SpareBank 1 Sør-Norge ASA (SBRKF) Q4 2025 Earnings Call Transcript

SA Transcripts158.35K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call SpareBank 1 Sør-Norge ASA (SBRKF) Q4 2025 Earnings Call February 12, 2026 7:30 AM EST Company Participants Inge Reinertsen - Chief Executive OfficerEirik Monsen - Chief Financial OfficerMorten Forgaard - Vice President of Investor Relations Conference Call Participants Simen Aas - DNB Carnegie, Research DivisionHerman Zahl - Pareto Securities AS, Research Division Presentation Inge ReinertsenChief Executive Officer Good afternoon, everybody, and a warm welcome to this Fourth Quarter Presentation for the SpareBank 1 Sor-Norge Group. My name is Inge Reinertsen. I'm Group CEO of the bank. Together with me, Mr. Eirik Monsen, who is our CFO; and also Mr. Morten Forgaard, who is Head of Investor Relations. Together, we will give you a brief presentation of the yearly figures and also the fourth quarter, and then we will be open for questions from you. First, just a quick look at the macro conditions. Still Norway and the southern part of Norway, in particular, is a very prosperous area to do banking business. If you look at the PMIs, they are for all countries except from the [ other country ] above 50%, which states that the expectation is on the positive side. Unemployment remains low in the area of 2% for the country. And despite the ongoing global uncertainty, the activity remains on a high level for Norway as a country. 2 days ago, we announced the new group management of the bank. It is now approximately 18 months, since we had the merger in between SpareBank 1 SR-Bank and SpareBank 1 Norway. And during that period, we have maintained a high growth and high profitability, but now we take measures to make the organization even more effective. We have reduced the group management by approximately [ 50% ]. That leaves more decision power to fewer people in the group management and also that will have a