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We serve our customers worldwide. Our vision is to be the preferred partner for our Nordic customers, also for their banking needs outside the Nordics. Our teams in Nordea Asset Management are located in various branches and subsidiary offices. We are one of the largest asset managers in the Nordics and are present in Europe, the Americas and Asia.
- Summary of The Quarter
- CEO Comment
- Outlook
- Dividend For 2022
- Income Statement Excluding Items Affecting Comparability1
- Ratios and Key Figures Excluding Items Affecting Comparability1,2
- Ratios and Key Figures Including Items Affecting Comparability1
- 2022 Publications
- Documents
Continued growth in business volumes, driven by strong corporate lending despite higher economic uncertainty. Nordea continued to win market shares across the region, with mortgage lending up 3%. However, higher economic uncertainty and rising inflation led to slower growth in mortgage volumes in the fourth quarter. Nordea also grew its corporate l...
2022 turned out to be an extraordinary year. We witnessed Russia’s invasion of Ukraine, causing significant human suffering and creating societal and financial uncertainty across Europe. In the financial markets, we saw the worst combined returns across bond and equity markets since the late 1960s, as inflation and interest rates shifted materially...
Financial target for 2025
Nordea’s financial target for 2025 is a return on equity above 13%. The target will be supported by a cost-to-income ratio of 45–47%, an annual net loan loss ratio of around 10bp and the continuation of Nordea’s well-established capital and dividend policies.
Financial outlook for 2023
Nordea expects a return on equity of above 13%.
Capital policy
A management buffer of 150–200bp above the regulatory CET1 requirement.
On 31 December 2022 Nordea Bank Abp’s distributable earnings, including profit for the financial year, amounted to EUR 17,300m and other unrestricted equity amounted to EUR 4,593m. Nordea’s Board has decided to propose that the Annual General Meeting (AGM) on 23 March 2023 authorise it to decide on a dividend payment of a maximum of EUR 0.80 per sh...
1. Excluding the following items affecting comparability in the first quarter of 2022: a non-deductible loss from the recycling of EUR 529m in accumulated foreign exchange losses related to operations in Russia and EUR 8m (EUR 6m after tax) in losses on fund investments in Russia, recognised in “Net result from items at fair value”; and EUR 76m (EU...
1. Excluding the following items affecting comparability in the first quarter of 2022: a non-deductible loss from the recycling of EUR 529m in accumulated foreign exchange losses related to operations in Russia and EUR 8m (EUR 6m after tax) in losses on fund investments in Russia, recognised in “Net result from items at fair value”; and EUR 76m (EU...
1. See here for more detailed information regarding ratios and key figures defined as alternative performance measures. 2. End of period. 3. Including the result for the period.
Nordea’s Annual Report for the financial year 2022, which includes the Audited Financial Statements, the Board of Directors’ Report and the Corporate Governance Statement as well as the sustainability reporting, will be published in week 9 by way of stock exchange release and will also be available at www.nordea.com. This release is a summary of No...
From local bank to Nordic leader. Nordea’s roots date back to 1820s Copenhagen, when a local savings bank first opened its doors for business. Over time, we have grown to become the leading financial institution in the Nordics, offering a wide range of financial services. Our essential role has always been clear: to help our customers realise ...
Sep 27, 2024 · Nordea has 5 employees across 40 locations and €8.47 b in annual revenue in FY 2020. See insights on Nordea including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft.
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Nordea Bank Abp, [5][6] commonly referred to as Nordea, is a Nordic [7][8] financial services group operating in northern Europe with headquarters in Helsinki, Finland. [9] The name is a blend of the words "Nordic" and "idea". [10] The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian ...
2 days ago · We do not think Nordea's operations warrant a moat. Although the group has good market shares in all Nordic countries (Sweden 13%, Denmark 6%, Finland 26%, Norway 10%) and has the largest number ...
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2 days ago · Nordea’s return on equity remained very strong at 16.7% in the third quarter, reflecting Nordea’s resilience and continued high performance. For the third quarter, our cost-to-income ratio with amortised resolution fees and excluding the US settlement was 43.4%, compared with 42.4% a year ago.
