This is our strategy and financial targets for the period 2026–30. Nordea’s strategy is aimed at delivering superior earnings per share growth, driven by profitable, faster-than-market income growth and significant improvements in cost efficiency.
throughout the period and significantly above in 2030.
A cost-to-income ratio of
40–42%
in 2030, excluding regulatory fees.
These targets will be supported by
annual loan losses of around 10bp
a 60–70% annual dividend payout ratio
semi-annual dividend distributions, with the interim distribution based on 50% of the first-half profits for the financial year and paid after the half-year results, in late July or early August, and the remainder paid following the Annual General Meeting
more than EUR 20bn in total shareholder distributions during 2026-30
a 150bp management buffer above the regulatory Common Equity Tier 1 (CET1) capital requirement, with an expected CET1 ratio of approximately 15.5% throughout the period.
Based on these targets,
Nordea’s ambition is to deliver earnings per share of around EUR 2 in 2030.
Our strategic priorities
GROWTH
Grow faster than the market while sustaining high profitability.
OFFERING
Lead with a compelling customer offering and the best digital experience
SCALE
Deliver Nordic scale benefits for superior competitiveness and efficiency.
Accelerated by technology, data and AI
Supported by: high-performance culture, capital excellence, sustainability at the core
Three ways we use AI to accelerate efficiency and growth
Digital banking
Artificial intelligence is an important tool for driving efficiency and growth at Nordea. Lately, we have sped up several exciting AI-initiatives to help the bank create innovations for the future.
Sustainability at the core: At the global level, the United Nations Sustainable Development Goals (SDGs) and the Paris Agreement set the general sustainability agenda as well as the more specific climate agenda. We have a key role to play in reaching society’s goals through redirecting investments and financing towards more sustainable technologies and businesses, and contributing to the creation of a low-carbon, climate-resilient and circular economy.
We all have personal values. They define our beliefs and guide our choices, and when our actions align with our values, they lead to a fulfilling life. But what about the values of the organisations we work for?