Nordea reported results for the third quarter of 2010. Net interest income was up 5% from the previous quarter due to strong customer activity and lending volumes. Fee and commission income remained high due to asset management performance. Expenses were down 2% excluding currency and initiative effects. Net loan losses continued to decrease and credit quality improved. Nordea expects macroeconomic recovery to continue through 2010.
Net sales decreased by 3 percent to SEK 54,374m. Profit before tax rose 12% to SEK 3,944m. Restructuring costs amounted to SEK 451m. Profit for the period rose 10% to 2,860m. Earnings per share were SEK 3.57. Cash flow from current operations was SEK 2,816m.
http://www.sca.com
The global outsourcing industry is constantly evolving through new contracting award characteristics and an expanding universe of successful service providers. ISG's TPI Index helps industry participants, enterprises and organizations keep pace and capitalize from the latest data on outsourcing trends. It is the authoritative source for marketplace intelligence related to outsourcing: transaction structures and terms, industry adoption, geographic prevalence and service provider metrics.
Net sales decreased by 3 percent to SEK 54,374m. Profit before tax rose 12% to SEK 3,944m. Restructuring costs amounted to SEK 451m. Profit for the period rose 10% to 2,860m. Earnings per share were SEK 3.57. Cash flow from current operations was SEK 2,816m.
http://www.sca.com
The global outsourcing industry is constantly evolving through new contracting award characteristics and an expanding universe of successful service providers. ISG's TPI Index helps industry participants, enterprises and organizations keep pace and capitalize from the latest data on outsourcing trends. It is the authoritative source for marketplace intelligence related to outsourcing: transaction structures and terms, industry adoption, geographic prevalence and service provider metrics.
عند تحميلك للعرض ستظهر لك الخطوط والصور بشكل مرتب .. وأفضل بكثير من تصفح العرض في الموقع
مع صادق أمنياتي ودعواتي بالاستفادة من هذا العلم وان يتقبله المولى في صالح الاعمال
أختكم : نورة الخراشي
Présentation des résultats financiers Ericsson (Q4 2009)Ericsson France
Ericsson a publié ce matin les résultats de l’entreprise pour l’année 2009. Hans Vestberg, nouvellement président-directeur général du groupe depuis le 1er janvier 2010, a commenté les faits saillants au cours d’une conférence de presse en Suède. L’intégralité de ses commentaires est disponible ci-dessous.
Plus d'informations : http://www.blog-ericssonfrance.com/2010/01/le-pdg-du-groupe-ericsson-commente-les-resultats-2009/
Highlights of the fourth quarter of 2010. Net sales amounted to SEK 27,556m (28,215) and income for the period was SEK 677m (664), or SEK 2.38 (2.34) per share. Net sales increased by 1.6% in comparable currencies.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
2. Disclaimer
This presentation contains forward-looking statements that reflect management’s current
views with respect to certain future events and potential financial performance. Although
Nordea believes that the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will prove to have been
correct. Accordingly, results could differ materially from those set out in the forward-
looking statements as a result of various factors.
Important factors that may cause such a difference for Nordea include, but are not limited
to: (i) the macroeconomic development, (ii) change in the competitive climate, (iii) change
in the regulatory environment and other government actions and (iv) change in interest
rate and foreign exchange rate levels.
This presentation does not imply that Nordea has undertaken to revise these forward-
looking statements, beyond what is required by applicable law or applicable stock
exchange regulations if and when circumstances arise that will lead to changes compared
to the date when these statements were provided.
2 27 October 2010 Telephone conference
3. Key messages
Strong quarter
High customer activity
Strong customer inflow
Successful execution of Group initiatives
3 27 October 2010 Telephone conference
4. Solid trends in customer business
Net interest income Total income Operating profit
Q3 2009 Q2 2010 Q3 2010 Q3 2009 Q2 2010 Q3 2010 Q3 2009 Q2 2010 Q3 2010
Number of Gold Lending volumes Net loan losses
customers
Q3 2009 Q2 2010 Q3 2010 Q3 2009 Q2 2010 Q3 2010 Q3 2009 Q2 2010 Q3 2010
4 27 October 2010 Telephone conference
5. Outlook 2010
Nordea expects macroeconomic recovery to continue in 2010
Global development is still fragile and hence uncertainty remains;
the outlook for the Nordic markets has improved during the year
Excluding currency effects in 2010, Nordea expects cost growth to
be broadly in line with 2009, including the effects from growth and
efficiency initiatives
Net loan losses in 2010 are expected to be lower than in 2009.
