Nordea Kredit Performance Update

Impairments and provisioning coverage Continued strong credit quality 18 Stage 2 and 3 loans at amortised cost, EURM • • . Stage 3 impaired loans further reduced, to 0.96% from 1.12% in Q1 Stage 2 loans down 3% q/q Coverage ratio for remaining Stage 3 portfolio improved from 42% to 45% Weaker macro-economic outlook offset by continued improvement in portfolio credit quality 12,843 13,154 12,733 13,473 13,095 Stage 2 3,750 3,628 3,512 3,154 2,687 Stage 3 • Q221 Q321 Q421 Q122 Q222 Coverage ratio, % 48 46 46 10 40 www ww DD BR 45 45 44 43 43 8 44 42 42 42 42 39. 160 38 3.6 3.7 3.4 3.5 3.4 3.4 3.2 3.1 3.1 3.1 4 36 34 2 Stage 3 32 Stage 2 30 0 Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Nordea

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