Nordea is the first of the major banks to emerge from the flood of earnings reports. The bank is also setting the tone with a stronger-than-expected report.
"In summary, we started the year strongly despite the turbulence in the financial markets towards the end of the quarter," writes the bank's CEO Frank Vang-Jensen in a comment.
As expected, net interest income, the bank's profit from the difference between deposit and lending rates, fell. However, the decline was limited to 4 percent and the total, almost SEK 19 billion, was slightly higher than expected. This came at the same time as net fees and commissions increased by 6 percent.
"The outlook for the full year 2026 is unchanged," writes the bank's CEO Frank Vang-Jensen in a comment.
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