Nordea Group CEO Frank Vang-Jensen has declared that the pressure on the bank’s net interest income has abated, asserting that the trough was reached earlier this year.
The Finnish-Swedish lender’s chief executive expects a strong recovery in the margin, marking a significant shift in sentiment for the region’s largest bank.
The group reported profits rising by over €3 billion, supported by a resilient earnings engine despite ongoing macroeconomic headwinds.
This optimistic outlook follows Nordea’s first-half results, which exceeded market expectations.
The group reported profits rising by over €3 billion, supported by a resilient earnings engine despite ongoing macroeconomic headwinds.
Alongside the strong financial performance, Nordea announced an interim dividend of €0.34 per share, signaling confidence in its capital position and future cash flows.
The CEO’s comments suggest that the worst of the net interest margin compression is over, a key concern for investors in the Nordic banking sector.