Friday, 13 March 2009
At yesterday’s Extraordinary General Meeting (EGM) of Nordea Bank AB (publ), CEO Christian Clausen commented on the financial performance during the first two months of 2009. During the first two months of 2009, Nordea has recorded strong growth in total operating income compared to the same period in 2008. The positive trend has been driven by an increase in net gains and losses reported in Capital Markets and Treasury and a continued positive development in net interest income, notwithstanding pressure on deposit margins.
The developments in both costs and loan losses during the first two months are in line with the expectations reflected in the Outlook statement in the Year-end Report that was published on 10 February. In addition, risk-adjusted profit was, during the first two months in 2009, higher than in the same period in the previous year.Nordea’s EGM approves rights issue Yesterday’s Extraordinary General Meeting (EGM) of Nordea Bank AB (publ) approved the Board of Directors’ resolution announced on 10 February 2009. Terms and conditions were announced 11 March 2009 by a press release.
The resolution means that Nordea’s capital base will be strengthened by up to approximately EUR 2.5bn by issuance of new ordinary shares with pre-emptive rights for existing shareholders. Furthermore the EGM meeting decided to amend the articles of association so that the allowed range for the share capital shall be at minimum 2,700,000,000 euro and at maximum 10,800,000,000 euro. The range for the allowed number of shares was changed correspondingly to be a minimum 2,700,000,000 shares and a maximum 10,800,000,000 shares.
Source: Nordea
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