Nordea Bank Abp: Third-quarter results 2026
Key Highlights
- ➤Q3 operating profit EUR 1.5bn, down 4% year on year
- ➤Return on equity 15.1%; diluted EPS EUR 0.35
- ➤Assets under management rose 13% to record EUR 509bn
- ➤Corporate lending rose 8% and deposits increased 7% year on year
- ➤2026 outlook unchanged: ROE above 15%; cost-to-income ratio 44–45%
Expert Statements
Frank Vang-Jensen, President and Group CEO of Nordea Bank Abp
“Nordea performed well again this quarter. We grew total income year on year, further expanded our customer base, deepened existing relationships and delivered strong growth in savings and investments in a seasonally slower quarter.”
Frank Vang-Jensen, President and Group CEO of Nordea Bank Abp
“Geopolitical uncertainty and volatility remain high. However, the global and Nordic economies continue to show resilience, supported by substantial investment in areas such as artificial intelligence, defence, infrastructure and energy transition.”
Frank Vang-Jensen, President and Group CEO of Nordea Bank Abp
“We expect continued economic growth, solid export performance and gradually improving household consumption in our home markets, with growth now also picking up in Finland.”
Frank Vang-Jensen, President and Group CEO of Nordea Bank Abp
“At the same time, we are mindful of the recent sharp rises in forward interest rates and the potential for higher rates to affect consumer confidence in the months to come.”
Frank Vang-Jensen, President and Group CEO of Nordea Bank Abp
“The resilience and growing confidence among Nordic businesses of all sizes was reflected in the strong momentum in our corporate lending and deposits during the quarter.”
Frank Vang-Jensen, President and Group CEO of Nordea Bank Abp
“This growth shows the strength of our customer relationships and pan-Nordic franchise.”
Frank Vang-Jensen, President and Group CEO of Nordea Bank Abp
“Our strong performance is reflected in our full-year 2026 guidance. We continue to expect a return on equity of greater than 15% and a cost-to-income ratio of 44–45%.”
Frank Vang-Jensen, President and Group CEO of Nordea Bank Abp
“Our ambition is to become the undisputed best-performing financial services group in the Nordics.”
Nordea Bank Abp Stock exchange release – Interim report (Q1 and Q3) 15 October 2026 at 7.30 EET
Return on equity 15.1% – earnings per share EUR 0.35. Nordea's return on equity for the quarter was 15.1%, a solid performance amid seasonally more subdued activity levels. The cost-to-income ratio(2) was 45.0% and earnings per share were EUR 0.35, both broadly stable year on year.
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