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Hello and welcome to the DNB Q2 conference call. My name is George and I'll be your coordinator for today's event. Please note, this conference is being recorded and for the duration of the call, the lines will be in the listen only mode. However, you will have the opportunity to ask questions towards the end of the presentation and this will be done by pressing star 1 on your telephone keypad to answer your question. If you require assistance at any point, please press star 0 and you will be connected to an operator. Asa Sp Asa Sp Asa Sp Asa Sp Asa Sp Asa Sp Asa Sp

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All of the business areas with also CNB Carnegie and wealth management as the strong drivers on the fee side. The backdrop of all of this is a very resilient and robust Norwegian economy that continues to demonstrate the same even though there are still turbulences in the world economy and the Middle East around us. We continue to see a sound development, continue to expect the GDP growth in the mainland economy As you probably already have noticed, there was an increase in the key policy rate by the central bank during the second quarter and expectations of one more most likely in the third quarter of this year before the key policy rate again is expected to come down in the second half of 2027. Asa Sp-Adr Asa Sp-Adr growth in both fee-related and interest-related activities are the drivers for the results. You may have noted that our net interest income is down by 1.1%. So the growth is offset by some elements of competition and product mix effect. To be more specific, if you look at the spread development net of revenue related to interest on equity and treasury elements, it's a reduction of 264 million kroner, which is evenly spread among product mixed effects as well as competitive pressure. It's also worth noting that the volume growth that comes primarily in Corporate Customers Norway and LCR comes towards the end of the quarter and as such the average volumes are down or stable I would say in the quarter whereas the end of quarter numbers shows a growth of 1.4% for the group as a whole. Asa Sp-Adr Asa Sp-Adr Asa Sp-Adr Asa Sp-Adr Asa Sp-Adr Asa Sp-Adr