Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Q3 2026 Earnings Presentation
20 slides from Nordea Bank Abp's earnings presentation, Oct 15, 2026
Slide 1: Third-quarter results 2026
Third-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
Third-quarter highlights 2026 Executive summary Solid performance amid seasonally more subdued activity levels - Return on equity1 15.1% and earnings per share EUR 0.35, broadly stable y/y Continued strong lending and deposit growth; assets under management at record EUR 509bn - Corporate lending up
Slide 4: Key financials
Key financials Third-quarter results 2026 Income statement and key ratios Q326 Q325 Q3/Q3 Q226 Q3/Q2 EURm Net interest income 1,799 1,775 1% 1,779 1% Net fee and commission income 880 811 9% 880 0% Net insurance result 79 66 20% 78 1% Net fair value result 198 245 -19% 281 -30% Other income 12 13 -8
Slide 5: Net interest income
Net interest income Strong corporate volume growth; lower lending margins Year-over-year bridge, EURm • Net interest income up 1% y/y +1% 76 1,799 • Strong lending and deposit growth 1,775 103 54 - Corporate lending up 8% 4 1 - Mortgages up 2% - Retail deposits up 4% Q325 Volumes Margins Deposit Tre
Slide 6: Net fee and commission income
Net fee and commission income Continued strong growth in savings income • Net fee and commission income up Year-over-year bridge, EURm 9% y/y +9% • Savings fee income up 14%, driven 880 2 4 7 3 9 by higher average AuM 66 - Total AuM up 13%, to EUR 509bn – 811 all-time high - Investment product AuM u
Slide 7: Net fair value result
Net fair value result Solid customer activity; market making affected by extraordinary interest rate volatility in September Net fair value result, EURm • Stable contribution from -19% customer areas in seasonally 281 slower quarter 257 245 62 46 226 • Solid customer activity in FX and 75 19 198 rat
Slide 8: Costs
Costs Costs flat before FX and regulatory fees Year-over-year bridge, EURm +2% • Total costs flat y/y (excluding FX 1,353 and regulatory fees); strong cost 16 management 1,332 15 10 - Underlying costs up, mainly due to salary inflation and higher amortisation – partly mitigated by reduction in Q325
Slide 9: Strong credit quality
Net loan losses and similar net result Strong credit quality Net loan losses and similar net result, EURm • Net loan losses and similar net result EUR 74m (7bp) 74 74 0 - Moderate individual provisions, mainly 15 attributable to few closely monitored corporate customers 59 - Household net loan losse
Slide 10: Capital
Capital Strong capital position • CET1 ratio1 strong at 15.8% - 1.9 percentage points above regulatory requirement CET1 capital ratio1 development, % - CET1 capital1 up EUR 0.4bn – continued strong capital generation 15.7 0.7 -0.5 15.8 - Risk exposure amount up EUR 1.4bn, -0.1 0.1 -0.1 ~15.5 mainly
Slide 11: Personal Banking
Personal Banking Continued increase in customer activity partly offset by lower lending margins Total income, EURm 0% • Mortgage volumes up 2%, deposit volumes up 4% and +2% investment product AuM up 15% 1,164 1,149 1,127 1,145 1,166 • Net interest income down 2% – lower lending margins partly offse
Slide 12: Asset & Wealth Management
Asset & Wealth Management Continued strong business momentum in Private Banking Total income, EURm • Continued high customer activity in Private Banking, with +10% investment product net flows of EUR 0.9bn – positive 0% contribution from all four home markets 336 342 353 372 371 • Investment product
Slide 13: Business Banking
Business Banking Continued high customer activity driving volume growth and strong ancillary income Total income, EURm +5% • Lending volumes up 6%, deposit volumes up 2% and -1% investment product AuM up 18% 792 799 817 844 835 • Net interest income up 5%, driven by strong volume growth 526 527 525
Slide 14: Large Corporates & Institutions
Large Corporates & Institutions Strong customer engagement and volume growth; NFV affected by interest rate volatility Total income, EURm • Lending and deposit volumes both up 13% and investment -6% product AuM up 12% -14% 636 • Net interest income up 7%, driven by higher volumes 581 586 566 547 • N
Slide 15: Why own Nordea: 2030 financial targets
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: Nordea
Nordea
Slide 17: Assets under management and net flows
Supplementary information AuM Assets under management and net flows Total AuM, EURbn +13% +14% 505 509 473 464 452 104 105 • AuM reporting based on income 91 95 93 Investment profile and business area 338 353 350 195 383 196 385 product 174 181 180 - Clear distinction between AuM 31 33 33 36 48 37 i
Slide 18: Strong capital generation supporting returns
Supplementary information Capital excellence Strong capital generation supporting returns Steady compounder with strong track record • Capital philosophy reaffirmed Year Dividends & buy-backs, EURbn Average quarterly capital generation, bp - Strong capital generation; seek to deploy capital for prof
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, rates1, EURm EURbn • NII impact largely driven by policy 36 38 38 39 rates and pass-through ~100–150 34 ~200–
Slide 20: Reduction in impaired exposures
Supplementary information Impairments and provisioning coverage Reduction in impaired exposures • Stage 3 ratio stable at 0.91% of total Stage 2 and 3 loans at amortised cost, EURm loans Stage 2 • Stage 2 loans unchanged at 5% of 15,355 14,316 14,466 14,526 14,809 Stage 3 total loans • Coverage rati