- Nordea Financial institution Abp press launch (OTCQX:NRDBY): Q1 GAAP EPS of €0.38.
- Web curiosity revenue of €1.95B (+10.8% Y/Y).
- Nordea’s CET1 ratio elevated to 17.2%, 5.1%.
- Nordea’s return on fairness was 18.1% within the first quarter, in contrast with 17.1% a yr in the past.
- Outlook for 2024 unchanged: return on fairness above 15%. Nordea has a robust and resilient enterprise mannequin with a really well-diversified mortgage portfolio throughout the Nordic area. This permits the financial institution to help its clients and ship high-quality earnings, with excessive profitability and low volatility, by way of the financial cycle.
- Monetary goal for 2025: Nordea’s monetary goal for 2025 is a return on fairness of above 15%. The goal shall be supported by a cost-to-income ratio of 44– 46%, an annual internet mortgage loss ratio of round 10bp and the continuation of Nordea’s well-established capital and dividend insurance policies.
- Monetary outlook for 2024: Nordea expects a return on fairness of above 15%.