Nordea Bank Abp (NDA_SE) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.039 Good morning and welcome to Nordea's first quarter 2025 results presentation. 00:00:05.039 -- 00:00:07.844 I'm Ilkka Ottola, head of investor relations. 00:00:07.844 -- 00:00:12.913 As usual, we'll start with the presentation by CEO Frank Vangjensen, followed by a 00:00:12.913 -- 00:00:18.101 Q&A session with Frank and CFO Ian Smith. Please remember to dial in 00:00:18.101 -- 00:00:24.549 to the teleconference to ask questions. With that, Frank, the stage is yours. 00:00:33.106 -- 00:00:37.632 Good morning. Today we have published our results for the first quarter of 2025. 00:00:37.632 -- 00:00:39.632 Despite 00:00:40.016 -- 00:00:45.103 the significant uncertainty that impacted the first quarter and has further 00:00:45.103 -- 00:00:50.270 escalated in the recent weeks, Nordea performed well, delivering growth in 00:00:50.270 -- 00:00:54.276 business volumes and continued high profitability. 00:00:54.276 -- 00:00:58.001 Return on equity was 15.7%, consistent 00:00:58.001 -- 00:01:02.131 with our financial target set three years ago. 00:01:02.131 -- 00:01:07.499 Our results for the quarter reinforce the fact that Nordea is strong, resilient 00:01:07.499 -- 00:01:09.639 and predictable. 00:01:09.702 -- 00:01:15.247 And that feels all the more important in the present environment. 00:01:15.871 -- 00:01:20.978 The uncertainty and volatility are affecting all parts of the world, including the 00:01:20.978 -- 00:01:26.026 Nordic countries. However, I wanted to remind you that there are few countries 00:01:26.026 -- 00:01:31.814 better equipped than our home markets to navigate the shifts we are seeing today. 00:01:31.814 -- 00:01:37.000 Our region has long stood out for its fiscal strength, highly competitive 00:01:37.000 -- 00:01:42.00...