Forventninger og finansielle mål

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Outlook

Capital policy

A management buffer of 150-200 bps above the regulatory CET1 requirement, from 1 January 2020. 

Credit quality 

New: For the full year 2020, our projections point to total net loan losses below EUR 1bn corresponding to a loan loss level of less than 41 bps. 

Previous: For the full year 2020, our projections point to total net loan losses below EUR 1bn corresponding to a loan loss level of less than 41 bps. In the first half of 2020, Nordea has reported total net loan losses of EUR 852m.   

Costs

In 2020, Nordea expects to reach a cost base of below EUR 4.7bn with planned continued net cost reductions beyond 2020.



(Last updated October 23 2020)

Financial targets 2022

50%

Cost / income ratio in FY22

>10%

Return on equity in FY22

Dividend policy  

Our dividend policy stipulates a dividend payout ratio of 60-70%, applicable to profit generated from 1 January 2020. Nordea will continuously assess the opportunity to use share buy-backs as a tool to distribute excess capital.