Nordea Bank Abp Q1 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Sofie Caroline Elisabet Peterzens - JP Morgan Chase & Co, Research Division - Analyst : Sofie from JP Morgan. I was wondering if you could just make a comment on what level of payment holidays you have seen in your portfolio based on mortgages in different countries, also on consumer lending. And sorry to go back to the question on provisions, but the management overlay provisions of EUR 124 million, how are those distributed across the different countries? I know you gave out distribution across the divisions, but how should we think about that distribution across the different countries? And what is your outlook on Swedish and Danish mortgages, the growth? Based on newspaper articles, it seems like demand has come down quite significantly. And lastly, could you just make a comment on what you expect the capital benefit from the software deductions are to be on Nordea?

Question: Sofie Caroline Elisabet Peterzens - JP Morgan Chase & Co, Research Division - Analyst : Okay. Sorry. It's the software, so the capital benefit from the software intangible deductions on capital?

Question: Sofie Caroline Elisabet Peterzens - JP Morgan Chase & Co, Research Division - Analyst : And could you also make a comment on the outlook for Swedish and Danish mortgages that you're seeing at the moment in terms of the production? There was -- for example, there was another European bank saying that new production in some of the European countries is down 80%. Are you seeing anything similar in terms of new production on mortgages?