Nordea Buybacks to Be a Continuous Tool, Says CEO

The video discusses Nordea's financial targets and business plan updates, highlighting a strong quarter and progress towards 2022 goals. It covers the announcement of a €2 billion share buyback program and the bank's strong capital position. The macroeconomic environment, including inflation and interest rates, is examined, with a focus on Nordea's market share growth in the Nordics. The potential for acquisitions in Finland and Denmark is also mentioned.

What is the main reason for updating the business plan and financial targets?

• Because of a merger with another company

• To address a decline in market share

• Due to a strong quarter and progress towards 2022 targets

• To comply with new regulatory requirements

What is the purpose of the share buyback program announced?

• To reduce the company's market share

• To fund new acquisitions

• To distribute excess capital to shareholders

• To increase the company's debt

How does the company view the share buyback program in terms of capital distribution?

• As a response to regulatory pressure

• As a replacement for dividends

• As an integrated part of their capital distribution tool

• As a temporary measure

What is the expected trend for inflation and interest rates in the Nordics?

• Increasing due to strong recovery and price pressures

• Fluctuating with no clear trend

• Decreasing due to economic slowdown

• Stable with no significant changes

What has been the trend in mortgage lending volumes in the Nordics?

• Fluctuating with no clear trend

• Stable with no change

• Decreasing by 6% year on year

• Increasing by 6% year on year

What is the company's position in Denmark and Finland regarding market expansion?

• They are not interested in these markets

• They are already leading banks in these countries

• They are looking to enter these markets for the first time

• They are planning to exit these markets

What is the company's approach to potential acquisitions in Finland and Denmark?

• Avoiding any acquisitions

• Actively seeking acquisitions

• Focusing solely on organic growth

• Monitoring developments but not prioritizing acquisitions