Nordea Bank
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Nordea Bank (NDA-SE) investor relations material

Nordea Bank Investor presentation summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Investor presentation summary11 Feb, 2026

Covered bond operations

  • Four aligned issuers operate across Norway, Sweden, Denmark, and Finland, each with distinct cover pools and issuance currencies.

  • Covered bonds are a core part of long-term funding, with issuance in both Scandinavian and international currencies.

  • Nordea Kredit focuses on Danish residential and commercial mortgages, with a cover pool of EUR 57.0bn.

  • All covered bonds are issued under the updated 2025 green funding framework.

Nordea Kredit overview

  • Fully owned by Nordea Bank Abp, operating as a mortgage credit institution since 1993.

  • All covered bonds rated AAA by S&P; full liquidity support from the parent bank.

  • Profit before tax rose 68.3% year-on-year to EUR 130m in H1 2025.

  • Cost-income ratio improved to 27.3% in 2025, mainly due to lower internal fees.

  • Capital ratio decreased to 21.5% after new risk model implementation.

Cover pool and loan portfolio

  • Cover pool mainly consists of Danish residential mortgages, with a weighted average LTV of 49.2%.

  • Over-collateralisation stands at 7.6%; average residential loan size is EUR 216,688.

  • 74.7% of bonds are fixed coupon; 54.4% of loans are interest-only.

  • Market share in owner-occupied dwellings and holiday homes is 15.4%.

  • Loan portfolio is geographically diversified, with 46% in the capital region.

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Next Nordea Bank earnings date

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Q1 202622 Apr, 2026
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Q1 202622 Apr, 2026

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Frequently asked questions

Heavy-Hitting Nordic Bank

Nordea Bank is a leading financial institution in the Nordic region. Founded in the year 2000 as the result of a merger of several prominent Nordic banks, Nordea has grown to become a notable player in the European banking landscape. Nordea’s operations span across a wide range of financial services, from retail banking and wealth management to corporate and investment banking. Nordea has grown to become an important player in Europe in general, and the Nordics in particular. The company is headquartered in Finland and trades on the stock exchanges in Copenhagen, Helsinki, and Stockholm.

The Result of A Merger

Nordea came to be as the result of several This consolidation process started with two Swedish banks, Nordbanken and Sundbanken, in 1990. The banking group expanded when it merged with Finland's Merita Bank in 1997, and later with Denmark's Unidanmark and Norway's Christiania Bank. These strategic consolidations led to the creation of a significant banking institution with a pan-Nordic presence, taking the name Nordea, which stands for "Nordic Ideas".

All-encompassing Banking Services

Nordea’s suite of financial services is broad and extensive, aimed at fulfilling the financial needs of a wide range of customers, from individual consumers to large corporations. For everyday banking, Nordea offers checking and savings accounts, loans, credit cards, and a robust online banking platform. Additionally, Nordea's wealth management services provide customers with financial planning and investment services, as well as insurance products.

For corporate clients, Nordea offers services that go beyond traditional banking. These include cash management, trade finance, and treasury services. Nordea also has a strong presence in investment banking, providing services such as capital markets operations, mergers and acquisitions advisory, and equity and debt financing.

An Important Pillar of Nordic Banking

The formation of Nordea has had a substantial impact on the Nordic region as a whole. By bringing together the resources and capabilities of leading banks in Sweden, Denmark, Finland, and Norway, Nordea has strengthened the regional financial infrastructure and created a seamless banking experience across national borders. Its broad range of services has been vital in supporting both individuals and businesses in the region. Some other important banks in the Nordics include names like Danske Bank, Skandinaviska Enskilda Banken, and DNB.

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