Nordea Bank Abp (OTCPK:NRDBY)
$ 11.32 0.15 (1.34%) Market Cap: 39.55 Bil Enterprise Value: 188.06 Bil PE Ratio: 7.69 PB Ratio: 1.21 GF Score: 69/100
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Q3 2020 Nordea Bank Abp Earnings Call Transcript

Oct 23, 2020 / 07:30AM GMT
Release Date Price: $7.99 (+3.50%)
Matti Ahokas
Nordea Bank Abp - Head of IR

Good morning, and welcome to Nordea's Third Quarter 2020 Results Presentation. With me here in Helsinki, we have the President and CEO, Frank Vang-Jensen; acting CFO, Mark Kandborg; as well as Group Chief Risk Officer, Matthew Elderfield. My name is Matti Ahokas, Head of Investor Relations.

We will start with the presentation. And after that, you will have a chance to ask questions. In order to ask a question, you will need to dial in to the teleconference.

With that, I'll leave the word to you, Frank. Please.

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

Thank you, Matti, and good morning, everybody. Today, we have published our third quarter results. But before going deeper into the numbers, I would like to bring us back to October a year ago. At that time, we published our new financial targets and updated our business plan. We needed a new direction and clear priorities to retake lost ground in business and become truly competitive again. The recipe was and

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