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Confidential Third-Quarter Financial Report 2026

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Nordea Third-Quarter Financial Report 2026 1 Q3 Third-quarter results 2026 Summary of the quarter: • Return on equity 15.1% – earnings per share EUR 0.35. Nordea’s return on equity for the quarter was 15.1%, a solid performance amid seasonally more subdued activity levels. The cost-to-income ratio2 was 45.0% and earnings per share were EUR 0.35, both broadly stable year on year. • Income growth with strong cost performance. Total income was up 2% year on year. Net interest income was up 1% both year on year and quarter on quarter, with volume growth partly offset by lower lending margins. Net fee and commission income was up 9% year on year, driven by 14% growth in savings income. Net fair value result was down 19% due to extraordinary interest rate volatility. Costs excluding regulatory fees were flat when adjusted for foreign exchange effects. Operating profit was 4% lower at EUR 1.5bn. • Continued strong lending and deposit growth; AuM at record EUR 509bn. Corporate lending and deposit growth were strong, up 8% and 7%, respectively, year on year. Mortgage lending increased by 2%, driven by continued growth in Sweden and Norway. Retail deposits increased by 4% and assets under management (AuM) were up 13% at EUR 509bn. • Strong credit quality. Nordea’s credit quality is strong, with net loan losses and similar net result amounting to EUR 74m (7bp) for the quarter. Net loan losses were driven by individual provisions, mainly attributable to a small number of corporate customers, and a small increase in collective provisions. Loan losses remain well within the Group’s long term expectation of 10bp. • Continued strong capital generation. The CET1 ratio was 15.8% at the end of the quarter, 1.9 percentage points above the current regulatory requirement. This reflects Nordea’s strong capital position and capital generation. Nordea’s capital priorities remain unchanged. Nordea continues to generate capital and seek opportunities to deploy it for profitable growth, with excess capital subject to buy-back considerations. • Outlook for 2026: return on equity of greater than 15% and a cost-to-income ratio2 of 44–45%. Nordea has a strong and resilient business model, with a very well- diversified portfolio across the Nordic region. This enables the Group to support its customers and deliver high-quality earnings, with high profitability and low volatility, through the economic cycle. (For further viewpoints, see the CEO comment on page 2. The CET1 ratio includes interim profit net of a dividend deduction of 70% (the upper range under Nordea’s dividend policy), subject to ECB approval. For further information see page 14. For definitions, see page 54. ) Group quarterly results and key ratios Q3 20261 Q3 2026 Q3 2025 Chg % Q2 2026 Chg % Jan-Sep 2026 Jan-Sep 2025 Chg % EURm Net interest income 1,799 1,775 1 1,779 1 5,337 5,402 -1 Net fee and commission income 880 811 9 880 0 2,602 2,396 9 Net insurance result 79 66 20 78 1 226 178 27 Net fair value result 198 245 -19 281 -30 705 788 -11 Other income 12 13 -8 14 -14 40 31 29 Total operating income 2,968 2,910 2 3,032 -2 8,910 8,795 1 Total operating expenses excl. regulatory fees -1,335 -1,313 2 -1,335 0 -3,993 -3,927 2 Total operating expenses -1,353 -1,332 2 -1,363 -1 -4,091 -4,019 2 Profit before loan losses 1,615 1,578 2 1,669 -3 4,819 4,776 1 Net loan losses and similar net result -74 19 -61 -36 27 Operating profit 1,541 1,597 -4 1,608 -4 4,783 4,803 0 Cost-to-income ratio2, % 45.0 45.1 44.0 44.8 44.7 Return on equity with amortised regulatory fees, % 15.1 15.8 15.9 15.5 15.9 Return on tangible equity, % 17.6 18.3 18.4 17.8 18.2 Diluted earnings per share, EUR 0.35 0.36 -3 0.36 -3 1.07 1.06 1 1 Excluding items affecting comparability (EUR 190m in restructuring costs) booked in the first quarter of 2026. See page 5 for further details. 2 Excluding regulatory fees. For further information: Frank Vang-Jensen, President and Group CEO, +358 9 4245 1006 Ian Smith, Group CFO, +45 55 47 83 72 Ilkka Ottoila, Head of Investor Relations, +358 9 5300 7058 Ulrika Romantschuk, Head of Group Brand, Communication and Marketing, +358 10 416 8023 Nordea is a leading Nordic financial services group and the preferred choice for millions of customers across the region. For more than 200 years, we have proudly served as a trusted financial partner for individuals, families and businesses – enabling dreams and aspirations for a greater good. Our vision is to be the best-performing financial services group in the Nordics, accelerating through our scale, people and technology. The Nordea share i s listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges.

