Strong Return on Equity
Nordea delivered a return on equity of 16.2%, underlining improved profitability and resilience, and is on track to meet the full-year guidance of over 15%.
Growth in Lending and Deposits
Mortgage lending increased by 6% and retail deposits were up 8%, driven by Norway and Sweden. Corporate lending and deposits both increased by 5% year-on-year.
Increase in Assets Under Management
Assets under management grew by 9% to EUR 437 billion, showing resilience in turbulent markets.
Strong Capital Position
CET1 ratio at the end of June was 15.6%, which is 1.9 percentage points above the current regulatory requirement.
Net Loan Loss Reversal
Net loan losses amounted to a net reversal of EUR 21 million, with EUR 60 million released from management judgment buffer due to strong credit quality.