for growth and capital distribution.

Negative

There is a higher downside risk on interest rates, with expectations of two further cuts this year, leading to increased uncertainty in the macro environment.
The CT1 ratio saw a drop to 15.7% due to the implementation of Basel 4 regulations.
Asset under management experienced a slight dip due to higher market volatility, despite a net inflow of funds.
The trade war has introduced greater uncertainty, impacting the financial markets and potentially affecting future earnings.
The bank's interest rate sensitivity has been larger than expected, which could lead to higher implications on the NII line due to downside risks in policy rates.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JYSK.CO - Jyske Bank A/S
Q1 2025 Jyske Bank A/S Earnings Call
May 07, 2025 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hi everyone.

Thank you for joining us in Uske Bank's conference call for the financial results for the first quarter of 2025.

This is Simon Howard from Investor Relations speaking with me. I have Newske Bank CEO Las Mark and CFO Jo Nelson.

Lars and will walk you through our prepared remarks. Afterwards, we'll open up for for questions. I will now hand over to Lars.

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Unidentified_2 [2]
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Thank you, Simon.

And thank you all of you for joining this conference call for the Q1 results 2025. We've had a strong start to the year

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