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Nordea Third-Quarter Financial Report 2026 2 Q3 CEO comment Nordea performed well again this quarter. We grew total income year on year, further expanded our customer base, deepened existing relationships and delivered strong growth in savings and investments in a seasonally slower quarter. Our 2030 strategy is on track, with clear progress made during the quarter. In Life & Pension we significantly grew our assets under management. In Sweden we continued to grow business volumes across both household and corporate segments, and have outpaced overall market growth over the past year. Our Nordic scale initiatives across core processes are delivering tangible results for customers: mortgage loan promises are now more automated and corporate lending has been further digitalised, enabling us to be more available for customers and fulfil their needs faster. Geopolitical uncertainty and volatility remain high. However, the global and Nordic economies continue to show resilience, supported by substantial investment in areas such as artificial intelligence, defence, infrastructure and energy transition. We expect continued economic growth, solid export performance and gradually improving household consumption in our home markets, with growth now also picking up in Finland. At the same time, we are mindful of the recent sharp rises in forward interest rates and the potential for higher rates to affect consumer confidence in the months to come. The resilience and growing confidence among Nordic businesses of all sizes was reflected in the strong momentum in our corporate lending and deposits during the quarter. Lending increased by 8% and deposits by 7% year on year. This growth shows the strength of our customer relationships and pan-Nordic franchise. The Nordic housing markets kept up their gradual recovery. Mortgage volumes rose by 2% year on year, driven especially by Sweden and Norway. Retail deposits increased by 4%. Demand for our savings and investment products was strong. Customers continued to invest through our funds and pension products, and we welcomed a significant number of new private banking customers during the quarter – driving positive net flows. Assets under management (AuM) increased by 13%, to a record high of EUR 509bn, with margins stable. Total income grew by 2% year on year, to EUR 3.0bn. Net fee and commission income increased by 9%, with savings income up 14%. Net interest income development was also positive, up 1% both year on year and quarter on quarter despite lower lending margins. Net fair value result was down 19% due to the extraordinary interest rate volatility late in the quarter, while customer activity was solid in the seasonally slower period. Costs were flat year on year excluding foreign exchange effects. We continue to invest heavily in strategic initiatives to drive efficiency and productivity across the business. In the third quarter the cost-to-income ratio was 45.0%, operating profit was EUR 1.5bn and return on equity was 15.1%. Credit and asset quality continue to be very strong. Net loan losses and similar net result corresponded to 7bp. Loan losses remained low, limited mainly to a small number of corporate customers and well within the Group’s long term expectation of around 10bp. In Personal Banking we continued to advance our strategic initiatives and delivered solid business growth. Mortgage and deposit volumes were up 2% and 4%, respectively, in local currencies year on year. In Sweden we continued to grow our mortgage market share, capturing 21% of the market growth in August year to date. Our strong savings advisory expertise, combined with better integration of savings and daily banking into the mortgage customer onboarding journey, drove continued strong savings inflows and deposit growth. Recurring savings inflows were up 14% year on year. We were also pleased to be named best bank and best digital bank in the Nordics in Euromoney’s Awards for Excellence. In Asset & Wealth Management we continued to drive strong income and AuM growth. In Private Banking, a strategic growth area, we made further good progress, with net flows amounting to EUR 0.9bn. Customer demand for our Private Banking offering is increasing – translating into strong growth in net fee and commission income. We also saw strong demand for our BetaPlus fund range, which is now one of Europe’s largest enhanced index platforms, with over EUR 100bn in AuM. Importantly, after seeing some outflows in the previous quarter, our wholesale distribution channel returned to positive net flows in the quarter. In Business Banking we maintained solid volume growth across our home markets: lending volumes were up 6% year on year and deposits were up 2%. We continued to enhance our digital offering, including through a faster, more automated onboarding process – advancing our ambition to become the leading digital financial hub for SMEs in the Nordics. Nordea Business won Global Finance’s awards for Best Corporate Digital Bank and Best Mobile Banking App in each of our four home markets: the fourth consecutive year that we have gained this recognition. In Large Corporates & Institutions customer engagement remained high in all markets and we drove further progress