Nordea CEO: There Will Be Higher Provisions for Loan Losses

The video discusses the impact of the COVID-19 crisis on loan loss provisions, highlighting the strong initial position of the bank and the need for higher provisions due to economic uncertainty. It examines sector exposure, particularly in oil and energy, and the potential risks involved. The demand for corporate loans and the possibility of increased impairments in the second quarter are also addressed. The video concludes with a discussion on future lending standards and risk management strategies, emphasizing the bank's strong credit culture and past de-risking efforts.

What changes in lending standards are being considered in light of the evolving economic situation?

How has the bank's credit culture contributed to its handling of credit losses?

What measures has the bank taken to derisk itself in the past few years?