Third Quarter Results 2014
CEO Christian Clausen’s comments on the results:“In the third quarter we continued to welcome more new customers and were trusted with more savings, thereby passing the milestone of EUR 250bn in assets under management. Despite continued macro headwind, income is holding up well and we are clearly on track to deliver on our cost targets. Credit quality continues to improve and the loan loss level is below the 10-year average. Nordea once again was confirmed as one of the safest banks globally, when issuing two Additional Tier 1 instruments, of USD 1.5bn with the lowest coupons among