Finland's Nordea tops profit expectations helped by fees and commissions (updated)

Nordea Bank Abp

22/04/2026 05:59

Corrects paragraph 3 to say NII was above consensus, not below

April 22 (Reuters) - Finland's Nordea Bank NDAFI.HE reported first-quarter operating earnings above market estimates on Wednesday, as higher fee and commission income and a reversal of loan losses helped offset effects of lower interest rates.

The Nordic region's biggest lender's operating profit rose 2% from a year ago to 1.63 billion euros ($1.91 billion), exceeding analysts' average forecast of 1.42 billion euros, according to LSEG's I/B/E/S data.

Net interest income, a key metric for measuring banks' income from lending and deposits, fell 4% to 1.76 billion euros following policy rate reductions, the bank said, slightly above market expectations of 1.74 billion euros.

($1 = 0.8518 euros)

(Reporting by Elviira Luoma in Gdansk, editing by Milla Nissi-Prussak)

((Elviira.luoma@thomsonreuters.com))