Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Investor Day (October 2019)
14 slides from Nordea Bank Abp's investor day presentation, Oct 25, 2019
Slide 1: Nordea – A Strong and Personal Financial Partner
Nordea – A Strong and Personal Financial Partner Capital Markets Day Frank Vang-Jensen, President & Group CEO 25 October 2019
Slide 2: Disclaimer
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 assuran
Slide 3: Nordea enters a New Phase
Nordea enters a New Phase Optimise Drive Create Great Operational Income Growth Customer Efficiency Initiatives Experiences Execution & Accountability A Strong and Personal Financial Partner 3
Slide 4: Nordic-focused bank – a strong foundation to build on
Nordic-focused bank – a strong foundation to build on 4 Group financial performance must improve
Slide 5: Nordea in the New Phase
Nordea inthe New Phase
Slide 6: Three key priorities to succeed and meet the financial targets
Three key priorities to succeed and meet the financial targets Optimise Drive Create Great Operational Income Growth Customer Efficiency Initiatives Experiences 6
Slide 7: All levers to be used to optimise operational efficiency
All levers to be used to optimise operational efficiency Strong cost culture Leadership and accountability Costs rather than cost programmes C/I ratio Simplified processes 50% Fewer people and organisation 7
Slide 8: Drive income growth initiatives – time to take back lost ground
Drive income growth initiatives – time to take back lost ground Leverage on business and Increase cross-selling by being sales momentum proactive with customers Income C/I ratio Readiness for tactical Investing in our core segments 50% M&A bolt-ons 8
Slide 9: Long-term success by creating great customer experiences
Long-term success by creating Nordea is personal great customer experiences and local with a Nordic mindset A bank A Safe for every need and Trusted – Financial Anywhere & Partner Anytime Strong advisory The leading capabilities Nordic bank with for corporates a sustainable and private offering cust
Slide 10: The New Phase is about execution
The New Phase is about execution Full Clear Simplified accountability targets and governance to the business priorities areas structure 10
Slide 11: Financial targets
Financial targets Cost/income ratio in FY22 Return on equity in FY22 50% >10% Capital policy from 2020 Dividend policy from 2020 60-70% pay-out of distributable 150-200 bps profits to shareholders.¹ management buffer Excess capital intended to be distributed above the regulatory CET1 requirement to
Slide 12: A new business plan for improved performance
A new business plan for improved performance Wholesale Banking New strategic direction with considerable capital and cost reductions ROCAR¹ Commercial & Business Improve customer experience, cost and capital efficiency in focus C/I Banking Personal Banking Improve customer experience and firm cost m
Slide 13: Optimising capital allocation and investments to drive higher Group return by 2022
Optimising capital allocation and investments to drive higher Group return by 2022 Other Asset & Wealth Management 4% Capital allocation governed by ROCAR 8% Personal outlook and growth prospects Banking 33% Commercial & Business 25% Share of Banking Group capital Business development and investment
Slide 14: Nordea in the New Phase
Nordea in the New Phase Optimise Drive Create Great Operational Income Growth Customer Efficiency Initiatives Experiences Execution & Accountability A Strong and Personal Financial Partner 14