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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Nordea Bank Abp Conference Call for Investors and Analysts Transcript

Jul 19, 2023 / 06:45AM GMT
Release Date Price: $11.51 (-0.52%)
Martin Anders Persson
Nordea Bank Abp - Head of Large Corporates & Institutions

Good morning, everyone, and welcome to this conference call regarding the acquisition we announced in Norway this morning. We thought this would be a good time to go a bit to the details about it. And we all know that there's other banks reporting as well. But let's start with a short intro by Ian about the rationale of the transaction, and then please ask any questions you may have. And I hope that you could use the Raise Your Hand function on Teams or then if you're calling in, just shout after that.

But with that, over to you, Ian.

Ian Stuart Smith
Nordea Bank Abp - Group CFO & Head of Group Finance

Thanks, Martin, and good morning, everybody. Welcome to the call today. We're pleased to announce that Nordea will acquire Danske Bank's Norwegian personal customer and Private Banking business. and the associated asset management portfolios that come with those customers. This is another important step in executing our Nordic growth strategy, a bolt-on acquisition

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