Nordea has published its annual reporting for
2023
Nordea Bank Abp
Stock exchange release - Annual Financial Report
26 February 2024 at 9.00 EET
Nordea has
today published its Annual Report for the financial year 2023,
which includes the audited Financial Statements, the Board of
Directors' Report, the Corporate Governance Statement and the
Sustainability Notes. Further, Nordea has today published its
Remuneration Report for Governing Bodies 2023 and the new
Remuneration Policy for Governing Bodies.
The year 2023 was challenging in many ways.
Geopolitical tensions were high as Russia continued its tragic war
in Ukraine. Furthermore, the difficult and very sad situation in
the Middle East showed the world's fragility once again. The
economic environment was tough for many individuals and corporates,
with rising prices leading central banks to further raise interest
rates. Despite the challenging conditions, Nordea had a strong year
- with results making Nordea one of the best-performing banks in
Europe.
"Throughout our 200-year history we have always
aimed to be a safe and strong bank, supporting our customers in all
economic cycles. 2023 was no different. We stayed close to our
customers, making sure we understood their changing circumstances
and needs. Our proactive approach helped us maintain good business
momentum and deliver strong financial results. Our ambition is
unchanged: to be the preferred partner for customers in need of a
broad range of financial services," President and
Group CEO Frank Vang-Jensen comments in his letter to stakeholders
in the Annual Report.
Halfway through the 2022-2025 strategy period
Nordea has made good progress in implementing its strategic
objectives. Focus remains on delivering best-in-class omnichannel
experiences for customers together with driving focused and
profitable growth, and increasing operational and capital
efficiency.
To deliver on these priorities, there are two
key levers within Nordea. One is to become a digital
leader, recognising that digital technologies are key to providing
exceptional banking services today and in the future. The other is
to integrate sustainability into the core of Nordea's business,
aiming to support customers in their transition to sustainable
business models.
The use of digital services reached a record
high in 2023. Customer logins to mobile and online banking services
increased by 13% year on year to 1.4 billion. During the year more
than one million advisory meetings were conducted with individuals,
households and businesses, a year-on-year increase of
9%.
Over the past two years EUR 135bn has been
facilitated in sustainable financing, bringing Nordea closer to its
2025 target of EUR 200bn. Furthermore, there is good progress when
it comes to reducing carbon emissions. So far, Nordea's lending
portfolio financed emissions are down 29% compared with 2019
levels, putting Nordea on track to reach its 40-50% reduction
target by 2030.
The Annual
Report, the
Corporate Governance Statement, the
Remuneration Report for Governing Bodies
and the
Remuneration Policy for Governing Bodies
are available at nordea.com.
Nordea also publishes its Annual Report in
accordance with the European Single Electronic Format (ESEF)
reporting requirements. Authorised public accountants
PricewaterhouseCoopers Oy have provided an independent auditor's
reasonable assurance report on Nordea's ESEF Financial Statements.
The ESEF Annual Report in Swedish is available in the zip file
attached to this release and at nordea.com.
For further information:
Ilkka Ottoila, Head of Investor
Relations, +358 9 5300 7058
Media inquiries, +358 10 416 8023 or
press@nordea.com
The
information provided in this stock exchange release was submitted
for publication, through the agency of the contacts set out above,
at 9.00 EET on 26 February 2024.
http://www.rns-pdf.londonstockexchange.com/rns/4139E_1-2024-2-26.pdf