Credit quality continues to stabilise, in line with the
macroeconomic recovery
Nordea expects risk-adjusted profit to be lower in 2010 compared
to 2009, due to lower income in Treasury and Markets
5 27 October 2010 Telephone conference
7. Result highlights
EURm Q3/10 Q2/10 Chg % Q3/09 Chg %
Net interest income 1,310 1,249 5 1,321 -1
Net fee and commission income 525 538 -2 437 20
Net result from items at fair value 446 339 32 486 -8
Other income 82 35 33
Total income New record level 2,363 2,161 9 2,277 4
Staff costs -721 -701 3 -670 8
Total expenses -1,196 -1,186 1 -1,087 10
Profit before loan losses 1,167 975 20 1,190 -2
Net loan losses -207 -245 -16 -358 -42
Operating profit 960 730 32 832 15
Net profit 711 539 32 626 14
Risk-adjusted profit 707 516 37 729 -3
7 27 October 2010 Telephone conference
8. Underlying business trends
Q3 2010 with Q3 2010 with
unchanged unchanged
translation translation Reported
EURm Q3 2010 Q2 2010 Chg % Chg % Chg %
currencies currencies change%
(compared with (compared
Q2 2010) with Q3 2009)
Total operating income 2,363 2,161 9 2,344 8 2,285 0 4
Total operating -1,196 -1,186 1 -1,181 0 -1,144 5 10
expenses
Profit before loan
1,167 975 20 1,163 19 1,141 -4 -2
losses
Operating profit 960 730 32 956 31 934 12 15
8 27 October 2010 Telephone conference
9. Net interest income up 5%
Net interest income, EURm Strong trend in customer operations
continues
1,321 1,299 1,310
1,235 1,249 Lending and deposit volumes up
Increased deposit margins
Negative effect from higher average
funding cost
Q3/09 Q4/09 Q1/10 Q2/10 Q3/10
9 27 October 2010 Telephone conference
11. Change in net interest income Q3oQ2 YoY
Volume-driven Nordic markets local currencies 9 56
Corporate lending volumes 1 -40
Household lending volumes 8 86
Corporate deposit volumes 0 3
Household deposit volumes 0 6
Margin-driven Nordic markets local currencies 19 -112
Corporate lending margins 3 141
Household lending margins -3 -40
Corporate deposit margins 8 -69
Household deposit margins 11 -145
Lower return on allocated capital, FX effects and other 17 -39
Nordic Banking 45 -95
New European Markets 7 58
FID 0 -5
Shipping 4 33
Other, incl. Group Treasury 5 -179
Total 61 -188
11 27 October 2010 Telephone conference
12. Interest rate sensitivity
- 3 components
Structural interest income risk (SIIR) Increased market rates, 100bps Q3/10
Reflecting the effect on NII from re- EURm
pricing gaps¹
Net Interest Income, rolling 12
450
Dynamic effects on net interest months annualised approx
income
Changes in deposit margins – mainly
transaction accounts
Market risk in the interest bearing
investment portfolios
Market risk has an immediate effect
on the line net result from items at fair
value
¹ Accumulated mismatch between assets and liabilities with an interest rate duration of less than 12
months, with the assumptions that non-maturity accounts are re-priced immediately following a
12 27 October 2010 Telephone conference interest rate change, without effecting margins
13. Net fee and commission remains at a high level
Net fee and commission income, EURm Continued strong performance
within asset management
538 525
High activity within corporate advice
463 475
437
Seasonal effects
Q3/09 Q4/09 Q1/10 Q2/10 Q3/10
13 27 October 2010 Telephone conference
14. Asset under Management at all-time high
Assets under Management (AuM), EURbn
180 Up 6% or EUR 10.4bn in Q3
157 158
126 Continued net inflows in most areas -
EUR 3.3bn or 8% annualised
2007 2008 2009 End Q3 2010 Positive trend in the institutional
Net flows AuM, EURbn asset management business
3.3
2.9 accelerated in Q3
1.9
