Second Quarter Results 2014 Investor presentation
|
|
- Job Henry
- 5 years ago
- Views:
Transcription
1 Second Quarter Results 2014 Investor presentation Fourth Quarter and Full Year Results 2014 Berenberg European Conference USA 2015 Torsten Hagen Jørgensen, Group CFO Investor presentation Christian Clausen, President and Group CEO
2 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance. Although Nordea believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of various factors. Important factors that may cause such a difference for Nordea include, but are not limited to: (i) the macroeconomic development, (ii) change in the competitive climate, (iii) change in the regulatory environment and other government actions and (iv) change in interest rate and foreign exchange rate levels. This presentation does not imply that Nordea has undertaken to revise these forwardlooking statements, beyond what is required by applicable law or applicable stock exchange regulations if and when circumstances arise that will lead to changes compared to the date when these statements were provided. 2
3 The relationship bank business model has delivered 14 3
4 Nordea has a unique position in the Nordics Superior customer franchise Global capabilities on par with international peers 1 Retail Customers Corporates & Institutions Sweden Norway Relationships (m) Market position 4.2 # #2 Market position #1-2 #2 Capital Markets #1 Asset Management #1 Finland 2.9 #1-2 #1 Denmark 1.8 #2 #1-2 Life & Pension #1 Private Banking #1 Total Nordea 10.2 #1 #1 Note: Illustration excludes, Baltic's (406,700 total customers) and Russia (67,000 total customers) 1: Ranking in Nordic region 4
5 Pro-longed period of low growth and interest rates continued GDP Interest rates FX** 4% 2% 0% -2% Norway Sweden Denmark E* Finland 1,2 1 0,8 0,6 0,4 0,2 0-0,2-0,4 Euribor 3m Stibor 3m 1,8 1,6 1,4 1,2 0,8 0,6 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q EUR/USD (-18%) EUR/RUB (+26%) EUR/SEK (+5%) EUR/CHF (-15%) Slow recovery and increasing geopolitical risk Limited volume growth and increasing focus on asset quality EU economy lacks drivers, expansionary monetary policy Pressure on deposit margins, lower funding costs Significant FX impact in 2014 on income and costs Current FX-rates indicate similar negative impact also in 2015 *Nordea estimate **Indexed, =1 5
6 Net interest margin and volumes BLENDED NET INTEREST MARGIN DEVELOPMENT, BPS COMMENTS Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 LENDING AND DEPOSIT VOLUMES*, EURbn Blended margin down 5 bps to 103 bps Slightly improving lending margins Pressure on deposit margins Lending volumes up 3% y-o-y* Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Lending volumes Deposit volumes * Excluding repos and FX 6
7 Strong AuM growth with balanced risk levels in customer savings AUM DEVELOPMENT, EURbn COMMENTS All time high AuM at EUR 290bn Record high net inflow of EUR 7.2bn Continuous strong and well diversified inflow Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 High customer interest in balanced funds 53% of net sales AUM FUNDS SPLIT, % EUR 96.5bn EUR 132.1bn Balanced Equities Fixed income and MM Nordea Stable Return Fund has been the best-selling fund in Europe in the beginning of % of composites outperformed benchmark over a 3-year period Funds AuM Q1/14 Net sales Performance Funds AuM Q1/15 7
8 Net fair value NET FAIR VALUE DEVELOPMENT, EURm COMMENTS Supporting corporate and institutional customers to manage their risks Customer areas up from strong previous quarter High activity in capital markets Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Customer areas Other areas 8
9 Expenses under solid control TOTAL EXPENSES*, EURm COMMENTS Depreciations Other expenses Cost/income ratio improved 520 bps to 43.6% Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Staff costs Costs are down 3.4% in local currencies and excluding variable pay Staff costs up 3% in local currencies Higher variable pay and pension expenses Other expenses down 12% Cost programme delivering according to plan * Excluding non-recurring items 9
10 Special attention areas Finland Slight improvement in household and corporate PD s Loan losses at moderate level of 16 bps, down from 17 bps Slow growth but underlying macro conditions are stable Oil Russia 21% of portfolio* 2% of portfolio Credit exposure mainly towards large int l Russian, and Nordic, corporates 89% of credit portfolio in USD or EUR - financing large Russian corporates international operations Loan losses are at low levels limited risk on increased loan losses Danish agriculture 2% of portfolio 2% of portfolio Limited risk of increased loan losses, stress tests performed on customer level Likely negative effect on Norwegian economy, mitigated by lower interest rates, weaker NOK and sovereign oil fund spending Agriculture sector affected by world market price pressure; negative effect on crop, milk and pork prices Polarisation between strong and weak farmers *Portfolio of total loans to the public, excluding reverse repurchase agreements 10
