Nordea realised a very good quarter again, supported by the strong growth in NII through higher policy rates leading to increased deposit margins. The strength of the income beat also came from trading. Profitability was very strong and well above the over 13% target by 2025 guidance given by management. NII tailwinds are set to continue into 2023 and the results combined with excess capital should allow for continuous generous dividends and buy-backs.
02 Feb 2023
Q4: NII growth continues to soar
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Q4: NII growth continues to soar
Nordea realised a very good quarter again, supported by the strong growth in NII through higher policy rates leading to increased deposit margins. The strength of the income beat also came from trading. Profitability was very strong and well above the over 13% target by 2025 guidance given by management. NII tailwinds are set to continue into 2023 and the results combined with excess capital should allow for continuous generous dividends and buy-backs.