Nordea Bank AB (publ)
Nordea Bank AB: Second Quarter Results 2017

COPENHAGEN, DENMARK — (Marketwired) — 07/20/17 — Nordea Bank AB
(EURONEXT PARIS: XHFT)

Temp : XHFT

Second Quarter Results 2017

CEO Casper von Koskull’s comments on the results:

‘In the second quarter, we have seen evenly distributed growth in our
four Nordic home markets. The overall economic situation remains very
solid although the geopolitical environment is increasingly unstable.


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.’

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the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/5983L_1-2017-7-20.pdf