Latest interim results

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Frank Vang-Jensen, President and Group CEO, will present the results followed by a Q&A audio session for investors and analysts with Frank Vang-Jensen, Ian Smith, Group CFO, and Ilkka Ottoila, Head of Investor Relations. To join the live webcast, please use the link below.

In the Q&A session, questions to management can be presented by phone. To ask questions, join the teleconference by registering using this link. After registering you will be provided with phone numbers, a user ID and a conference ID to access the conference. To ask a question, press #5 on your telephone keypad to enter the queue.

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Nordea's Group CEO Frank Vang-Jensen on Nordea's third-quarter results 2025

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Nordea's Group CEO Frank Vang-Jensen on Nordea's third-quarter results 2025
 

Third-quarter highlights

Strong performance and resilience although markets remain somewhat muted

  • Return on equity* 15.8% and earnings per share EUR 0.36 

Lending growth picking up; continued growth in deposit volumes and assets under management

  • Mortgage lending up 6% y/y, corporate lending up 6%. Retail deposits up 8% y/y, corporate deposits up 1%. AuM up 11% y/y

Income resilient

  • Total income 3% lower y/y. Net interest income down 6%, as expected, and net fee and commission income up 5%

Cost-to-income ratio with amortised resolution fees 46.1%

  • Costs flat y/y as expected, with stable levels of strategic investment

Exceptionally strong credit quality – net loan losses again well below long-term expectation 

  • Net loan losses and similar net result reversal of EUR 19m or 2bp (EUR 31m or 3bp excluding management buffer release)

Continued strong capital generation; new share buy-back programme

  • CET1 ratio 15.9% – 2.3pp above current regulatory requirement
  • New EUR 250m share buy-back programme to be launched on or around 20 October

2025 outlook unchanged: well on track to deliver return on equity of above 15%

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