11 Nordea capital considerations CET1 ratio build-up, % Pillar1 Countercyclical Norwegian Swedish & Buffer* Mortgage (0-2.5%) Risk Weight floor Pillar 2 Systemic Risk Buffer Pillar 2 (IRRBB, pension, conc risk)** Pillar 2 (other)** CET1 level as per Swedish FSA* Current Management buffer Nordea Q1/15 * Countercyclical buffer only applied for Sweden, in accordance with Swedish FSA Memorandum on Capital Requirement for Swedish banks (Feb 17, 2015) ** In the Swedish FSA Memorandum on May 11, 2015 (Adjusted requirement on the assessment of capital requirements from three significant risk types), the Swedish FSA published the final methods for assessing requirements for three different risk types. The CET1 requirement for Nordea based on these methods is estimated to 0.7%. Note that individual Pillar 2 CET1 requirements for other risks are estimated and agreed bilaterally with the Swedish FSA in the SREP and can vary over time. In the Swedish FSA Memorandum on Capital Requirements for Swedish Banks (Feb 17, 2015) a standardised CET1 value of 1.5% was used for other Pillar 2 risks. 11
12 Delivering on the 2015 plan - Progress in summary PROGRESS ON NORDEA FINANCIAL PLAN 2015 IN Q1/15 VS Q1/14 CET1 capital ratio Risk exposure amount Income growth Costs Loan losses CET 1 capital ratio up 100 bps to 15.6% Impact from capital management of EUR 31bn since 2013 of which 1bn in the quarter Income up 11% Cost programme delivering according to plan Loan loss ratio 14 bps RoE RoE up 290 bps to 14.3% Simplification Progressing according to plan 12
13 Strategic priorities 14
14 Three transforming drivers for the banking industry Balance sheet regulations Operational regulations Digitalisation Not over yet More to come Behaviour changing SIMPLIFICATION 14
15 Simplification will be the lever in our transformation Fewer, more flexible core products Simplification of customer data Investment in new IT platforms 15
16 Nordea strategic priorities Strategic priorities 1 2 Build on global product capabilities and superior Nordic distribution power Leverage on Pan-Nordic platforms and scale opportunities Improved income mix and growth Continued cost efficiency Disciplined capital management 3 Sustain actively managed portfolio with low volatility Stringent risk management 16
17 Retail Banking Household Branch optimisation and cash removal Improved income mix and growth 992 Branch locations Cash locations Increase share of wallet Mortgage growth with stable margins % 695 Strengthen online service, sales and advice Continued cost efficiency Branch optimisation and cash removal -67% 238 Product and service clean-up and simplification Process automation/consolidation IT simplification/develop future platforms for full economies of scale 17
18 Retail Banking Corporate Volume development * Improved income mix and growth Lending REA Increase share of wallet Active customer selection to shift business mix Mitigation of negative interest rates through actions towards Professional depositors -10% -23% Disciplined capital management Improved quality of existing customers (financial strength, collateralisation) Continued improvements of capital management Strengthened risk management models Cross-sales of capital light products * Year-end 2011 compared to year-end
19 Wholesale Banking CIB and SOO Strong large corporate franchise Improved income mix and growth Greenwich Survey* 100 Nordea 75 Peer 3 50 Peer 2 Peer 4 Peer 5 25 Peer 1 0 (40) Increase share of wallet, customer selection to shift business mix Accelerated shift from lending to capital market financing/syndications Strengthening of advisory value propositions Disciplined capital management Fee & commission income +15% Active business selection with focus on profitability Management of low yielding relationships Agency/intermediation role, optimised rating models/airb SOO = Shipping, Oil and Offshore * Share of important relationships (%, y-axis) vs. Quality index score (x-axis) 19
20 WB Capital Markets & Transaction Services C/I ratio of Capital Markets, FY2014* Improved income mix and growth Selective strengthening of international distribution New York equities distribution Improve competence pool in select markets and products Continued cost efficiency Nordea Nordic and International peers Highly cost-efficient operation Acceleration to e-markets New simplified payment platform Further long term efficiencies expected in line with Group Simplification deliveries *Best proxy to Nordea CMP used as benchmark. All ratios calculated in local currencies. 20