in our strategic growth areas: Sweden, Norway, cross-sales, and the infrastructure segment. Activity and client demand were solid over the seasonally quieter period, supporting year-on- year increases of 13% in both lending and deposit volumes and higher net fee and commission income. Our bond market activity remained high, and we helped customers raise capital and execute strategic transactions amid signs of improving sentiment in equity capital markets and mergers and acquisitions. Net fair value result was lower due to the extraordinary interest rate volatility late in the quarter. Our capital position is strong, with a CET1 ratio of 15.8%, and we continue to deploy capital for profitable growth. We enter the fourth quarter with good business momentum. Our strategy execution is progressing well across all key initiatives. Despite global uncertainty, geopolitical tensions and recent rate increases, the economies of our home markets are strong and resilient. Our customers are confident and continue to pursue growth opportunities – and with our Nordic scale, we are uniquely placed to support them with their plans. Our strong performance is reflected in our full-year 2026 guidance. We continue to expect a return on equity of greater than 15% and a cost-to-income ratio of 44–45%. Our ambition is to become the undisputed best-performing financial services group in the Nordics. Frank Vang-Jensen President and Group CEO

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Nordea Third-Quarter Financial Report 2026 3 Q3 Outlook (unchanged) Financial targets for 2030 Nordea targets a return on equity of greater than 15% throughout the period, and significantly higher in 2030, and a cost-to-income ratio1 of 40–42% in 2030. These targets will be supported by an annual net loan loss ratio of around 10bp and the continuation of Nordea’s well-established capital and dividend policies. Financial outlook for 20262 Nordea expects a return on equity of greater than 15% and a cost-to-income ratio1 of 44–45%. Capital policy A management buffer of 150bp above the regulatory CET1 requirement. Dividend policy Nordea’s dividend policy stipulates a dividend payout ratio of 60–70%, applicable to profit for the financial year. Nordea will continuously assess the opportunity to use share buy-backs as a tool to distribute excess capital. 1 Excluding regulatory fees. 2 Excluding EUR 190m in restructuring costs booked in the first quarter of 2026, which have been treated as an item affecting comparability.

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Nordea Third-Quarter Financial Report 2026 4 Q3 Table of contents Income statement ........................................................................................................................….5 Macroeconomy and financial markets .......................................................................................... 7 Group results and performance Third quarter 2026................................ ................................ ................................ ................................ ............. 8 Net interest income ................................ ................................ ................................ ........................ 8 Net fee and commission income ................................ ................................ ................................ ... 9 Net result from items at fair value ................................ ................................ ............................... 10 Total operating income ................................ ................................ ................................ ................ 10 Total expenses ................................ ................................ ................................ ............................. 11 Net loan losses and similar net result ................................ ................................ ........................ 12 Credit portfolio ................................ ................................ ................................ ............................. 12 Profit ................................ ................................ ................................ ................................ ............. 13 Capital position and risk exposure amount ................................ ................................ ................ 14 Balance sheet ................................ ................................ ................................ ............................... 16 Funding and liquidity operations ................................ ................................ ................................ 16 Market risk ................................ ................................ ................................ ................................ .... 16 Other information................................ ................................ ................................ ................................ ............ 17 Quarterly development, Group ...................................................................................................... 18 Business areas Financial overview by business area................................ ................................ ................................ ............. 19 Personal Banking................................ ................................ ................................ ................................ ............ 20 Asset & Wealth Management ................................ ................................ ................................ ......................... 23 Business Banking ................................ ................................ ................................ ................................ ........... 26 Large Corporates & Institutions................................ ................................ ................................ ..................... 29 Group functions ................................ ................................ ................................ ................................ .............. 31 Financial statements Nordea Group ................................ ................................ ................................ ................................ .................. 32 Notes to the financial statements ................................ ................................ ................................ .................. 37 Nordea Bank Abp ................................ ................................ ................................ ................................ ............ 55

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Nordea Third-Quarter Financial Report 2026 5 Q3 Income statement Excluding items affecting comparability1 Q3 Q3 Local Q2 Local Jan-Sep Jan-Sep Local 2026 2025 Chg % curr. % 2026 Chg % curr. % 2026 2025 Chg % curr. % EURm Net interest income 1,799 1,775 1 -2 1,779 1 2 5,337 5,402 -1 -4 Net fee and commission income 880 811 9 7 880 0 0 2,602 2,396 9 7 Net insurance result 79 66 20 18 78 1 3 226 178 27 25 Net result from items at fair value 198 245 -19 -11 281 -30 -29 705 788 -11 -3 Profit or loss from associated undertakings and joint ventures accounted for under the equity method 3 1 2 6 -3 -300 -300 Other operating income 9 12 -25 -25 12 -25 -18 34 34 0 -3 Total operating income 2,968 2,910 2 0 3,032 -2 -2 8,910 8,795 1 0 Staff costs -813 -806 1 0 -818 -1 0 -2,442 -2,407 1 0 Other expenses -357 -353 1 -1 -356 0 0 -1,070 -1,066 0 -2 Depreciation, amortisation and impairment charges of tangible and intangible assets -165 -154 7 6 -161 2 3 -481 -454 6 5 Total operating expenses excl. regulatory fees -1,335 -1,313 2 0 -1,335 0 0 -3,993 -3,927 2 0 + Regulatory fees -18 -19 -5 0 -28 -36 -32 -98 -92 7 5 Total operating expenses -1,353 -1,332 2 0 -1,363 -1 0 -4,091 -4,019 2 0 Profit before loan losses 1,615 1,578 2 1 1,669 -3 -3 4,819 4,776 1 -1 Net loan losses and similar net result -74 19 -489 -484 -61 21 18 -36 27 -233 -241 Operating profit 1,541 1,597 -4 -5 1,608 -4 -4 4,783 4,803 0 -2 Income tax expense -360 -369 -2 -4 -376 -4 -2 -1,126 -1,120 1 -1 Net profit for the period 1,181 1,228 -4 -6 1,232 -4 -4 3,657 3,683 -1 -2 1 Excluding the following item affecting comparability booked in the first quarter of 2026: a EUR 190m expense related to restr ucturing costs (EUR 144m after tax). Of this, EUR 168m comprised staff costs, EUR 19m comprised other expenses and EUR 3m comprised depreciation, amor tisation and impairment charges of tangible and intangible assets. Ratios and key figures1 Excluding items affecting comparability2 Q3 Q3 Q2 Jan-Sep Jan-Sep 2026 2025 Chg % 2026 Chg % 2026 2025 Chg % Diluted earnings per share (DEPS), EUR 0.35 0.36 -3 0.36 -3 1.07 1.06 1 EPS, rolling 12 months up to period end, EUR 1.42 1.39 2 1.43 -1 1.42 1.39 2 Share price3, EUR 17.48 13.98 25 16.60 5 17.48 13.98 25 Potential shares outstanding3, million 3,403 3,451 -1 3,403 0 3,403 3,451 -1 Weighted average number of diluted shares, million 3,396 3,451 -2 3,398 0 3,402 3,466 -2 Return on equity with amortised regulatory fees, % 15.1 15.8 -4 15.9 -5 15.5 15.9 -3 Return on equity, % 15.2 15.9 -4 16.0 -5 15.4 15.8 -3 Return on tangible equity, % 17.6 18.3 -4 18.4 -4 17.8 18.2 -2 Return on risk exposure amount, % 2.9 3.1 -6 3.0 -3 3.0 3.1 -3 Cost-to-income ratio4, % 45.0 45.1 -0.4 44.0 2.1 44.8 44.7 Net loan loss ratio incl. loans held at fair value, bp 7 -2 6 1 -1 Net interest margin, % 1.53 1.59 1.54 1.55 1.64 Number of employees (FTEs)3 28,376 29,386 -3 28,412 0 28,376 29,386 -3 1 For more detailed information regarding ratios and key figures defined as alternative performance measures, see https://www.nordea.com/en/investor-relations/reports-and-presentations/group-interim-reports. 2 Excluding the following item affecting comparability booked in the first quarter of 2026: a EUR 190m expense related to restr ucturing costs (EUR 144m after tax). Of this, EUR 168m comprised staff costs, EUR 19m comprised other expenses and EUR 3m comprised depreciation, amor tisation and impairment charges of tangible and intangible assets. 3 End of period. 4 Excluding regulatory fees. Business volumes, key items1 30 Sep 30 Sep Local 30 Jun Local 2026 2025 Chg % curr. % 2026 Chg % curr. % EURbn Loans to the public 399.6 375.3 6 6 395.6 1 1 Loans to the public excl. repos/securities borrowing 358.1 339.6 5 5 356.6 0 0 Deposits and borrowings from the public 259.0 226.0 15 14 255.7 1 1 Deposits from the public excl. repos/securities lending 232.7 216.0 8 7 231.6 0 0 Total assets 704.6 647.6 9 712.4 -1 Assets under management 509.4 452.4 13 504.7 1 1 End of period.

