Nordea Reports 2024 Full-Year and Fourth-Quarter Results
Nordea Bank Abp released its financial results for the fourth quarter and full year of 2024. The bank reported a 1% increase in total income and a 4% rise in operating profit.
Helsinki – Nordea Bank Abp announced its fourth-quarter and full-year financial results for 2024 on January 30, 2025. The bank's total income saw a 1% increase, while operating profit grew by 4% compared to the previous year.
The bank reported a return on equity of 14.3% for the fourth quarter and 16.7% for the full year. Earnings per share for the fourth quarter stood at EUR 0.32. The cost-to-income ratio was reported at 48.9%.
Lending and deposit volumes both increased. Net loan losses remained below the bank's long-term expectations. Nordea indicated it would complete its current share buy-back program and is in discussions for a new one.
Looking ahead to 2025, Nordea forecasts its return on equity to remain above 15%. The company cited its strong balance sheet and diversified loan portfolio as factors supporting continued high profitability and capital generation. A dividend of EUR 0.94 per share is proposed for 2024.