Nordea Bank Abp (OTCPK:NRDBY)
$ 11.32 0.15 (1.34%) Market Cap: 39.55 Bil Enterprise Value: 188.06 Bil PE Ratio: 7.69 PB Ratio: 1.21 GF Score: 69/100
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Q2 2024 Nordea Bank Abp Earnings Call Transcript

Jul 15, 2024 / 08:00AM GMT
Release Date Price: $11.58 (-3.82%)
Ilkka Ottoila
Nordea Bank Abp - Head of Investor Relations

Good morning, and welcome to Nordea's half-year 2024 results presentation. I'm Ilkka Ottoila, Head of Investor Relations. Here in Helsinki, I'm joined by our President and CEO, Frank Vang-Jensen; and our Group CFO, Ian Smith.

Today, we'll start with a presentation by Frank followed by a Q&A session. Please remember to dial in to the teleconference in order to ask your questions.

With that, let's get going. Over to you, Frank.

Frank Vang;Jensen
Nordea Bank Abp - President and Group Chief Executive Officer, Member of the Group Leadership Team

Good morning. Today, we have published our results for the second quarter of 2024.

It was another strong quarter for Nordea. Our return on equity was 17.9% in the quarter and 18% for the first half of the year, a level of profitability that puts us among the best performing banks in the industry. During Q2, we also delivered year-on-year growth on our two largest income lines, supported by a higher net interest

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