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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Q2 2020 Nordea Bank Abp Earnings Call Transcript

Jul 17, 2020 / 07:30AM GMT
Release Date Price: $7.64 (+2.55%)
Operator

Good morning, everyone, and welcome to Nordea's Second Quarter 2020 Financial Results Presentation. We will start this webcast with a presentation from our President and Group CEO, Frank Vang-Jensen. This will be followed by an audio cast where investors and analysts also have an opportunity to ask questions from Frank as well as from our acting CFO, Mark Kandborg; our CRO, Matthew Elderfield; and Head of Investor Relations, Rodney Alfvén.

Thank you again for joining. With this, I'll turn it over to Frank.

Frank Vang;Jensen
Nordea Bank Abp - President & Group CEO

Thank you so much. So a good morning. Today, we have published our second quarter results and half year financial report for 2020. The impact of COVID-19 became increasingly in depth during the second quarter, and the pandemic continues to severely affect individuals, businesses and societies. The crisis has also accelerated many existing trends.

During the past month, societies have adopted new ways of living, working and consuming. We have witnessed an

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