Priorities & financial target

Our financial targets 2030

A return on equity of above

15%

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

 
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