Nordea posted Q1 operating profit of €1.63 bn, a 2% rise YoY, despite a 22% drop in fair‑value result.
Net fee and commission income grew 6% to €842 m, while net interest income fell 4% to €1.76 bn amid rate cuts.
The bank released €160 m from pandemic‑era provisions, reallocated €116 m, resulting in a €99 m loan‑loss reversal; net loan losses €61 m (6 bps).
Nordea completed a €500 m share buyback, declared €0.96 dividend, and kept FY2026 ROE target above 15% with 45% cost‑income ratio.