Access to information contained on this website is exclusively reserved for professional investors in Luxembourg. Please read the important information below. This contains legal and regulatory information which applies to our company status, use of this website and information about any investment in our products referred to in this website. Note that you will have to accept these terms and conditions before you can proceed. Copyright 2022 by Nordea Investment Funds S.A. – all rights reserved.
Access to information contained on this website is exclusively reserved for investors in Luxembourg. Please read the important information below. This contains legal and regulatory information which applies to our company status, use of this website and information about any investment in our products referred to in this website. Note that you will have to accept these terms and conditions before you can proceed. Copyright 2022 by Nordea Investment Funds S.A. – all rights reserved.
Press release | July 2016
“Despite low growth and turbulent financial markets, revenues are holding up well. Ancillary income is unchanged compared to a year ago. Margin pressure in Net Interest Income is levelling off and we now believe in an inflection point with an improving trend from the second half of 2016. Costs are in line with the plans and credit quality remains solid.
An important milestone was reached in the beginning of June when the first product on our core banking platform successfully went live, less than six months after installing the model bank. Although there are many challenges remaining we can start to report progress in our simplification program and compliance procedures and we continue to deliver on our AML remediation efforts. The transformation of the bank is all about becoming the bank our customers want us to be.”
Second quarter 2016 vs. First quarter 2016 (Second quarter 2016 vs. Second quarter 2015):
Exchange rates used for Q2 2016 for income statement items are for DKK 7.4500, NOK 9.4241 and SEK 9.3019.
 Excl. non-recurring items (Q2 2016: The gain related to VISA Inc.’s acquisition of VISA Europe amounted to EUR 151m, net of tax).
About Nordea Asset Management
Nordea Asset Management (AuM 202 bn EUR*), is part of the Nordea Group, the largest financial services group in Northern Europe (AuM 300 bn EUR*). NAM offers European and global investors exposure to a broad set of investment funds. We serve a wide range of clients and distributors which include banks, asset managers, independent financial advisors and insurance companies.
Nordea Asset Management has a presence in Cologne, Copenhagen, Frankfurt, Helsinki, London, Luxembourg, Madrid, Milan, New York, Oslo, Paris, Sao Paulo, Singapore, Stockholm, Vienna and Zurich. Nordea’s local presence goes hand in hand with the objective of being accessible and offering the best service to clients.
Nordea’s success is based on a sustainable and unique multi-boutique approach that combines the expertise of specialised internal boutiques with exclusive external competences allowing us to deliver alpha in a stable way for the benefit of our clients. NAM solutions cover all asset classes from fixed income and equity to multi asset solutions, and manage local and European as well as US, global and emerging market products.
*Source: Nordea, 30.06.2016
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