Despite the uncertainty, Nordea performed well in the first quarter, delivering growth in business volumes and continued high profitability. Return on equity was 15.7%, consistent with our financial target set three years ago.
Nordea’s strength and resilience was evident in our 2024 results. Income grew by 3%, and return on equity reached 16.7%, supported by good business momentum and high levels of customer activity.
Frank Vang-Jensen: “Our results show that despite the slow economy, we continue to make good progress on our strategic priorities and deliver industry-leading financial performance.”
Nordea had another strong quarter. Return on equity reached 17.9%, led by growth in both net interest and net fee and commission income. Despite the slow economy, we continue to make good progress on our strategic priorities and deliver industry-leading financial performance.
Frank Vang-Jensen: “Nordea had a strong start to the year. Despite the subdued economic environment, we maintained solid business momentum. Our competitive range of services and proactive approach continue to be valued by our customers.”
Frank Vang-Jensen: “Every day, we work to earn the trust and loyalty of our customers and shareholders. I would like to thank them for their feedback and cooperation, and also all our employees for their great efforts and relentless drive forward during 2023.”
Frank Vang-Jensen: “Nordea performed strongly in the third quarter. Our franchise continued to deliver good results, despite the challenging environment.”
Nordea’s unique Nordic position delivers strong results
Frank Vang-Jensen: “We aim for nothing less than to serve our customers to the best of our ability and be the preferred partner for them – now and in the future.”
Nordea is one of the most stable and profitable banks in Europe. In the second quarter we continued to drive high levels of customer activity and strong profitability, leading to a return on equity of 18.4%.