Nordea Bank Q2 corporate lending up 9%; expects 2026  ROE more than 15%

Nordea Bank Abp

16/07/2026 05:44

Overview
Nordic financial services group's net interest income met analyst estimates; total income rose 4% yr/yr
Company declared mid-year dividend of EUR 0.34 per share, about 50% of H1 net profit

Outlook
Nordea expects 2026 return on equity of greater than 15%, unchanged from prior guidance
Company revises 2026 cost-to-income ratio forecast to 44–45% from previously around 45%

Result Drivers
FEE AND COMMISSION INCOME - Net fee and commission income rose 11% yr/yr, with savings income up 13% and growth across all fee categories
ASSET MANAGEMENT GROWTH - Assets under management increased by 16% to a record EUR 505bln, driven by strong customer demand for savings and investment products
CORPORATE LENDING AND DEPOSITS - Corporate lending grew 9% and corporate deposits rose 9%, reflecting higher activity among Nordic businesses

Company press release: ID:nWkr9lc2l9

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
Beat
EUR 0.36
EUR 0.35 (10 Analysts)
Q2 Net Interest Income
Meet
EUR 1.78 bln
EUR 1.78 bln (7 Analysts)
Q2 CET 1 Capital Ratio
 
15.7%
 
Q2 Net Fee & Commission Income
 
EUR 880 mln
 
Q2 ROE
 
15.9%

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)