Fourth-quarter Financial Highlights 2023

Supplementary information Net interest income sensitivity Net interest income sensitivity to policy rate changes Sensitivity to +50bp parallel rate shift in policy rates* Denmark Finland .35 - ~75 ~285 Year 3 NII Year 2 NII impact increase impact increase vs. year 1 vs. year 2 NII impact largely driven by policy rates and pass-through Actual pass-through to vary between account types and countries, and throughout rate hike cycle - Sensitivity reflecting modelled risk over - cycle NII impact higher following initial rate increases and lower thereafter Group NII also impacted by other drivers Volumes and asset pricing Wholesale funding costs - Deposit hedges Increased deposit hedging reducing sensitivity to interest rate changes - Hedge volume up ~20% in 2023 - Average hedge maturity ~3 years Norway Sweden ~1202 Year 1 NII impact Total net impact Hedge impact Structural hedge - nominal volume, EURbn 40 40 35 30 25 25 20 Q222 Q322 Q422 Q123 Q223 Q323 Q423 - Additional NII impact in Y2-Y3 as assets repriced and hedges rolled over Nordea 27 Symmetrical for -50bp parallel shift

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