Fourth quarter and full year results 2019
Nordea Bank Abp – financial statement release CEO Frank Vang-Jensen’s comments on the results: “We have started to execute on our new business plan. The focus is to deliver on the financial targets presented at our Capital Markets Day in October – and we are proceeding as planned. Our customer focus and income initiatives delivered better business momentum in the latter part of 2019, which is also evident in the top line. Compared to the fourth quarter of 2018, revenues increased by 6%. We have also delivered on our cost plans, with costs declining 5%, leading to an improvement in