Nordea Bank Abp (NDA_SE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Nordea's second quarter 2025 results presentation. I'm Ilkka Auttala, head of investor relations. Here in Helsinki, I'm joined by our president and CEO, Frank Van Jensen, and our group CFO, Ian Smith. As usual, we'll start with a presentation by Frank, followed by a Q&A session. Please remember to dial into teleconference in order to ask your questions. With that, let's get going. Over to you, Frank. Good morning. Today we have published our results for the second quarter of 2025. It was a quarter marked by high uncertainty and the most volatile market conditions for some time. Concerns over higher US trade tariffs and increase in geopolitical tensions resulted in significant financial market turmoil. Despite the external pressures, overall sentiment among Nordic households and businesses remained calm, with customer activity increasing in most areas as the quarter progressed. Global trade volatility clearly presents risks. However, we believe the Nordic economies are better positioned than many to manage through periods of turmoil. That advantage is rooted in our region's strong economies and fiscal positions and our globally innovative and competitive businesses. Looking ahead, we expect that lower inflation and interest rates will further support increasing activity levels as confidence returns. In this extraordinary environment, Nordea delivered another strong performance. We grew lending and deposit volumes and increased assets under management. We delivered strong profitability with a return on equity of 16.2%. The result underlines our structural improved profitability and our position as a strong, resilient, market-leading financial services group. It also keeps us firmly on track to meet our full-year guidance. Looking at some of ...