Nordea Kredit Performance Update

Net interest income Continued strong volume growth, lower lending margins Year-over-year bridge, EURM 8 +6% 1,308 22 18 8 88 1,232 Q221 Volumes Margins Other FX Q222 Quarter-over-quarter bridge, EURm 0% • • • Net interest income up 6% Strong lending volume growth across business areas Strong performance in corporate sector with large corporate lending up 16% Lending margins down across business areas and countries Margins pressured by increased funding costs Deposit margins up, driven by higher policy rates in Norway and Sweden 36 1,308 1,308 · 63 12 3 18 Q122 Volumes Margins Other FX Day count Q222 Nordea

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