Nordea Bank Abp NDA-FI.HE · Stock Open Nordea Bank Abp in new tab

Nordea’s shares edged up modestly by 0.9% after reporting a quarter with stable costs and improving net interest income, but the muted market response suggests investors remain cautious on the outlook despite solid fee income growth and asset expansion.

• Return on equity was a healthy 15.9%, with earnings per share up 3% year-on-year to EUR 0.36.
• Total income increased 4% to over EUR 3 billion, supported by an 11% rise in net fee and commission income.
• Assets under management surged 16% to a record EUR 505 billion, driven by strong demand for savings and investment products.
• Net interest income grew 1% quarter-on-quarter but remains down 1% year-on-year; net interest margin slightly contracted to 1.54%.
• Costs were flat year-on-year excluding currency effects, resulting in improved jaws with income growing faster than expenses.