Nordea remains strong in an uncertain world
Today Nordea presented strong results for the second quarter 2012 despite global macroeconomic concerns. Based on its stable position, Nordea was able to increase its household lending by EUR 2.3bn. Corporate lending was up even more.
- Europe still faces economic challenges such as low interest rates, sluggish growth and an uncertain future. Against this background, I am very proud of our strong customer relationships. In the first six months of the year, we held over one million advisory meetings, the number of gold customers increased by 40.000, we increased our business with corporate customers and income grew by 6 per cent compared with the same period last year, says Christian Clausen, CEO of Nordea.
Nordea is now the number one bank for large corporate customers according to a leading customer survey, and is increasing its business with large companies.
Like all other banks, Nordea is affected by the turbulent financial markets and new regulations which make it more expensive for banks to run their business. In order to mitigate the effects of the new regulations on customers, Nordea has taken action to improve efficiency. This, combined with good business momentum, is Nordea’s strategy for building the bank of the future.
- To further strengthen our customer relationships and market position we are freeing up resources for advisory services in the branches, and improving our internet and mobile banking solutions for everyday transactions. We are developing capital-efficient products and cutting down the number of investment funds in our portfolio in order to enhance returns and customer services, says Christian Clausen.