Nordea’s half-year results 2026
Nordea’s return on equity for the second quarter was 15.9%, reflecting strong performance and high profitability. Total income was up 4% year on year.
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Nordea’s return on equity for the second quarter was 15.9%, reflecting strong performance and high profitability. Total income was up 4% year on year.
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Frank Vang-Jensen, President and Group CEO, will present 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.
Register for the webcastIn the Q&A session, questions to management can be presented by phone. To ask questions, join the teleconference by registering using this link. After registering you will be provided with phone numbers, a user ID and a conference ID to access the conference. To ask a question, press #5 on your telephone keypad to enter the queue.
Join the teleconferenceStrong performance and high profitability – highlighting the strength of Nordea’s diversified business model
Return on equity1 15.9% and earnings per share EUR 0.36, up 3% y/y
High business volume growth; assets under management at record EUR 505bn
Corporate lending up 9% y/y, corporate deposits up 9%. Mortgage lending up 2% y/y, retail deposits up 4%. AuM up 16% y/y
Total income up 4% y/y
Net interest income down 1% y/y, turning to growth q/q (+1%); net fee and commission income up 11% y/y and net fair value result up 11% y/y
Disciplined cost management with continued productivity gains and substantial investment in strategic initiatives
Total expenses2 flat y/y excluding FX effects (up 2% including FX)
Strong credit quality
Net loan losses and similar net result EUR 61m (6bp) – well within long term expectation of around 10bp
Continued strong capital generation supporting growth
CET1 ratio 15.7% – 1.9pp above current regulatory requirement
Distribution of mid-year dividend for 2026 amounting to EUR 0.34, corresponding to approximately 50% of Group’s net profit3 for first half of 2026. Dividend payment date 13 August or as soon as possible thereafter
2026 outlook : return on equity greater than 15% and improved cost-to-income ratio2 of 44–45% (previously around 45%)
1. With amortised regulatory fees
2. Excluding regulatory fees
3. Including items affecting comparability