Nordea delivered strong results in Q4 21. Net revenue growth was slightly above consensus, boosted by fees as well as good growth in NII. There was also a good surprise in costs, showing an even stronger decline than expected, improving further the group’s C/I ratio. Capitalisation was strong with large margins remaining for additional capital distributions. As the 2022 targets are already reached, management has set ambitious 2025 targets in terms of efficiency, on which it will give details at ....
04 Feb 2022
Strong numbers exceed high expectations
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Strong numbers exceed high expectations
Nordea delivered strong results in Q4 21. Net revenue growth was slightly above consensus, boosted by fees as well as good growth in NII. There was also a good surprise in costs, showing an even stronger decline than expected, improving further the group’s C/I ratio. Capitalisation was strong with large margins remaining for additional capital distributions. As the 2022 targets are already reached, management has set ambitious 2025 targets in terms of efficiency, on which it will give details at ....