Nordea’s second quarter and half-year results 2025
Nordea remains highly profitable, with a return on equity of 16.2% reflecting strong performance and resilience despite continued uncertainty.
Read moreLatest interim results
Latest reports (Q2/2025)
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Interim report second quarter 2025 PDF, 2MB
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Presentation second quarter 2025 PDF, 1MB
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Factbook second quarter 2025 PDF, 5MB
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Factbook second quarter 2025 XLSX, 591KB
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Income statement second quarter 2025 XLSX, 218KB
Watch the investor webcast held on 17 July
Frank Vang-Jensen, President and Group CEO, presented 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.
Watch the webcastNordea’s Group CEO Frank Vang-Jensen on Nordea’s half-year results 2025
Second-quarter highlights:
Strong performance and high profitability in volatile markets
- Return on equity* 16.2% and earnings per share EUR 0.35
Return to growth in corporate lending; continued growth in mortgage and deposit volumes and assets under management
- Mortgage lending up 6% y/y, corporate lending up 5%. Retail deposits up 8% y/y, corporate deposits up 5%. AuM up 9% y/y
Income resilient
- Total income 4% lower y/y. Net interest income down 6% as expected, net commission income stable and net fair value result up 3%
Cost-to-income ratio with amortised resolution fees 46.1%
Exceptionally strong credit quality – net loan losses again well below long-term expectation
- Net loan losses and similar net result reversal of EUR 21m or 2bp (EUR 39m or 4bp excluding management buffer release)
Capital generation robust; new share buy-back programme launched
- CET1 ratio 15.6% – 1.9pp above current regulatory requirement
- Additional EUR 250m share buy-back programme launched in June