Q3 2009 Q2 2010 Q3 2010
Nordic Retail funds European Fund Distribution
Nordic Private Banking International Private Banking
Institutional customers Life & Pensions
14 27 October 2010 Telephone conference
15. Fair value result up 32%
Net result from items at fair value, Capital markets business in customer
EURm
areas¹ continues to perform well
Continued strong Life & Pensions
results
334 326 Higher contribution from Group
292 295
283 Treasury and Capital Markets
unallocated
Q3/09 Q4/09 Q1/10 Q2/10 Q3/10
Customer areas ¹ Other ²
¹ Nordic Banking, SOSI, NEM, FID, Life
15 27 October 2010 Telephone conference ² Group Treasury and Capital Markets unallocated
16. Firm cost management
Total expenses, EURm Underlying¹ expenses down 2%
1 219 1 196
1 186
1 087
1 164 Cost/income ratio improved to 51%
(55%)
471 445 436
438
382
702 701 721
670 687
Q3/09 Q4/09 Q1/10 Q2/10 Q3/10
Staff costs Other expenses
16 27 October 2010 Telephone conference ¹Adjusted for Group initiatives and currency effects
17. Strong capital position maintained
Risk-Weighted Assets (RWA), EURbn RWA up 8% YoY
206 207 Increase due to corporate and retail
192
185 182
volume growth (11%)
169
Core tier 1 ratio 10.4%
Largely unchanged YoY
Q3 2009 Q2 2010 Q3 2010
Solid profit generation enables high
Transition rules Fully implemented Basel II
dividend ratio and high customer
Core Tier 1 capital ratio (excl. Hybrids) activity
10.7 10.4
9.4 9.0
10.0
9.1 Nordea fully compliant with Basel III
RWA effect approx. 10%
Q3 2009 Q2 2010 Q3 2010
Transition rules Fully implemented Basel II
17 27 October 2010 Telephone conference
18. Prudent liquidity management
EURbn
AA rating maintained
+33
+4 56 High long-term funding issuance
42
38 Increased liquidity buffer
23
Increased average maturity
Short term funding Liquidity buffer
End 2007 Q3/10
Average bond maturities
3.7 years
2.3 years
End 2007 Q3 2010
18 27 October 2010 Telephone conference
19. Strong funding position
Total long-term funding issued, EURbn Very good reception of the Nordea
name in all funding markets
31 30.2 Record EUR 30bn long-term funding
issued with an average maturity of
22 23
5.6 years
Norwegian and Finnish covered bond
platforms launched
2007 2008 2009 Jan - Sep
2010
19 27 October 2010 Telephone conference
21. Macroeconomic recovery in the Nordic countries
GDP growth, %, y/y
7.5 7.5
% y/y GDP % y/y Solid growth rates
5.0 5.0
2.5 2.5
Modest inflation
0.0 0.0
-2.5 -2.5 Relatively strong public finances
-5.0 Sweden -5.0
-7.5
Denmark
Norway -7.5 Improvements in labour markets
Finland
-10.0 -10.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
09 10
Public finances, % of GDP
5.0 % of GDP 5.0
% of GDP
Norway +12-18%
2.5 2.5
Sweden
0.0 0.0
Finland
-2.5 -2.5
Denmark
-5.0 Euro area -5.0
-7.5 -7.5
USA
-10.0 -10.0
08 09 10 11 12
21 27 October 2010 Telephone conference Source: Nordea Markets
22. Stable and well diversified lending portfolio
Total lending to public, EURbn Total lending up 4% in Q3 and
283
303 314 11% YoY
29
28
27
57% corporate lending – no sector
107
94
104 accounting for more than 13%
Limited changes between sectors
– no new areas of concern
163 171 178
Q3 2009 Q2 2010 Q3 2010
Corporate* Mortgage Consumer
22 27 October 2010 Telephone conference * Including lending to public sector
24. Credit quality improving
Net loan losses, EURm Net loan losses down to 29bps
(35bps)
54bps
50bps
Excluding guarantee scheme
331
provisions¹ net loan loss ratio
35bps
29bps down to 22bps (26bps)
26bps
187 Two-year Danish guarantee
157 22bps
scheme expired in September
Q3 2009 Q2 2010 Q3 2010
Danish guarantee scheme provisions ¹
