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Nordea Earnings Meet Estimates as Lending Income Drop Continues

Summary by Bloomberg
Nordea Bank Abp income from lending fell for a fifth consecutive quarter after continued interest-rate cuts by central banks dented second-quarter earnings.

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Lower interest rates mean that Nordea's financial results for the first half of 2025 will decrease compared to the same period last year.

·Copenhagen, Denmark
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Nordea's CEO Frank Vang-Jensen is pleased that the bank's assets under management grew, especially in April, when the markets were extremely turbulent.

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Nordea's Norway manager Randi Marjamaa says the bank has kept employees on hold before the holidays and called in extra help to handle the backlog after the interest rate cut.

Despite economic turmoil, major bank Nordea is sticking to its forecast for 2025. The bank's profit in the second quarter decreased slightly compared to 2024.

Nordea earns 9 billion DKK and beats expectationsNordea earned 1.22 billion euros, or 9.1 billion DKK, in the second quarter, the bank announced. This is less than the 1.3 billion euros that Nordea earned in the second quarter last

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Bloomberg broke the news in United States on Thursday, July 17, 2025.
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