21 Wealth Management Pursuit of scale and profitable growth Improved income mix and growth % Cost / Income in PB Bp Cost / AuM ROE* in L&P % % % 12.5% Strengthen sales, advisory and service excellence Grow internationally through Distribution Partners Develop digital offerings Leading retirement offering Continued cost efficiency Benchmarking with global best practices Scalable and reliable IT platforms Performance culture *External principles 21
22 Second Quarter Results 2014 Investor presentation Fourth Quarter and Full Year Results 2014 Berenberg European Conference USA 2015 Torsten Hagen Jørgensen, Group CFO Investor presentation Christian Clausen, President and Group CEO
Second Quarter Results 2014 Investor presentation
Second Quarter Results 2014 Investor presentation Second Fourth Quarter and Results 2015 Full Third Year Quarter Results Results 2014 2015 Press conference Christian Investor Press Conference Clausen,
More informationSecond Quarter Results 2014 Investor presentation
Second Quarter Results 2014 Investor presentation Second Fourth Quarter and Results 2015 Full Third Year Quarter Results Results 2014 2015 Press conference Christian Investor Press Conference Clausen,
More informationFourth Quarter and Full Year Results Press Conference Casper von Koskull, president, Group CEO
Fourth Quarter and Full Year Results 2015 Press Conference Casper von Koskull, president, Group CEO Disclaimer This presentation contains forward-looking statements that reflect management s current views
More informationBuilding for the future
Building for the future Sanford C. Bernstein Pan-European Strategic Decisions Conference 18 September 2014 Christian Clausen, President and Group CEO Disclaimer This presentation contains forward-looking
More informationChristian Clausen, President and Group CEO
First Quarter Results 2014 Press conference Christian Clausen, President and Group CEO Christian Clausen, President and Group CEO Highlights Nordea delivers stable income and improving cost efficiency
More informationShaping the future relationship bank
Shaping the future relationship bank CEO Long term commitment, have a plan, future oriented continue on the road we have set out on, Stable, trustworthy Christian Clausen President and Group CEO 1 Nordea
More informationSecond quarter 2013 results Strengthened customer relations, flat costs and higher capital
Second quarter 2013 results Strengthened customer relations, flat costs and higher capital International telephone conference 17 July 2013 Christian Clausen, Group CEO Disclaimer This presentation contains
More informationThird quarter results 2017
Third quarter results 2017 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance.
More informationHighlights Q3/16 vs. Q3/15*
1 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance. Although Nordea believes
More informationFourth quarter and full year results 2018
Fourth quarter and full year results 2018 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial
More informationFourth quarter and full year results 2017
Fourth quarter and full year results 2017 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial
More informationFirst Quarter Results Casper von Koskull, President and Group CEO
First Quarter Results 2017 Casper von Koskull, President and Group CEO Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future
More informationFirst Quarter Report 2011
Copenhagen, Helsinki, Oslo, Stockholm, 28 April 2011 First Quarter Report 2011 Solid quarter CEO Christian Clausen s comment to the report: I am proud to present another strong quarter. Our relationship
More informationAll pictures Q1. images Q2. Images Q Debt Investor Presentation Q3 2015
Images Q3 2015 Debt Investor Presentation All pictures Q1 All Q3 2015 images Q2 2015 2015 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect
More informationSecond Quarter Results Casper von Koskull, President and Group CEO
Second Quarter Results 2017 Casper von Koskull, President and Group CEO Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain
More informationKeefe, Bruyette & Woods 2012 European Financials Conference 19 September Niklas Ekvall Head of Group Treasury
Keefe, Bruyette & Woods 2012 European Financials Conference 19 September 2012 Niklas Ekvall Head of Group Treasury Disclaimer This presentation contains forward-looking statements that reflect management
More informationFirst quarter results 2018
First quarter results 2018 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance.
