Fourth-quarter Financial Highlights 2023

Personal Banking Continued income growth, driven by net interest income 13 Total income, EURm . Total income up 10% +10% . 1,077 1,115 1,146 1,188 1,190 764 811 842 870 887 • 273 13 257 19 258 19 269 21 255 15 27 28- 27 28 33! Q422 Q123 Q223 Q323 Q423 • Net interest income Net fee and commission income Lending*, EURbn Net insurance result Net fair value result and other . Net interest income up 16%, driven by deposit margins Deposit volumes up 1% Mortgage volumes stable - margin pressure continues Stable savings & investment income, lower lending fee income Improved cost-to-income ratio: 45% Cost-to-income ratio**, % 0% -1pp 46 167 167 167 167 167 45 45 44 42 Q422 Q123 Q223 Q323 Q423 Q422 Q123 Q223 Q323 Q423 Nordea Excluding FX effects ** With amortised resolution fees

View entire presentation