Nordea had another strong quarter. Return on equity reached 17.9%, led by growth in both net interest and net fee and commission income. Despite the slow economy, we continue to make good progress on our strategic priorities and deliver industry-leading financial performance.
Frank Vang-Jensen: “Nordea had a strong start to the year. Despite the subdued economic environment, we maintained solid business momentum. Our competitive range of services and proactive approach continue to be valued by our customers.”
Frank Vang-Jensen: “Every day, we work to earn the trust and loyalty of our customers and shareholders. I would like to thank them for their feedback and cooperation, and also all our employees for their great efforts and relentless drive forward during 2023.”
Frank Vang-Jensen: “Nordea performed strongly in the third quarter. Our franchise continued to deliver good results, despite the challenging environment.”
Nordea’s unique Nordic position delivers strong results
Frank Vang-Jensen: “We aim for nothing less than to serve our customers to the best of our ability and be the preferred partner for them – now and in the future.”
Nordea is one of the most stable and profitable banks in Europe. In the second quarter we continued to drive high levels of customer activity and strong profitability, leading to a return on equity of 18.4%.
Frank Vang-Jensen: “A strong and profitable bank like Nordea promotes stability and can deliver attractive services to support customers and society. In both good and challenging times.”
We report yet another strong set of results in the first quarter despite the weaker economic environment. A strong and profitable bank like Nordea promotes stability and can deliver attractive services to serve and support customers and society.
Frank Vang-Jensen: “We stood by our customers and the Nordic societies and delivered yet another strong set of results. Without the trust and loyalty of our customers, we would not be where we are today. Our way forward is to be the preferred partner for our customers.”
We have continued growth in business volumes, driven by strong corporate lending despite higher economic uncertainty. For 2023 we expect a RoE above 13%.
Frank Vang-Jensen: “The visibility in the current environment is low and we expect this to continue. However, we are well positioned to weather more difficult economic conditions, and we are here to support our customers and the Nordic societies.”
In the second quarter we faced a changed economic environment. Nordea is well placed to weather more difficult economic conditions. We are ready to support our customers and will continue to make a positive contribution to the Nordic societies.