Nordea Planning Share Buybacks Later This Year

The transcript discusses a bank's strong performance driven by income growth and cost control. It highlights cost reduction strategies, plans for share buybacks, and maintaining financial buffers. The bank is also adjusting travel and work practices post-COVID-19.

What factors contributed to the bank's strong financial results?

• High employee turnover

• Increased marketing expenses

• Decreased lending to enterprises

• High income growth and cost control

Which of the following is NOT a priority for improving efficiency?

• Increasing marketing budget

• Optimizing operational efficiency

• Driving income growth initiatives

• Delivering great customer experience

What is the bank's plan regarding the share buyback program?

• To start immediately

• To cancel the program

• To initiate after ECB restrictions are lifted

• To conclude by Q2

Why is the bank retaining a financial buffer?

• To invest in new projects

• To expand into new markets

• Due to uncertainty in financial implications

• To increase employee salaries

How has the bank adapted its business travel practices post-COVID-19?

• Eliminated all business travel

• Increased travel frequency

• Maintained pre-COVID travel levels

• Reduced travel and adopted new meeting methods

What is the expected impact of the new ways of working post-COVID-19?

• More in-person meetings

• Less travel and different meeting approaches

• Higher office occupancy

• Increased travel expenses

What is the main reason for the bank's reduced business travel?

• Cost-cutting measures

• Learnings from the pandemic

• Environmental concerns

• Increased virtual meeting costs