Q3 2025 Nordea Bank Abp Earnings Call Transcript
Key Points
- Nordea Bank Abp (NRDBY) reported a strong return on equity of 15.8%, aligning with their financial target.
- Mortgage lending increased by 6%, driven by strong growth in Sweden and a Norwegian acquisition.
- Corporate lending grew by 6% year on year, indicating strong demand and business confidence.
- Net fee and commission income rose by 5%, rebounding after previous market volatility.
- The bank announced a new EUR250 million share buyback program, demonstrating a commitment to returning excess capital to shareholders.
- Total income decreased by 3%, reflecting challenges in maintaining revenue growth.
- Net interest income fell by 6% year on year due to policy rate reductions.
- The net fair value result was down 14% compared to an unusually high level a year ago.
- Operating profit was EUR1.6 billion, 2% lower than a year ago, indicating pressure on profitability.
- The Nordic mortgage markets, excluding Sweden, showed muted activity, impacting overall lending growth.
Good morning and welcome to Nordea's third quarter 2025 results. I'm Ilka Tala, head of investor relations. As usual, we'll start with a presentation by Group CEO Frank Jensen, followed by a Q&A session with Frank and Group CFO Ian Smith. Please remember to dial into the teleconference to ask questions. With that, Frank, please go ahead.
Good morning.
Today we have published our results for the 3rd quarter of 2025.
Again, it was a very solid quarter for Noda.
The past few months have reminded us that the world economy is delicately balanced.
Political shifts and rising global tensions mean the operating environment can change quickly. Still, after the turbulent first few months of the year, the 3rd quarter felt more calm and settled.
Some of the earlier uncertainty around tariffs receded when the new EU US trade
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