Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Q1 2026 Earnings Presentation
20 slides from Nordea Bank Abp's earnings presentation, Apr 22, 2026
Slide 1: First-quarter results 2026
First-quarter results 2026
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements that reflect management’s current views 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
Slide 3: Executive summary
First-quarter highlights 20261 Executive summary Resilient performance and solid profitability – markets negatively impacted by escalation in Middle East conflict - Return on equity2 15.4% and earnings per share EUR 0.36 Continued solid growth in lending and deposit volumes and assets under manageme
Slide 4: Key financials
Key financials1 First-quarter results 2026 Income statement and key ratios Q126 Q125 Q1/Q1 Q425 Q1/Q4 EURm Net interest income 1,759 1,829 -4% 1,765 0% Net fee and commission income 842 793 6% 853 -1% Net insurance result 69 54 28% 64 8% Net fair value result 226 289 -22% 257 -12% Other income 14 9
Slide 5: Solid business volume growth, lower margins as expected
Net interest income Solid business volume growth, lower margins as expected Year-over-year bridge, EURm • Net interest income down 4% y/y, -4% as expected 1,829 80 1,759 276 • Strong lending and deposit growth 8 51 29 55 - Corporate lending up 11% - Mortgages up 2% Q125 Volumes Margins Deposit Treas
Slide 6: Continued growth across fee types
Net fee and commission income Continued growth across fee types Year-over-year bridge, EURm +6% • Net fee and commission income 842 up 6% y/y 6 13 11 3 7 • Savings fee income up, driven by 793 23 higher AuM and positive net flows in investment products Q125 Asset Brok. & Pay. & Lending Other FX Q126
Slide 7: Strong customer activity; market making affected by market turmoil
Net fair value result Strong customer activity; market making affected by market turmoil Net fair value result, EURm • Strong customer activity -22% throughout quarter, driven by FX 289 and interest rate hedging. Equities 254 257 and securities financing also solid 77 245 46 226 54 • Market making i
Slide 8: Costs flat excluding FX
Costs1 Costs flat excluding FX Year-over-year bridge, EURm +2% • Total costs flat y/y excluding FX 1,375 due to stabilised investment levels 13 and firm cost management 1,354 20 24 5 4 - Underlying costs up, mainly due to salary inflation – mitigated by reduction in number of employees Q125 Underlyi
Slide 9: Very strong credit quality
Net loan losses and similar net result Very strong credit quality • Net loan losses and similar net result reversal of EUR 99m (losses Net loan losses and similar net result, EURm of EUR 61m or 6bp excluding MJ buffer release) 1 - Moderate individual provisions and 73 write-offs, mainly attributable
Slide 10: Strong capital position
Capital • CET1 ratio stable at 15.7% Strong capital position - 1.9 percentage points above regulatory requirement CET1 capital ratio development, % - CET1 capital up EUR 0.3bn with continued strong capital generation - EUR 2.4bn increase in risk exposure 15.7 0.6 -0.4 15.7 ~15 amount (REA) due to in
Slide 11: Personal Banking
Personal Banking Volume and fee income growth partly offset impact of lower margins Total income, EURm -5% • Mortgage volumes up 2%, deposit volumes up 5% and 1,184 investment product AuM up 10% 1,173 1,164 1,149 1,127 • Net interest income down 10% due to lower lending and 846 828 797 781 763 depos
Slide 12: Asset & Wealth Management
Asset & Wealth Management High business momentum continues in Private Banking Total income, EURm • Continued high customer activity in Private Banking, with +1% investment product net flows of EUR 1.0bn, driven by Finland 348 342 352 and Sweden 333 336 78 74 71 68 72 • Net flows in wholesale distrib
Slide 13: Business Banking
Business Banking Solid volume and fee income growth, offset by lower deposit margins Total income, EURm 0% • Lending volumes up 8%, deposit volumes up 8% and 819 808 792 799 817 investment product AuM up 11% • Net interest income down 4% due to lower deposit margins 546 536 526 527 525 • Net fee and
Slide 14: Large Corporates & Institutions
Large Corporates & Institutions Continued strong lending growth and profitability despite market turmoil Total income, EURm • Lending volumes up 14% and investment product AuM up 9% -9% • Net interest income down 2% due to lower interest rates 620 581 586 554 566 • Net fee and commission income up 1
Slide 15: Why own Nordea
2030 financial targets Why own Nordea Return on equity >15% The best-performing financial services throughout period and significantly higher in 20301 group in the Nordics in 2030 Cost-to-income ratio2 40–42% Leading customer experience and faster-than- Supported by market income growth High credit
Slide 16: Slide 16
Slide 17: Assets under management and net flows
Supplementary information AuM Assets under management and net flows Total AuM, EURbn +9% 453 473 464 426 436 • New way of reporting assets 87 91 89 81 83 Investment under management from Q126 318 324 178 339 186 353 185 349 product 168 172 AuM - Revised structure, including clearer 29 29 30 32 32 di
Slide 18: Capital excellence
Supplementary information Capital excellence Strong capital generation supporting returns Shareholder returns supported by continued strong capital generation EUR ~17.4bn Year Average quarterly capital generation, bp • Capital return commitment reaffirmed - Strong capital generation - Unchanged divi
Slide 19: Net interest income sensitivity to policy rate changes
Supplementary information Net interest income sensitivity Net interest income sensitivity to policy rate changes Sensitivity to +50bp parallel shift in policy Deposit hedge – nominal volume, • NII impact largely driven by policy rates1, EURm EURbn rates and pass-through ~100–150 34 36 38 - Actual pa
Slide 20: Reduction in impaired exposures
Supplementary information Impairments and provisioning coverage Reduction in impaired exposures • Stage 3 loans down at 0.96% of total Stage 2 and 3 loans at amortised cost, EURm loans - 5% decrease in stage 3 loans, driven by write-offs and decrease in exposure Stage 2 16,208 16,207 15,355 14,316 1