Nordea Bank Abp (OTCPK:NRDBY) Q1 2022 Earnings Conference Call April 28, 2022 4:00 AM ET Company Participants Matti Ahokas – Head-Investor Relations Frank Vang-Jensen – Chief Executive.
Nordea Bank Abp / Key word(s): Quarter Results 12.04.2022 / 10:10 Nordea's first-quarter results 2022 will be presented on 28 April The report will be published at approximately 07.30
Q1 2021: Continued growth in business volumes and customer satisfaction across Nordics
Mortgage volumes grew by 6% in local currencies and lending to small and medium-sized enterprises increased by 7%
Strong result driven by high income growth. Operating profit increased by 75% driven by 21% higher income growth. NII increased by 9%, net fee and commission income increased by 8% and net fair value was exceptionally high due to strong financial market activity.
Cost development in line with plan. The full-year 2021 cost outlook is below EUR 4.6bn.
Strong credit quality with low realised net loan losses. Net loan losses and similar net result amounted to EUR 52m or 6bp. Management judgement buffer was maintained at EUR 650m.