24 27 October 2010 Telephone conference ¹ Q3 2010 EUR 50m, Q2 2010 EUR 58m, Q3 2009 EUR 27m
25. Decreased net loan losses in most areas
Loan losses, EURm
27
58 50
Loan losses remain close to zero
413
in Norway and Sweden
358 316 321
245 207
-82 -128 -164
Q3/09 Q2/10 Q3/10
Gross loan losses Danish guarantee scheme
Reversals Net loan losses
Net loan losses per area¹, EURm
SOSI: 31bps
NEM: 36bps
Finland: 42bps
Denmark: 44bps
Q3 2009 Q2 2010 Q3 2010
DK FI NO SE NEM SOSI Other
25 27 October 2010 Telephone conference ¹Excluding Danish Guarantee scheme
26. Impaired loans continue to stabilise
Impaired loans, EURm
Impaired loans gross up 6% - mainly
2 094
2 081 performing loans in FI and DK
1 639
EUR 4,651m or 139bps (135bps)
2 212 2 313 2 570 55% of impaired loans performing
Q3 2009 Q2 2010 Q3 2010
Performing Non-performing
Net decrease in collective allowances
Total allowances, EURm due to positive rating migration
923 887 -1.0% (+0.3% in Q2)
742
Provisioning ratio down to 54% (56%)
1 546 1 637
1 228
Q3 2009 Q2 2010 Q3 2010
Individual allowances Collective allowances
Performing: Allowance established, payments made
26 27 October 2010 Telephone conference Non-performing: Allowance established, full payments not made on due date
28. Diversified and fast-growing customer business…
Income split per customer segment, Q310
Income well diversified between
Corporate Nordic Household
customer segments
CMB PB
segment segment
60% 40% Solid growth trends in relationship
Gold
Large segments¹
Fin inst Other
NEM
Shipping
NEM Other Int'l PB
Income growth YoY Q310/Q309, %
32
28
23
15
Shipping
NEM
14 1
10 11 12
CMB
Nordic PB
5
Fin inst
Other
Int'l PB
Total
Large
Gold
-4 -7
NEM
Other
28 27 October 2010 Telephone conference ¹ Corporate Merchant Banking, Corporate Large, Nordic Private Banking and Gold customers
29. …with a strict focus on relationship banking
The 360-degree meeting
Pro-active 360-degree meetings to
The 3600 meeting
Savings and
meet customers’ needs
investments
Strong value proposition attracts
Daily
Insurance
banking
customers to premium segments
Lending
Steady growth of 6% per year or 12,000 new
Ensure all services
provided by Nordea
customers a month
Number of Gold customers, 000
Solid trend has accelerated in 2010
2,854 150,000 new Gold and Private Banking
CAGR customers of whom 100,000 come from
2,700
6% outside the bank YTD
2,549
2,444 Customer satisfaction improving
compared to competitors
2007 2008 2009 Q3 2010
29 27 October 2010 Telephone conference
30. Clear growth strategy
Household Corporate New European Markets
Migrate existing customers to Increase market share with Continue successful organic
relationship segments largest customers growth path in Poland
Attract new customers to Proactive advice on
relationship segments ancillary products to
Medium customers
Increase advisory capacity
Reduce cost by multichannel
Efficiency initiatives
Efficient value chain delivery to customer segments
Upgrade IT infrastructure and processes and back office operations
Replacing multiple old stand-alone platforms (cards and payments) with one uniform platform per product area
30 27 October 2010 Telephone conference
31. Household relationship strategy
Growth strategy Rationale Group initiative
Higher income and
Household growth potential
Migrate existing Future distribution
customers to
relationship segments More loyal
Attract new customers New customer
to relationship segments acquisition
Increase advisory Efficient to serve
capacity
Growth plan Finland
Reduce cost by
multichannel Low risk
Customer benefits: Relationship-based and prioritised access to named adviser, long-term
