Nordea Bank Abp
Nordea Bank AB (publ): Second Quarter Results 2017
DGAP-News: Nordea Bank AB (publ) / Key word(s): Quarter Results Second Quarter Results 2017 CEO Casper von Koskull’s comments on the results:
After a period of improved margins, we recently saw a stabilising margin trend, which we expect to continue. We are also seeing continued high activity in corporate advisory services and improved inflow in asset management operations. Customer activities in the capital markets have been lower this quarter due to low volatility. We have had very high activity in the quarter in our simplification and transformation projects, which has impacted the cost development. Credit quality is solid and we expect loan losses below the long-term average in coming quarters. We continue to build up and strengthen our capital position and the Common Equity Tier 1 ratio reached an all-time-high level of 19.2%. As new initiatives have surfaced in Scandinavia about exploring to join the banking union, we would like to process this information before making a final decision in September about our domicile. The transformation programme is progressing according to plan, a key milestone has been reached in the Core Banking Programme, and approximately 28,000 Nordea employees have been engaged in the implementation of the new business culture.” Second quarter 2017 vs. Second quarter 2016 (Second quarter 2017 vs. First quarter 2017)
20.07.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Nordea Bank AB (publ) |
Smålandsgatan 17 | |
105 71 Stockholm | |
Sweden | |
ISIN: | CH0284415681 |
WKN: | A1Z2TU |
Listed: | Regulated Unofficial Market in Berlin; Open Market in Frankfurt; SIX |
End of News | DGAP News Service |