Fourth-quarter Financial Highlights 2023

Large Corporates & Institutions Strong net interest and net fee and commission income, lower net fair value result Total income, EURm • . • Total income down 4% Net interest income up 10%, driven by positive margin development Net fee and commission income up 17%, driven by higher advisory fee income Net fair value result down 44% due to lower market-making result following high level of Q422 Return on capital at risk 19% and cost-to-income ratio 38% Return on capital at risk**, % -4% 626 665 564 569 599 • 352 345 361 368 380 111 120 104 105 130 170 -193 -99 -96 -89 Q422 Q123 Q223 Q323 Q423 • Net interest income Net fee and commission income Net fair value result and other Lending*, EURbn -2% -1% 53 54 53 53 52 Q422 25 25 52 52 21 -2pp 19 19 19 19 Q123 Q223 Q323 Q423 Q422 Q123 Q223 Q323 Q423 Including FX effects Excluding FX effects Nordea 15 Excluding repos ** With amortised resolution fees

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