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

Nordea Bank Abp at Bank of America Banking & Insurance CEO Conference Transcript

Sep 21, 2022 / 01:00PM GMT
Release Date Price: $9.22 (-1.07%)
David Taranto
BofA Securities, Research Division - Associate

This is David Taranto, I'm the Nordic banks analyst at Bank of America. And as you well know, we are going to have a fireside with Ian Smith, the CFO of Nordea Bank.

Questions & Answers

David Taranto
BofA Securities, Research Division - Associate

But before the session, we have 3 quick questions to audience, and we would appreciate if you could answer them on your pads on or under your seats. Question number one, what should be the key lever of Nordic Bank's relative share price performance over the next 12 months: interest rate sensitivity, market share developments, efficiency, asset quality or capital distributions?

Well, that's quite clear. Interest rate sensitivity, followed by asset quality and capital distributions.

Yes. Question two, please. Nordic banks are (inaudible) European banks. A, should increase further, in 2023, resilient asset quality and better efficiency should lead to better results? B, should narrow in 2023, because Europe is more geared to rising

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