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

Q4 2023 Nordea Bank Abp Earnings Call Transcript

Feb 05, 2024 / 09:00AM GMT
Release Date Price: $11.6 (-5.92%)
Ilkka Ottoila

Good morning, and welcome to Nordea's Fourth Quarter and Full Year 2023 Results Presentation. I'm Ilkka Ottoila, the Head of Investor Relations for Nordea. Here in Helsinki, we have our CEO, Frank Vang-Jensen; and our CFO, Ian Smith. Today, we'll start with a presentation by Frank, followed by further details on our updated 2025 targets by Ian. After that, you will have a chance to ask questions. Please remember to dial in to the teleconference to ask questions.

With that, I'll leave the stage to our CEO, Frank Vang-Jensen.

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

Good morning. Today, we have published our fourth quarter and full year 2023 results. 2023 was another strong year for Nordea. Despite the weakening economic environment, we kept up good business momentum, and we moved forward in line with our priorities and business plan, and this led to solid financial results.

Our return on equity was 16.9% for the full year, up from 13.8% in '22. The trend has clearly been positive. Return on equity

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