view on relationships, attractive prices
31 27 October 2010 Telephone conference
32. Deliveries on household strategy
HH volumes increase YoY, EURbn Continued strong customer demand in
139.4 household segment
Lending up 14% Improved market position
122.3
75.9 39 Nordic branches operating in new
Deposits up 9%
format
69.9
34.4 Improved Private Netbank
28.2
Nordic Retail
Funds up 22%
100 new advisers and specialists
recruited in Finland
Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010
32 27 October 2010 Telephone conference
33. Corporate relationship strategy
Growth strategy Rationale Group initiative
Higher income and
Corporate potential
Increase market
share with largest
customers All products Growth plan CMB
Proactive advise on
ancillary products to
Medium customers Close, partnership- Customer-driven
based relationship Markets business
Prudent risk-taking
Customer benefits: Relationship-based advice, access to Nordea’s products and balance
sheet capacity, competitive prices, and a partner for a rainy day
33 27 October 2010 Telephone conference
34. Corporate strategy delivery
Total income CMB, EURm Strong income growth within CMB
372 378 2% Q/Q and 23% YoY
308
Growth plan CMB Sweden proceeds
as planned
Strong business momentum with several
Q3 2009 Q2 2010 Q3 2010 new mandates won
Income growth 2007-YTD, CAGR % Strategy to build house-bank relations
38 proven successful
Solid income growth – especially in the
20 23
higher segments
NEM
15
SOSI
Strengthened market position – increased
CMB
8
Large
Other
FID
share of wallet
-5
34 27 October 2010 Telephone conference
35. New European Markets strategy
Growth strategy Rationale Group initiative
High potential
New European Markets
Continue successful
organic growth path in
Poland
Proven track record
Growth plan Poland
Nordic model
Low risk
Customer benefits: Nordic business model and concepts. Relationships and advice
in focus. Prudent banking
35 27 October 2010 Telephone conference
36. New European Markets – a growth area
Total income NEM, EURm Solid income development remains
38% CAGR since 2007
176
163
Firm cost management – C/I down to 39%
141
Focus on low risk segments
Growth plan Poland on track – 4 branches
opened in Q3
Q3 2009 Q2 2010 Q3 2010
36 27 October 2010 Telephone conference
37. Strong foundation for reaching long-term target
Future distribution Risk-adjusted profit, EURm
New customer acquisition
10% CAGR
Growth plan Finland required
CMB Sweden
Customer-driven Markets
business
Growth plan Poland
Top league IT performance
Product platforms
Infrastructure upgrade
2006 2007 2008 2009 2010 2011 2012 2013
37 27 October 2010 Telephone conference
38. Financial impact from Group initiatives
Income benefits and efficiency gains well in line with full-year
expectations
Income generation Jan-Sep, approx. EUR 200m
Efficiency gains Jan-Sep, approx. EUR 50m
Investment costs lower than planned for 2010 – expected to be higher
2011
Prolonged execution period for some of the initiatives – unchanged long-term plans
Total investment cost in Q3 approx. EUR 66m of which EUR 26m accounted for as
expenses in income statement
38 27 October 2010 Telephone conference
39. Key messages
Strong quarter
Record income and one of the highest ever operating profits reported
High customer activity
Customer business continues to grow
Increased income within all corporate segments
Strong trend in AuM remains – net inflow 8% annualised
Strong customer inflow
More than 150,000 new Gold and Private Banking customers in 2010
Successful execution of our growth initiatives
39 27 October 2010 Telephone conference