Nordea as an investment

We are the largest bank in the Nordics with a 200-year history of supporting and growing the Nordic economies.

Nordea is listed at the stock exchanges in Helsinki, Stockholm and Copenhagen and we have around 500,000 private shareholders.

Below you can find some of the key reasons why you should consider being one of them.

  • Nordea and its businesses are exposed to various risks and uncertainties.
  • This information contain certain statements which are not historical facts, including, without limitation, statements communicating expectations regarding, among other things, the results of operations, the bank’s financial condition, liquidity, prospects, growth and strategies; and statements preceded by “believes”, “expects”, “anticipates”, “foresees” or similar expressions.
  • Such statements are forward-looking statements that reflect management’s current views and best assumptions with respect to certain future events and potential financial performance. Although Nordea believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of various factors.
  • Important factors that may cause such a difference for Nordea include but are not limited to: (i) the macroeconomic development, (ii) change in the competitive environment, (iii) change in the regulatory environment and other government actions and (iv) change in interest rate and foreign exchange rate levels.
  • This presentation does not imply that Nordea and its directors have undertaken to publicly update or revise these forward-looking statements, beyond what is required by applicable law or applicable stock exchange regulations if and when circumstances arise that lead to changes compared with the date when these statements were provided.

1. We generate market-leading shareholder returns


We have paid out 6 billion euros in dividends over the past three years – and were one of the first banks in Europe to start implementing share buy-backs in 2021.


average dividend payout ratio since 2010 – now complemented with share buy-backs.


2. We operate in a structurally attractive Nordic banking environment


Our operating environment:

  • Nordic GDP growth is steady and above euro area average

  • Nordic unemployment rates are lower than euro area average, with significant social safety nets

  • Nordic countries are highly digitalised in global context​

  • Nordic banking market is stable, safe and profitable with high returns, driven by cost efficiency and low loan losses

GDP growth rate

Unemployment rate

Source: WEF Global Competitiveness Report special edition 2020
Source: IMD digital competitiveness ranking 2021, based on adaptive attitudes, business agility and IT integration

3. We are the largest financial services group in Nordics with low earnings volatility and unique growth opportunities within our four business areas


"Our quarterly operating profit volatility has decreased significantly – after already being historically low compared with the European banking sector average."


Frank Vang-Jensen, Nordea's Group President & CEO

Our position in the Nordics:

#1 Personal Banking

#1 Business Banking

#1-2 Large Corporates & Institutions

#1 Asset & Wealth Management

Primary levers to drive profitability improvements

  • Accelerate savings growth

  • Allocate more capital to profitable lending growth

  • Increase operational efficiency

  • Reduce low-yielding economic capital


Our growth in recent years:

Mortgage lending


2019 vs 2021

SME lending


2019 vs 2021

Assets under management


2019 vs 2021


4. We are a globally leading digital bank supporting great customer experiences


Best performer

D-rating - 2021 Digital Proposition among following Nordic banks: Danske Bank, Handelsbanken, SEB, Swedbank.

#1 mobile bank in the Nordics

According to AppStore ratings.

Growth in digital engagement

Logins to digital channels (millions/month)

Our 2025 digital targets:

~1 million more

digitally active customers (+25% vs 2021e)

Full self-service

for daily banking (vs ~50% of features available in 2021)

All relevant products

available in “one shop” (vs ~50% of retail and SME products available in 2021)

5. Sustainability is at the core of our strategy


Our climate action objectives:


emissions by 2050 at latest


reduction in emissions across investment and lending portfolios by 2030.


reduction in emissions from internal operations by 2030.