Q1 2025 Nordea Bank Abp Earnings Call Transcript

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Apr 16, 2025

Apr 16, 2025 / 08:00AM GMT
Ilkka Ottoila - Nordea Bank Abp - Head, Investor Relations

Nordea's first-quarter 2025 results presentation. I'm Ilkka Ottoila, Head of Investor Relations. As usual, we'll start with the presentation by CEO, Frank Vang-jensen, followed by a Q&A session with Frank and CFO, Ian Smith.

Please remember to dial in to the teleconference to ask questions.

With that, Frank, the stage is yours.

Frank Vang-Jensen - Nordea Bank Abp - President and Group Chief Executive Officer, Member of the Group Leadership Team

Good morning. Today, we have published our results for the first quarter of 2025.

Despite the significant uncertainty that impacted the first quarter and has further escalated in the recent weeks, Nordea performed well, delivering growth in business volumes and continued high profitability. Return on equity was 15.7%, consistent with our financial target set three years ago.

Our results for the quarter reinforce the fact that Nordea is strong, resilient, and predictable. And that feels all the more

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