Nordnet 9M 2021 Financial Overview
Nordnet has a capital light business model
Off balance sheet
~71%
Shares
Savings capital SEK ~728bn
~19%
Funds
Nordnet's income model
Net commission income (~81%)³
~10%
Deposits
I
I
Used to fund balance
sheet assets
On balance sheet
Liquidity portfolio¹
SEK-48bn
Credit portfolio
SEK ~24bn
Nordnet
~49%
Margin
lending2
~34%
Mortgage
lending
~17%
Unsecured
Net interest income (~19%) 4
Savings capital is the single most important driver of Nordnet's income
Figures as per LTM 9M 2021; (1) Defined as customer deposits minus lending (credit portfolio); (2) Excluding lending against pledged cash and cash equivalents; (3) Includes net financial transactions and other income; (4) Includes off-balance
sheet income from securities lending
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