Nordea slightly increases operating profit in second quarter

Business performance in detail

At the same time, the bank's net interest income declined slightly once again. The institution offset the decline in net interest income through rising fee and commission income, supported by strong wealth management business.

This increase was largely absorbed by higher costs and loan loss provisions for potential credit defaults. As a result, operating profit came in higher than in the prior-year quarter, but the bottom line remained under pressure.

Group CEO Frank Vang-Jensen also confirmed his targets for the current year. Details on the specific target levels were not elaborated further in the announcement.

Market environment and further news

Across the broader market, the picture was mixed: while the Swiss SMI ultimately gained ground, the DAX ended trading in negative territory. Asian stock exchanges also tended to be in the red.

Nordea is deeply rooted in the region and serves customers in several Nordic countries as well as the Baltics. With the quarterly announcement, management underscored its ambition to safeguard revenue growth through fees and commissions even in a weaker interest rate environment.

Background: Nordea at a glance

In the course of the year so far, Nordea had sent mixed signals: while a decline in profit was recorded in the first quarter, which had been largely expected by analysts, the bank issued a 175 million Swiss franc bond with a seven-year maturity in early April 2026.

The quarterly figures were released on 07/16/2026 at 07:34:07 a.m. and distributed by awp international. The Nordea share is traded under ISIN SE0000427361.