More informationSEB Enskilda Nordic Banks Seminar. Stockholm, 26 May Carl-Johan Granvik Group CRO
SEB Enskilda Nordic Banks Seminar Stockholm, 26 May 2010 Carl-Johan Granvik Group CRO Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect
More informationUBS 2018 Annual Nordic Financial Services Conference. Torsten Hagen Jørgensen, Group COO and Deputy CEO
UBS 2018 Annual Nordic Financial Services Conference Torsten Hagen Jørgensen, Group COO and Deputy CEO Disclaimer This presentation contains forward-looking statements that reflect management s current
More informationGoldman Sachs Roadshow 6-7 December Gunn Wærsted Executive Vice President, Head of Wealth Management
Goldman Sachs Roadshow 6-7 December 2012 Gunn Wærsted Executive Vice President, Head of Wealth Management Disclaimer This presentation contains forward-looking statements that reflect management s current
More informationGoldman Sachs Financials Conference. Sustaining profitability despite challenging funding conditions. Frans Lindelöw
Goldman Sachs Financials Conference Sustaining profitability despite challenging funding conditions Frans Lindelöw Group Executive Management Berlin, 13 June 2008 Disclaimer This presentation contains
More informationNomura Annual Financials Conference 31 August Fredrik Rystedt. Group CFO / EVP
Nomura Annual Financials Conference 31 August 2011 Fredrik Rystedt Group CFO / EVP Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect
More informationSecond Quarter Results 2016
Copenhagen, Helsinki, Oslo, Stockholm, 20 July 2016 Second Quarter Results 2016 CEO Casper von Koskull s comments on the results Despite low growth and turbulent financial markets, revenues are holding
More informationSecond Quarter Results 2014 Investor presentation
Second Quarter Results 2014 Investor presentation Fourth Quarter and Full Investor Year presentation Results 2014 Casper von Koskull, Head of Wholesale Banking Investor presentation Christian Clausen,
More informationSecond quarter results 2018
Second quarter results 2018 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance.
More informationSecond Quarter Report 2010
Copenhagen, Helsinki, Oslo, Stockholm, 21 July 2010 Second Quarter Report 2010 CEO Christian Clausen s comment to the report: We have seen a positive development in our customer business with a record
More informationContents Nordea overview Group Corporate Centre Group Functions Key financial figures Risk, liquidity and capital management Business areas
Contents Nordea overview Group Corporate Centre - Nordea in brief 3 - Group Corporate Centre Financial highlights 34 - Board of Directors & GEM 4 - Rating 6 Group Functions - Nordea s largest shareholders
More informationNomura Financial Services Conference London, 29 August Jan Erik Back, CFO
Nomura Financial Services Conference London, 29 August 2012 Jan Erik Back, CFO SEB s strategy remains firm Universal bank in Sweden and the Baltics Corporate bank in the Nordics, Germany and internationally
More informationContents Nordea overview Group Corporate Centre Group Functions Key financial figures Risk, liquidity and capital management Business areas
Contents Nordea overview Group Corporate Centre - Nordea in brief 3 - Group Corporate Centre Financial highlights 34 - Board of Directors & GEM 4 - Rating 6 Group Functions - Nordea s largest shareholders
More informationThird quarter results 2018
Third quarter results 2018 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance.
More informationNordea Retail Banking. Sampo Analyst Day 29 August 2013 Topi Manner, Head of Banking Finland
Nordea Retail Banking Sampo Analyst Day 29 August 2013 Topi Manner, Head of Banking Finland Disclaimer This presentation contains forward-looking statements that reflect management s current views with
More informationFirst Quarter Results 2013
Copenhagen, Helsinki, Oslo, Stockholm, 24 April 2013 First Quarter Results 2013 Nordea delivers on its plan CEO Christian Clausen s comments on the results: Nordea has delivered in line with the financial
More informationContents Nordea overview Group Corporate Centre Group Functions Key financial figures Risk, liquidity and capital management Business areas
Contents Nordea overview Group Corporate Centre - Nordea in brief 3 - Group Corporate Centre Financial highlights 34 - Board of Directors & GEM 4 - Rating 6 Group Functions - Nordea s largest shareholders
More information21 st Annual Financials CEO conference
