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 2023 Nordea Bank Abp Earnings Call Transcript

Jul 17, 2023 / 08:00AM GMT
Release Date Price: $11.67 (+2.37%)
Matti Ahokas

Good morning, and welcome to Nordea's Second Quarter 2023 Result Presentation. Here in 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 a presentation by Frank, and after that, you will have a chance to ask questions. To ask a question, please remember to dial into the teleconference.

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 half-year and second quarter results for 2023. During the first half of the year, the geopolitical landscape has remained fragile. Moreover, macroeconomic uncertainty and persistently high inflation have put pressure on both private individuals and corporates.

We have also seen turbulence in the financial markets. In this challenging environment, banks are expected to be solid and trustworthy corporate citizens in society.

Nordea is one of the most stable and

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