Nordea Has a Very Strong Financial Position, Says Group CEO

The transcript discusses the bank's dividend policy under ECB supervision, highlighting a strong financial position and the intention to pay dividends, pending ECB guidelines. It addresses the impact of the dividend pause, the reversal of loan losses due to prudent management, and the outlook for the European banking industry, focusing on strategic goals and potential consolidation.

What is the bank's current stance on paying dividends?

• They have decided not to pay dividends at all.

• They have postponed the decision until January.

• They have decided to pay dividends immediately.

• They are paying dividends only to select investors.

Why did the bank create a larger management buffer in Q2?

• To prepare for potential loan losses.

• To reduce operational costs.

• To increase profits for the quarter.

• To comply with new ECB regulations.

How much in loan losses was reversed by the bank this quarter?

• €1 million

• €2 million

• €4 million

• €3 million

What is the bank's strategy for the coming years?

• To diversify into non-banking sectors.

• To focus on the Nordic countries.

• To merge with other European banks.

• To expand into Southern Europe.

What is the bank's approach towards the European banking industry's future?

• They are investing heavily in technology.

• They are reducing their operations in Europe.

• They are focusing on their own development.

• They are actively seeking mergers.