21 st Annual Financials CEO conference Bank of America Merrill Lynch Jacob Aarup-Andersen Chief Financial Officer September 2016 Five drivers of change will affect the financial sector Macroeconomics Customer
More informationEquity story. December 2017
Equity story December 2017 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017E 2018E 2019E 2020E Operating in a robust Norwegian economy Positive GDP growth and low unemployment rates Norwegian GDP
More informationSecond Quarter Report 2012
Copenhagen, Helsinki, Oslo, Stockholm, 18 July 2012 Second Quarter Report 2012 Strong income and solid cost control CEO Christian Clausen s comment to the report: We maintained good business momentum and
More informationEquity story. February 2018
Equity story February 2018 1 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017e 2018e 2019e 2020e 2007 2008 2010 2011 2012 2013 2014 2015 2016 2017e 2018e 2019e 2020e 2008 2009 2010 2011 2012 2013
More informationFinancial results 2017
Thomas F. Borgen Chief Executive Officer Jacob Aarup-Andersen Chief Financial Officer 2 February 2018 Agenda Executive summary Business unit update Selected topics Outlook for full-year 2018 Q&A Appendix
More informationCMD Agenda, 30 May 2013
CMD Agenda, 30 May 2013 12.30-12.45 Welcome - Kari Stadigh, Group CEO and President, Sampo Group 12.45-13.15 Torbjörn Magnusson, Head of P&C Insurance, Sampo Group 13.15-13.45 Christian Sagild, CEO of
More informationFirst Quarter Report 2010
Copenhagen, Helsinki, Oslo, Stockholm, 28 April 2010 First Quarter Report 2010 Strong result - higher income and lower loan losses CEO Christian Clausen s comment to the report: Nordea s first quarter
More informationAnnual Accounts Annika Falkengren President & CEO
Annual Accounts 2014 Annika Falkengren President & CEO Unique economic environment Key Interest rates % 2.00 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 Jan-14 Sweden Norway Eurozone Feb-14 Mar-14
More informationTelephone Conference Q2-18 Johan Torgeby President & CEO 17 July, 2018
Telephone Conference Q2-18 Johan Torgeby President & CEO 17 July, 2018 Highlights Jan-Jun 2018 Pick-up in customer activity following a muted start of the year Broad based demand for SEB s services Strong
More informationBank of America Merrill Lynch 28 September, Jan Erik Back CFO
Bank of America Merrill Lynch 28 September, 2016 Jan Erik Back CFO 1 Well diversified business in a strong economic environment Operates principally in economically robust AAA rated European countries
More informationNordea s strategic direction Morgan Stanley European Financials Conference 28 March, Christian Clausen, President and Group CEO
Nordea s strategic direction Morgan Stanley European Financials Conference 28 March, 2012 Christian Clausen, President and Group CEO Disclaimer This presentation contains forward-looking statements that
More informationBoA Merrill Lynch Banking & Insurance CEO Conference London, 25 September 2012
BoA Merrill Lynch Banking & Insurance CEO Conference London, 25 September 2012 Annika Falkengren President & CEO The message from last year s conference Stability Sustainable growth Continuous improvement
More informationNew Standards update on initiatives
New Standards update on initiatives Elisabeth Toftmann Klintholm Chief IR Officer Nordea Large Cap Seminar Stockholm, 28 May 2013 Vision Recognised as the most trusted financial partner Customer satisfaction
More informationSwedbank year-end results 2018
Swedbank year-end results 218 Birgitte Bonnesen (CEO), Anders Karlsson (CFO), Helo Meigas (CRO) Strong financial result in 218 delivered on strategic priorities SELECTED 218 DELIVERIES Continued digitisation
More informationSwedbank Year-end report 2014
Swedbank Year-end report 214 Michael Wolf, CEO Göran Bronner, CFO Anders Karlsson, CRO Swedbank Swedish Banking Strong customer activity SEKm Q4 14 Q3 14 QoQ YoY Net interest income 3 31 3 372-71 -271
More informationFinancial Results 2018 Johan Torgeby, President & CEO. Telephone conference 30 January 2019
Financial Results 2018 Johan Torgeby, President & CEO Telephone conference 30 January 2019 jan-17 apr-17 jul-17 okt-17 jan-18 apr-18 jul-18 okt-18 jan-17 apr-17 jul-17 okt-17 jan-18 apr-18 jul-18 okt-18
More information19.5 CET 1 capital ratio (%)
Fourth Quarter and Full Year Results 207 Fourth Quarter and Full Year Results 207 CEO Casper von Koskull s comments on the results: In 207, volumes and margins were relatively stable, and business momentum
More informationDebt investor update. First half 2016
