First-quarter results 2023

Nordea Bank AbpInterim report (Q1 and Q3)27 April 2023 at 7:30 EET Summary of the quarter Strong profitability in a slower market. The increases in interest rates and weaker economic activity continued in the first quarter. Nevertheless, Nordea’s income growth continued to drive higher operating profit, which increased by 34%, year on year, to EUR 1,480m, despite substantial depreciations of the Swedish and Norwegian currencies. Total income increased by 19%, mainly driven by growth in net interest income. Net interest margins improved, supported by deposit income. Net commission