Nordea Bank Abp

Chart 1 - Nordea Abp demonstrates strong profitability and solid operating efficiency compared with European TOP50 banks The stable outlook on Nordea reflects our expectation that the bank will continue to achieve robust operating profitability and cost efficiencies to meet its current financial target of delivering a ROE above 15%. We therefore consider the bank will maintain performance indicators in line with those of highly rated peers over the next 12-24 months. We expect Nordea's strengthened position in its home markets, agility in terms of digital customer offerings, and strong financial position will underpin the bank's lending capacity and earnings generation. We could take a negative rating action in the next 12-24 months if Nordea is unable to maintain sustainable

...We expect Nordea's profitability to remain robust given its competitive position in its four home markets and diversified business model. In the first nine months 2024, Nordea reported a strong return on equity (ROE) of about 17.6%. More generally, earnings capacity continues to be supported by interest income, which is bolstered by structural interest rate...

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