Fourth-quarter Financial Highlights 2023
Business Banking
Continued income growth in slower corporate market
14
Total income, EURm
+10%
813
834
864
862
894
548
573
612
632
636
157
151
142
136
149
●
4
104
4
106
106
.91
4
105
Q422
Q123
Q223
Q323
Q423
•
Net interest income
Net fee and commission income
Lending*, EURbn
Net insurance result
Net fair value result and other
+1%
97
95
95
Q422
97
97
96
96
.
Total income up 10%
Lending and deposit volumes up 1%
Net interest income up 16%, supported by volume growth
and improved deposit margins
Continued strong credit quality; net loan losses 11bp
Improved cost-to-income ratio: 39%
Cost-to-income ratio**, %
40
40
38
88
-1pp
39
39
37
36
Q123
Q223
Q323
Q423
Q422
Q123
Q223
Q323
Q423
Nordea
Excluding FX effects
With amortised resolution feesView entire presentation