First Quarter Results 2018
CEO Casper von Koskull’s comments on the results: “2016 and 2017 were characterised by significant investments to improve our compliance and risk operations as well as a de-risking of the bank. These activities have had a meaningful impact on both revenues and costs. Furthermore, this has led to a situation where we have been more internally focused and we now need to get back to focusing more on our customer business. I am satisfied to say that we are now through the most important parts of the de-risking, the risk reduction in Russia, Shipping, Oil and Offshore progressing well, and