Nordea Bank Abp (OTCPK:NRDBY)
$ 11.44 0.12 (1.06%) Market Cap: 39.97 Bil Enterprise Value: 188.31 Bil PE Ratio: 7.39 PB Ratio: 1.22 GF Score: 69/100
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Nordea Bank Abp Annual Shareholders Meeting (Pre-recorded) Transcript

May 28, 2020 / 12:00PM GMT
Release Date Price: $6.77 (+0.29%)
Torbjorn Magnusson
Nordea Bank Abp - Chairman of the Board

Welcome to Nordea's Annual General Meeting. These are extraordinary times, and this is an unusual Annual General Meeting. I apologize for any inconvenience this may have caused you. But of course, health and safety will always have to come first. And I hope that we will meet in person next year and have more detailed discussions. The COVID-19 pandemic has proved the saying that you need to be prepared for the unexpected, and Nordea is an exceptionally well-capitalized bank. At the same time, management has all it needs to meet customer expectations. So we are well prepared to meet good times but indeed also to meet rough times and with unexpected circumstances.

As you're aware, the Board has proposed a different dividend process this time in face of the pandemic and following the recommendation from the ECB. The Board proposes to postpone the decision on dividend payment for the financial year 2019 and to authorize the Board to decide on the dividend payment later this year. We intend to follow the recommendation by the ECB and refrain

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