Nordea: Third-quarter results show 15.1% return on equity
Nordea Bank Abp reported its third-quarter results with a return on equity of 15.1% and earnings per share of EUR 0.35. Total income increased by 2% year-on-year.
Helsinki, Finland – Nordea Bank Abp announced its third-quarter financial results today, achieving a return on equity of 15.1% and earnings per share of EUR 0.35. The bank's total income grew by 2% compared to the same period last year, despite a slight decrease in lending margins. Net fee and commission income saw a significant 9% rise, driven by growth in savings and investment business.
Operational efficiency remained stable, with a cost-to-income ratio of 45.0%. Net interest income increased by 1%, partly due to volume growth. However, net fair value result decreased by 19% as a consequence of interest rate volatility. The overall operating profit declined by 4% to EUR 1.5 billion.
Lending and deposit volumes continued their strong trajectory. Corporate lending increased by 8% and deposits by 7% year-on-year. Mortgage lending saw a 2% growth. Assets under management (AuM) reached a record EUR 509 billion, marking a 13% increase.
The bank maintained strong credit quality, reporting net loan losses of EUR 74 million, which is within its long-term expectations. Capital adequacy was robust, with the CET1 ratio standing at 15.8%, well above regulatory requirements. Nordea maintains its outlook for a full-year 2026 return on equity exceeding 15%.