First half 2016 Agenda Summary of first half of 2016 and financial results Business unit update Selected topics Outlook for full-year 2016 Capital and Funding Appendix 2 4 6 8 9 16 1 Executive summary:
More informationContents Nordea overview Group Corporate Centre Group Functions Key financial figures Customer segments Risk, liquidity and capital management
Contents Nordea overview Group Corporate Centre - Nordea in brief 3 - Group Corporate Centre Financial highlights 36 - Board of Directors & GEM 4 - Rating 6 Group Functions - Nordea s largest shareholders
More information0.69 Dividend per share that the Nordea Bank Board is going to propose
Fourth Quarter 208 Fourth Quarter and Full Year Results 208 CEO Casper von Koskull s comments on the results: 208 has been characterised by key deliveries in our transformation journey: Nordea is now a
More informationCarnegie Nordic Large Cap Seminar Stockholm 4 March 2008 Mikael Inglander, CFO
Carnegie Nordic Large Cap Seminar Stockholm 4 March 28 Mikael Inglander, CFO The leading bank in four small countries Sweden Total population: 9.2m Employees: 8,75 Private customers: 4.1m Corp. customers:
More informationDebt Investor Presentation Q2 2017
Debt Investor Presentation Q2 2017 Table of contents 1. Nordea in Brief 2. Financial Results Highlights 3. Transformational Change Agenda 4. Capital 5. Macro 6. Funding 7. Appendix: Business 4 16 26 29
More informationCompeting in the Age of Austerity
BoAML BANKING & INSURANCE CEO CONFERENCE Competing in the Age of Austerity Peter Straarup CEO & Chairman of the Executive Board 28 September 2010 The future for Danske Bank A period of low growth is our
More informationFinancial results first nine months 2017
Financial results first nine months 2017 Thomas F. Borgen Chief Executive Officer Jacob Aarup-Andersen Chief Financial Officer 2 November 2017 Financial results first nine months 2017 Agenda Executive
More informationSwedbank s second quarter 2015 results Michael Wolf (CEO), Göran Bronner (CFO), Anders Karlsson (CRO) Swedbank
Swedbank s second quarter 215 results Michael Wolf (CEO), Göran Bronner (CFO), Anders Karlsson (CRO) Swedbank Swedish Banking Strong result in low interest rate environment SEKm Q2 15 Q1 15 QoQ Net interest
More informationAnnika Falkengren. President and CEO. Result presentation
Annika Falkengren President and CEO Result presentation 2010 Highlights Income Solid results given present macroeconomic climate Lower provisioning for credit losses and no new NPL formation Provisions
More informationHandelsbanken. January June July 2017
Handelsbanken January June 18 July Average annual growth in equity Including dividends* kr / aktie SEK/share 150 Adjusted equity per share Accumulated dividends since 2008 125 100 75 50 25 0 Q307 Q407
More informationRESULTS DNB GROUP FOURTH QUARTER
RESULTS DNB GROUP FOURTH QUARTER 03.02.2017 Major achievements in 2016 CET1 ratio requirement reached one year ahead of plan. CET1 ratio 16.0 per cent. Leverage ratio 7.3 per cent, well above the upcoming
More informationHandelsbanken. January March April 2018
Handelsbanken January March 2018 25 April 2018 1 Q307 Q407 08 Q208 Q308 Q408 09 Q209 Q309 Q409 10 Q210 Q310 Q410 11 Q211 Q311 Q411 12 Q212 Q312 Q412 13 Q213 Q313 Q413 14 Q214 Q314 Q414 15 Q215 Q315 Q415
More informationFinancial results first half 2018
Thomas F. Borgen Chief Executive Officer Morten Mosegaard Interim Chief Financial Officer 18 July 2018 Agenda Executive summary Group and business unit update Selected topics Outlook for full-year 2018
More informationHandelsbanken January June July 2013
Handelsbanken January June 2013 17 July 2013 Q307 Q407 Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 Handelsbanken Group Average annual growth
More informationSwedbank s year-end 2013 results
Swedbank s year-end 2013 results Michael Wolf, CEO Göran Bronner, CFO Anders Karlsson, CRO Swedbank Swedish Banking Stable results SEKm Q4 13 Q3 13 Q/Q Net interest income 3 448 3 473-25 Net commissions
More informationFinancial results for H1 2012
CONFERENCE CALL Eivind Kolding CEO & Chairman of the Executive Board Henrik Ramlau-Hansen CFO & Member of the Executive Board 7 August 2012 Agenda Key points Financial results Capital, funding and liquidity
More informationFinancial results first quarter 2018
Thomas F. Borgen Chief Executive Officer Jacob Aarup-Andersen Chief Financial Officer 26 April 2018 Agenda Executive summary New strategy Group and business unit update Selected topics Outlook for full-year
