Nordea Kredit Performance Update

Personal Banking Strong growth in mortgage lending volumes and increased funding costs Total income, EURm -3% 931 922 913 925 906 569 573 556 565 571 301 316 324 301 302 61 33 33 59 33 Q221 Q321 Q421 Q122 Q222 Net interest income Net fee and commission income Net fair value result and other Lending*, EURbn 42 • • Total income excluding one-offs up 1% Increased mortgage market shares across Nordics Strong volume growth and higher deposit margins partly offset by mortgage margin pressure Higher payment and card fee income partly offset by lower savings and investment income Cost-to-income ratio 51% - higher regulatory fees Cost-to-income ratio**, ** % +2pp +5% 172 170 51 168 166 49 164 Q221 52 == 51 50 50 Q321 Q421 Q122 Q222 Q221 Q321 Q421 Q122 Q222 * Excluding FX effects ** With amortised resolution fees Nordea

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