Nordea unveils ambitious 2030 targets, leveraging AI and Nordic scale
Nordea Bank Abp on Wednesday unveiled an ambitious new strategy for 2026-2030, targeting higher profitability and over 20 billion euros in shareholder returns, driven by a focus on technology and artificial intelligence.
The Nordic region's largest lender is aiming for a return on equity of above 15% throughout the period and a cost-to-income ratio of 40-42% by 2030, the company said.
These targets are an increase from its previous goals of over 13% return on equity and a cost-to-income ratio of 45-47% for 2025.
Nordea also set an ambition to deliver earnings per share of around 2 euros in 2030 and will begin paying dividends semi-annually.
The bank said technology, data and AI are at the heart of its plan to achieve scale benefits and drive efficiency.
"Six years ago, we set out to change our direction: to fix the basics and make Nordea competitive by truly putting customers first.
Today, Nordea is in great shape," President and Group CEO Frank Vang-Jensen said in a statement.
"The next chapter will be about growth in our four home markets and using our scale and technology to create even more value for our customers, shareholders and the Nordic region."
More from this issuer
Related coverage
Nordea Bank Abp on Thursday reported a resilient third-quarter profit and announced a new 250 million euro share buy-back, as the Nordic lender prepares to unveil its next strategic plan in November.
Nordea Bank Abp on Thursday reported a third-quarter operating profit of 1.6 billion euros, as lending growth helped offset a decline in income from lower interest rates.
Nordea Bank Abp on Thursday reported a third-quarter operating profit of 1.6 billion euros, as growth in lending volumes was offset by a decline in interest income.
Nordea Bank Abp has agreed to pay a significantly higher interest rate on a new capital bond compared to a similar issuance four years ago, reflecting a changed rate environment for lenders.