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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Q2 2022 Nordea Bank Abp Earnings Call Transcript

Jul 18, 2022 / 08:00AM GMT
Release Date Price: $9.09 (+6.57%)
Matti Ahokas
Nordea Bank Abp - Head of IR

Good morning, and welcome to Nordea's Second Quarter 2022 Results Presentation. Here in sunny Helsinki, we have our CEO, Frank Vang-Jensen; our CFO, Ian Smith; and my name is Matti Ahokas from Investor Relations. As usual, we'll start with the presentation by Frank and after that, you will have a chance to ask questions.

(Operator Instructions) With that, I leave the word to Frank.

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

Good morning. Today, we have published our second quarter results. We continue to witness turbulent times and the economic environment has clearly changed. The war in Ukraine and higher inflation has led to rising interest rates, lower expectations for economic growth, lower consumer confidence and weaker financial markets. Actually, in the first half of the year, the stock market saw its worse performance in 50 years.

Following the higher interest rates and with more rate increases to come, we can expect continued volatility and lower

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