Nordea Bank CEO on Earnings, Reorganization, Negative Rates

The transcript discusses the bank's performance, focusing on business activity and growth, reorganization efforts, and the impact of interest rates. It highlights the bank's strategies to improve operational efficiency and income base, while addressing challenges in bond trading due to changing market dynamics. The bank aims to achieve financial targets despite the negative interest rate environment.

What was the primary factor behind the bank's improved performance in the quarter?

• Government subsidies

• Increased business activity

• Interest rate environment

• New technology implementation

What financial target is the bank aiming to achieve by 2022?

• Cost income ratio of 60

• Return on equity above 15%

• Cost income ratio of 40

• Return on equity above 10%

How has the end of negative interest rates in Sweden affected the bank?

• It has significantly boosted income growth

• It has had no impact on the bank

• It has created challenges for the deposit engine

• It has led to increased borrowing costs

What is one of the bank's strategies to improve operational efficiency?

• Implementing 70 cost initiatives

• Expanding into new markets

• Increasing the number of account products

• Reducing customer service hours

Which business area is experiencing growth across all countries?

• Retail banking

• Corporate loans

• Mortgage business

• Investment banking

What has changed in the landscape of bond trading according to the bank?

• Increased positive carry

• Stable interest rates

• Shift in rate dynamics

• Decreased market volatility

How is the bank adapting to the new bond trading environment?

• By reducing bond trading activities

• By focusing on short-term gains

• By reconditioning corporate institutions

• By increasing bond holdings