Nordea Updates Strategy, Sets New Financial Targets Through 2030

Nordea Bank Abp announced an updated corporate strategy and new financial targets for the 2026-2030 period, prioritizing profitable revenue growth that outpaces the market and substantial improvements in cost efficiency. The bank intends to enhance customer experience and drive growth by leveraging technology, data, and artificial intelligence.

The strategy's key priorities include exceeding market growth, offering a superior digital customer experience, and realizing Nordic operational efficiencies for increased competitiveness. CEO Frank Vang-Jensen stated the ambition is for Nordea to become the best-performing financial group in the Nordic region.

Financial targets for 2026-2030 include a return on equity above 15% and a cost-to-income ratio between 40-42% by 2030, excluding regulatory fees. Nordea aims to distribute over EUR 20 billion to shareholders by 2030 and targets an earnings per share of approximately EUR 2 by the same year.

Growth is expected from six key areas: Norway and Sweden as geographic markets, cross-selling initiatives, life and pension products, private banking, and small business segments. The bank highlighted the stability of Nordic economies as a strong foundation for its operations. Technology, data, and AI are identified as crucial enablers for process optimization and improved customer service.