...Good morning, and thank you all for joining us today for the presentation of our quarterly results. Before I begin, I want to acknowledge the absence of our CFO, +lafur H÷skuldsson, who is currently away due to medical reasons. We, of course, wish him a swift recovery and look forward to his return. In his absence, I will try to provide a comprehensive overview of our performance this quarter and our Chief Economist, Erna Sverrisd=ttir, will reflect on the external environment. But first, let's dive into the results. This was a solid start of the year with a return on equity of 12.8% and the results are underpinned by good momentum in our core earnings with a strong period in terms of fee generation, a solid net interest margin despite the complicated external rate environment. And in terms of insurance income, we also had one of the best first quarters for that business in what generally is a seasonally low period. Another highlight were key milestones reached in our land development projects,...
