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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Q3 2024 Nordea Bank Abp Earnings Call Transcript

Oct 17, 2024 / 08:00AM GMT
Release Date Price: $11.97 (+5.37%)
Ilkka Ottoila
Nordea Bank Abp - Head of Investor Relations

Good morning and welcome to Nordea's third-quarter 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. As usual, we'll start with the presentation by Frank, followed by Q&A session. Please remember to dial into 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, Group Chief Executive Officer

Good morning. Today, we have published our results for the third quarter. This was another good performance from Nordea with profitability again at a high level. Returns on equity was 16.7%.

Business volumes were stable during the quarter and customer activity was good, especially in savings and investments. This supported a year-on-year increase in our income. Our return on equity has clearly exceeded 15% for the past eight quarters, which demonstrates the bank's

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