Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Nordea — Shareholder Meeting (April 2006)
10 slides from Nordea Bank Abp's shareholder meeting presentation, Apr 5, 2006
Slide 1: Lars G Nordström, President and Group CEO – Annual General Meeting
Lars G Nordström, President and Group CEO Annual General Meeting 5 April 2006
Slide 2: Nordea's ambition level and financial targets
Nordea’s ambition level and financial targets Ambition level Financial targets l Leading positions in all Nordic l Total shareholder return in the top markets quartile of European peer group l European platform in selected l Return on equity > 15% in 2005 markets and segments and > 17% or in line wi
Slide 3: Gap between income and cost development
Gap between income and cost development Percentage points l Cost reductions were the main 10 driver for bottom-line growth 2003- 9 2004 8 l Top-line increasingly contributing 7 2004-2005 6 l Maintaining a gap secures delivery 5 on cost income ratio 4 l Maintaining a gap with a higher 3 top-line grow
Slide 4: Nordea's ambition level and financial targets
Nordea’s ambition level and financial targets Ambition level Financial targets l Leading positions in all Nordic l Total shareholder return in the top markets quartile of European peer group l European platform in selected l Return on equity > 15% in 2005 markets and segments and > 17% or in line wi
Slide 5: Nordea's employees
Nordea’s employees l Increased motivation and satisfaction among Nordea employees l Increased focus on leadership development – Manager seminars on increased ambitions in Nordea early 2005 – Three-days seminars with Group Executive Management and some 350 top managers late 2005 and early 2006 l 32%
Slide 6: Record result in 2005
Record result in 2005 l Operating profit increased by 25% on a comparable basis to EUR 3,048m* l Record result in all business areas l Total income increased by 7% to EUR 6,573m l Total expenses unchanged at EUR 3,668m l Cost/income ratio continued down to 56% (60%) l Positive loan losses as recover
Slide 7: Dividend 2005
Dividend 2005 l Proposed dividend EUR 0.35 per share l Change compared to 2004 25% per share l Payout ratio 40% l Direct yield 4.0%* l Tier one capital ratio 6.8% * Yield calculated at starting price at 30 December 2005
Slide 8: Flexible capital structure
Flexible capital structure l Unnecessary capital will be returned to shareholders l Keyword is flexibility – Profitable organic growth and attractive bolt-on acquisitions – Dividend payments and share buybacks
Slide 9: Slide 9
Slide 10: Lars G Nordström, President and Group CEO – Annual General Meeting
Lars G Nordström, President and Group CEO Annual General Meeting 5 April 2006