Brief: Nordea Launches Restructuring Initiatives To Change Workforce Composition

Nordea Bank Abp

17/03/2026 08:20

March 17 (Reuters) - Nordea Bank Abp NDAFI.HE:

TO BOOK RESTRUCTURING COSTS OF EUR 190M IN Q1 2026

LAUNCHES RESTRUCTURING INITIATIVES TO CHANGE WORKFORCE COMPOSITION

ABOUT 1,500 EMPLOYEES EXPECTED TO BE IMPACTED IN 2026 AND 2027

TARGETS AT LEAST EUR 600M ANNUAL GROSS COST TAKE-OUT BY 2030

RESTRUCTURING INITIATIVES EXPECTED TO DELIVER ANNUAL COST REDUCTION OF AT LEAST EUR 150M FROM 2028

TARGETS RETURN ON EQUITY ABOVE 15% FOR 2026–2030 AND COST-TO-INCOME RATIO OF 40–42% IN 2030

Source text: ID:nWkr1GPXnV

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