Nordea Bank Abp (OTCQX:NRDBY) Q2 2025 Earnings Conference Call July 17, 2025 4:00 AM ET
Company Participants
Frank Vang-Jensen – President & Group CEO
Ian Stuart Smith – Group CFO & Head of Group Finance
Ilkka Ottoila – Head of Investor Relations
Conference Call Participants
Andreas Hakansson – SEB, Research Division
Gulnara Saitkulova – Morgan Stanley, Research Division
Magnus Andersson – ABG Sundal Collier Holding ASA, Research Division
Martin Ekstedt – Handelsbanken Capital Markets AB, Research Division
Namita Samtani – Barclays Bank PLC, Research Division
Nicolas McBeath – DNB Carnegie, Research Division
Shrey Srivastava – Citigroup Inc., Research Division
Tarik El Mejjad – BofA Securities, Research Division
Ilkka Ottoila
Good morning, and welcome to Nordea’s Second Quarter 2025 Results Presentation. I’m Ilkka Ottoila, Head of Investor Relations. Here in Helsinki, I’m joined by our President and CEO, Frank Vang-Jensen; and our Group CFO, Ian Smith. As usual, we’ll start with the presentation by Frank, followed by a Q&A session.
[Operator Instructions] With that, let’s get going. Over to you, Frank.
Frank Vang-Jensen
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 U.S. 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
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