Nordea Bank AB

Report Publication Announcement • Feb 24, 2025

Nordea has published its annual reporting for 2024

Nordea has published its annual reporting for 2024

Nordea Bank Abp

Stock exchange release - Annual Financial Report

24 February 2025 at 09.00 EET

Nordea has today published its Annual Report for the financial year 2024, which

includes the audited Financial Statements, the Board of Directors' Report now

including the Sustainability Statement, and the Corporate Governance Statement.

Further, Nordea has today published its Remuneration Report for Governing Bodies

The year 2024 was a reminder of how unpredictable the world can be. In the

Nordics, people are fortunate to live in stable and prosperous societies. Even

so, open economies are not immune to uncertainty. Inflation eased as the year

went on and together with lower interest rates, provided some welcome relief to

households and busi­nesses. As the year drew to a close, economic activity in

the Nordics showed signs of picking up. Despite the uncertain market

environment, Nordea had another strong year of performance.

"We have stayed focused on what matters most: delivering on our priorities and

fulfilling our role as a strong and resilient partner for customers,

share­holders and the wider communities we serve. While global uncertainty

persists, we are in a strong position - as a leading financial services group in

one of the best places in the world to do business. The Nordic region is

characterised by resilience, innovation and opportunity, and we are proud to

play our part in its success," President and Group CEO Frank Vang-Jensen

comments in his letter to stakeholders in the Annual Report.

Now entering the final year of the current strategy period, 2022-2025, it is

clear the plan is working. Supported by strategic investments, the busi­ness has

grown, sustainable efficiencies have been created and the customer experience

has improved significantly - with customer satis­faction up across the board.

To support the strategy, there are two key levers within Nordea that are

critical to its long-term success. One is being a digital leader in the industry

where digital technologies are key to providing outstanding banking services.

The other is to integrate sustainabil­ity into the core of business and remain

committed to supporting customers in the transition.

Today, more than five million customers actively use the Nordea app and online

banking platform for managing their finances. That is 25% more than in early

2022. In 2024 alone customers logged into Nordea's digital services 1.5 billion

times, an increase of 8% compared with 2023.

Over the past three years Nordea has facilitated EUR 185bn in sustainable

financing, bringing it closer to the 2025 target of EUR 200bn. Furthermore,

there is good progress when it comes to reducing carbon emissions. So far,

Nordea's lending portfolio financed emissions are down 36% compared with 2019

levels, putting Nordea on track to reach its 40-50% reduction target by 2030.

The Annual Report (https://www.nordea.com/en/investors/group-annual-reports),

the Corporate Governance Statement (https://www.nordea.com/en/about-us/corporate

-governance/corporate-governance-reports) and the Remuneration Report for

Governing Bodies (https://www.nordea.com/en/about-us/corporate

-governance/nordeas-general-meeting-2025#1) are available at nordea.com.

Nordea also publishes its Annual Report in accordance with the European Single

Electronic Format (ESEF) reporting requirements. Authorised public accountants

PricewaterhouseCoopers Oy have provided an independent auditor's reasonable

assurance report on Nordea's ESEF Financial Statements. The ESEF Annual Report

in Swedish is available in the zip file attached to this release and at

nordea.com.

For further information:

Ilkka Ottoila, Head of Investor Relations, +358 9 5300 7058

Media inquiries, +358 10 416 8023 or press@nordea.com

The information provided in this stock exchange release was submitted for

publication, through the agency of the contacts set out above, at 09.00 EET on

24 February 2025.

We are a universal bank with a 200-year history of supporting and growing the

Nordic economies - enabling dreams and aspirations for a greater good. Every

day, we work to support our customers' financial development, delivering best-in

-class omnichannel customer experiences and driving sustainable change. The

Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq

Stockholm exchanges. Read more about us at nordea.com.