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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Q3 2022 Nordea Bank Abp Earnings Call Transcript

Oct 20, 2022 / 08:00AM GMT
Release Date Price: $9.24 (+0.76%)
Matti Ahokas
Nordea Bank Abp - Head of IR

Good morning, and welcome to Nordea's Third Quarter '22 Results Presentation. Here in Helsinki, we have our CEO, Frank Vang-Jensen; our Group CFO, Ian Smith; and my name is Matti Ahokas from Investor Relations. As usual, we will start with a presentation by Frank. And after that, you will have a chance to ask questions. (Operator Instructions)

With those words, I leave the floor to our CEO, Frank Vang-Jensen.

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

Good morning. Today, we have published our third quarter results. The autumn has started with high uncertainty, the continued war in Ukraine, weakened macroeconomic picture, rising inflation, higher interest rates and reduced consumer confidence. All of these are putting pressure on private individuals, businesses and societies. We should expect that this uncertainty will be significant also in the coming quarters.

As a bank, Nordea is well placed to weather more difficult conditions. Our business model has been

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