A management buffer of 150-200 bps above the regulatory CET1 requirement, from 1 January 2021.
New: Total costs for 2021 are expected to be below EUR 4.6bn.
Previous: In 2020 Nordea expects to reach a cost base of below EUR 4.7bn, with planned continued net cost reductions beyond 2020.
(Last updated 4 February 2021)
Cost / income ratio in FY22
Return on equity in FY22
Nordea’s dividend policy stipulates a dividend payout ratio of 60-70%, applicable to profit generated from 1 January 2021. Nordea will continuously assess the opportunity to use share buy-backs as a tool to distribute excess capital.