More informationAnnika Falkengren. The relationship bank of the Nordics. CEO & President. Copenhagen January 11, 2011
Annika Falkengren CEO & President The relationship bank of the Nordics Copenhagen January 11, 2011 SEB s anatomy 2010 in summary Outlook Conclusions 2 SEB a unique Nordic Bank Relationships Corporates
More informationSwedbank s third quarter 2013 results
Swedbank s third quarter 213 results Michael Wolf, CEO Göran Bronner, CFO Anders Karlsson, CRO Swedbank Retail Stable results SEKm Q3 12 Q2 13 Q3 13 Q/Q Y/Y Net interest income 3 45 3 367 3 473 16 68 Net
More informationFrom the DNB NXT Conference in October 2016
DNB Group Results Rune Bjerke (CEO) Kjerstin Braathen (CFO) 28.04.2017 From the DNB NXT Conference in October Profits on track sound trend in net interest income Net interest income increased by NOK 149
More informationInvestor presentation. Result presentation
Investor presentation Result presentation 21 Highlights Income Solid results given present macroeconomic climate Lower provisioning for credit losses and no new NPL formation Provisions for credit losses
More informationAnnika Falkengren. Merrill Lynch Banking & Insurance CEO Conference. London. 30 September President and CEO
Annika Falkengren President and CEO Merrill Lynch Banking & Insurance CEO Conference London 3 September 29 1 The starting point: SEB has a strong competitive position A long-term relationship bank Strong
More informationFinancial results 2018
Jesper Nielsen Interim Chief Executive Officer Christian Baltzer Chief Financial Officer 1 February 2019 Agenda Executive summary and AML update Group and business unit update Selected topics Financial
More informationContents Nordea overview Group Functions Risk, liquidity and capital management Key financial figures General information & Macro
Contents Nordea overview Group Functions - Nordea in brief 3 - Group Functions, Other Eliminations 36 - Board of Directors & GEM 4 - Rating 6 Risk, liquidity and capital management - Nordea s largest shareholders
More informationSampo Capital Markets Day London, 07 September Heikki Ilkka Nordea Group CFO
Sampo Capital Markets Day London, 07 September 2017 Heikki Ilkka Nordea Group CFO Nordea in brief The largest financial services group in the Nordics Household market position #1 Corporate & Institutional
More informationBy sector 22 Credit risk exposure 23 By country, end of period 24 o Savings and deposits. Own funds and capital requirement 27
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS - Earnings Per Share 4 o Key figures 5 o Consolidated statement of comprehensive
More informationFact Book. Annual Accounts 2017 STOCKHOLM 31 JANUARY 2018
Fact Book Annual Accounts STOCKHOLM 31 JANUARY 218 SEB Fact Book Annual Accounts Table of contents Table of contents... 2 About SEB... 4 SEB history... 4 Financial targets... 4 Rating... 4 Organisation...
More informationBANK OF AMERICA MERRILL LYNCH FINANCIALS CONFERENCE. George Culmer 25 September 2018
BANK OF AMERICA MERRILL LYNCH FINANCIALS CONFERENCE George Culmer 25 September 2018 Unique business model generating strong and sustainable returns Distinctive competitive strengths Differentiated multi-brand,
More informationDanske Nordic Bank Seminar
Jan Erik Back CFO Danske Nordic Bank Seminar Copenhagen 2 September 2009 1 SEB s competitive position A long-term relationship bank Strong income and balance sheet Q2-recap, liquidity and capital Asset
More information19.2 CET 1 capital ratio (%)
Third Quarter 2017 Interim Management Statement Third Quarter Results 2017 CEO Casper von Koskull s comments on the results: Despite increasing geopolitical risks and imbalances in the economy, we continue
More informationHandelsbanken January - September October 2013
Handelsbanken January - September 23 October Q307 Q407 Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 Q313 Average annual growth in equity
More informationAnnual Report 2007: Resilient results in turbulent times. 31 January 2008
Annual Report 2007: Resilient results in turbulent times 31 January 2008 AGENDA Agenda Slide Key messages 3 Highlights 4 Business area highlights 18 Business trends 20 Outlook 27 Q&A session 28 Appendix
More informationFact Book. January September 2018 STOCKHOLM 25 OCTOBER 2018
Fact Book January September STOCKHOLM 25 OCTOBER SEB Fact Book January September Table of contents Table of contents... 2 About SEB... 4 SEB history... 4 Organisation... 5 Share of operating profit...
