Nordea Bank Abp (OTCQX:NRDBY) Q3 2025 Earnings Call October 16, 2025 4:00 AM EDT
Company Participants
Ilkka Ottoila – Head of Investor Relations
Frank Vang-Jensen – President & Group CEO
Ian Smith – Group Chief Financial Officer
Conference Call Participants
Andreas Hakansson – SEB, Research Division
Markus Sandgren – Kepler Cheuvreux, Research Division
Martin Ekstedt – Handelsbanken Capital Markets AB, Research Division
Shrey Srivastava – Citigroup Inc., Research Division
Sofie Caroline Peterzens – Goldman Sachs Group, Inc., Research Division
Namita Samtani – Barclays Bank PLC, Research Division
Gulnara Saitkulova – Morgan Stanley, Research Division
Bettina Thurner – BNP Paribas Exane, Research Division
Nicolas McBeath – DNB Carnegie, Research Division
Magnus Andersson – ABG Sundal Collier Holding ASA, Research Division
Presentation
Ilkka Ottoila
Head of Investor Relations
Good morning, and welcome to Nordea’s Third Quarter 2025 Results. I’m Ilkka Ottoila, Head of Investor Relations. As usual, we’ll start with a presentation by Group CEO, Frank Vang-Jensen, followed by a Q&A session with Frank; and Group CFO, Ian Smith. Please remember to dial into the teleconference to ask questions.
With that, Frank, please go ahead.
Frank Vang-Jensen
President & Group CEO
Good morning. Today, we have published our results for the third quarter of 2025. Again, it was a very solid quarter for Nordea. The past few months have reminded us that the world economy is delicately balanced. Political shifts and rising global tensions mean the operating environment can change quickly. Still, after the turbulent first few months of the year, the third quarter felt more calm and settled. Some of the earlier uncertainty around tariffs receded when the new EU-U.S. trade agreement was struck. The Nordic economies also continued to benefit from low inflation and interest rates, conditions that helped lift confidence.
During the quarter, Nordic corporates signaled a renewed appetite to invest. That translated into increased demand for lending. Household activity also showed