More informationInterim Report Third Quarter 2004
Copenhagen, Helsinki, Oslo, Stockholm, 27 October 2004 Interim Report Third Quarter 2004 Improved performance in the first nine months of 2004 Operating profit up 15% to EUR 1,648m (EUR 1,429m in the first
More informationSwedbank s third quarter 2017 results
Swedbank s third quarter 217 results Birgitte Bonnesen (CEO), Anders Karlsson (CFO), Helo Meigas (CRO) Swedish Banking Good loan volume growth SEKm Q3 17 Q2 17 QoQ Net interest income 3 811 3 792 19 Net
More informationBy sector 22 Credit risk exposure 23 By country, end of period 24 o Savings and deposits. Capital base and capital requirement 27
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS - Earnings Per Share 4 o Key figures 5 o Consolidated statement of comprehensive
More informationRisk management. Ari Kaperi Group CRO
Risk management Ari Kaperi Group CRO 1 The least volatile Nordic bank Factors driving risk down Nordea vs. peers 26-Q1 215, % Large and diversified client base Quarterly net profit volatility 15 Geographical
More informationDNB on track. Rune Bjerke CEO
DNB on track Rune Bjerke CEO Financial ambitions - 2016 and 2017 Return on equity > 12 per cent Min. 14% CET1-ratio* as capital plateau > 50% dividend when capital plateau is reached 1 * Based on transitional
More informationBy sector 22 Credit risk exposure 23 By country, end of period 24 o Savings and deposits. Capital base and capital requirement 27
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS - Earnings Per Share 4 o Key figures 5 o Consolidated statement of comprehensive
More informationSwedbank year-end report 2017
Swedbank year-end report 217 Birgitte Bonnesen (CEO), Anders Karlsson (CFO), Helo Meigas (CRO) Swedish Banking Solid mortgage volume growth SEKm Q4 17 Q3 17 QoQ Net interest income 3 861 3 812 49 Net commission
More informationAnnika Falkengren. President and CEO. Result presentation. January September 2010
Annika Falkengren President and CEO Result presentation January September 2010 Highlights Income Seasonally slow quarter supported by diversified earnings Further improved asset quality Baltics back in
More informationJyske Bank. Navigating the Nordics Seminar 31 May 2017
Jyske Bank Navigating the Nordics Seminar 31 May 217 Our targets Q1 217 Delivering an attractive long-term return on equity of 8-12% 12.3% Volume growth DKK 1bn in housing-related loans DKK 84.3bn DKK
More informationInvestor Presentation. Result presentation. January September 2010
Investor Presentation Result presentation January September 2010 Highlights Income Seasonally slow quarter supported by diversified earnings Further improved asset quality Baltics back in black Profit
More informationHandelsbanken January December February 2014
Handelsbanken January December 5 February 2014 Q307 Q407 Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 Q313 Q413 Average annual growth in
More informationNordax A Leading Niche Bank in Northern Europe Q1 REPORT 2017 APRIL 26
Nordax A Leading Niche Bank in Northern Europe REPORT APRIL 26 88 MSEK NET PROFIT (93 MSEK) 0.80 SEK EARNINGS PER SHARE (0.84 SEK) 14% 14.3% LOAN PORTFOLIO GROWTH CET 1 RATIO (14.0% ) 2 131 MSEK ADJUSTED
More informationSix good reasons for choosing DNB in the new banking environment
Six good reasons for choosing DNB in the new banking environment Bank of America Merrill Lynch, 18th Annual Banking & Insurance CEO Conference 2013 24 September, London Rune Bjerke, CEO of DNB 1 Reason
More informationTITLE SLIDE IS IN SENTENCE CASE.
TITLE SLIDE IS IN SENTENCE CASE. GREEN George Culmer, Chief BACKGROUND. Financial Officer GOLDMAN SACHS FINANCIALS CONFERENCE Andrew Bester, Chief Executive Officer, Commercial Banking 17 00 June Month
More informationFinancial results for the first half of 2015
Financial results for the first half of 2015 Thomas F. Borgen Chief Executive Officer Henrik Ramlau-Hansen Chief Financial Officer 22 July 2015 Agenda Executive summary and financial results 3 Business
More informationHandelsbanken January September October 2015
Handelsbanken January September 21 October Summary January September Operating profit increased to SEK 14,942m (14,901) EPS unchanged at SEK 6.21 (6.21) ROE was 13.1% (14.1) 12.7% during Income increased
More informationContents Nordea overview Group Functions Risk, liquidity and capital management Key financial figures General information & Macro
Contents Nordea overview Group Functions - Nordea in brief 3 - Group Functions, Other Eliminations 36 - Board of Directors & GEM 4 - Rating 6 Risk, liquidity and capital management - Nordea s largest shareholders
More information