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Nordea Third-Quarter Financial Report 2026 6 Q3 Income statement Including items affecting comparability Q3 Q3 Local Q2 Local Jan-Sep Jan-Sep Local 2026 2025 Chg % curr. % 2026 Chg % curr. % 2026 2025 Chg % curr. % EURm Net interest income 1,799 1,775 1 -2 1,779 1 2 5,337 5,402 -1 -4 Net fee and commission income 880 811 9 7 880 0 0 2,602 2,396 9 7 Net insurance result 79 66 20 18 78 1 3 226 178 27 25 Net result from items at fair value 198 245 -19 -11 281 -30 -29 705 788 -11 -3 Profit or loss from associated undertakings and joint ventures accounted for under the equity method 3 1 2 6 -3 Other operating income 9 12 -25 -25 12 -25 -18 34 34 0 -3 Total operating income 2,968 2,910 2 0 3,032 -2 -2 8,910 8,795 1 0 Staff costs -813 -806 1 0 -818 -1 0 -2,610 -2,407 8 7 Other expenses -357 -353 1 -1 -356 0 0 -1,089 -1,066 2 0 Depreciation, amortisation and impairment charges of tangible and intangible assets -165 -154 7 6 -161 2 3 -484 -454 7 5 Total operating expenses excl. regulatory fees -1,335 -1,313 2 0 -1,335 0 0 -4,183 -3,927 7 5 Regulatory fees -18 -19 -5 0 -28 -36 -32 -98 -92 7 5 Total operating expenses -1,353 -1,332 2 0 -1,363 -1 0 -4,281 -4,019 7 5 Profit before loan losses 1,615 1,578 2 1 1,669 -3 -3 4,629 4,776 -3 -5 Net loan losses and similar net result -74 19 -489 -484 -61 21 18 -36 27 -233 -241 Operating profit 1,541 1,597 -4 -5 1,608 -4 -4 4,593 4,803 -4 -6 Income tax expense -360 -369 -2 -4 -376 -4 -2 -1,080 -1,120 -4 -5 Net profit for period 1,181 1,228 -4 -6 1,232 -4 -4 3,513 3,683 -5 -6 Ratios and key figures1 Including items affecting comparability Q3 Q3 Q2 Jan-Sep Jan-Sep 2026 2025 Chg % 2026 Chg % 2026 2025 Chg % EURm Diluted earnings per share (DEPS), EUR 0.35 0.36 -3 0.36 -3 1.03 1.06 -3 EPS, rolling 12 months up to period end, EUR 1.37 1.39 -1 1.38 -1 1.37 1.39 -1 Share price2, EUR 17.48 13.98 25 16.60 5 17.48 13.98 25 Equity per share2, EUR 9.21 9.16 1 9.17 0 9.21 9.16 1 Potential shares outstanding2, million 3,403 3,451 -1 3,403 0 3,403 3,451 -1 Weighted average number of diluted shares, million 3,396 3,451 -2 3,398 0 3,402 3,466 -2 Return on equity with amortised regulatory fees, % 15.2 15.8 16.0 14.9 15.9 Return on equity, % 15.3 15.9 16.0 14.9 15.8 Return on tangible equity, % 17.7 18.3 18.5 17.2 18.2 Return on risk exposure amount, % 2.9 3.1 3.0 2.9 3.1 Cost-to-income ratio excl. regulatory fees, % 45.0 45.1 44.0 46.9 44.7 Cost-to-income ratio, % 45.6 45.8 45.0 48.1 45.7 Net loan loss ratio incl. loans held at fair value, bp 7 -2 6 1 -1 Common Equity Tier 1 capital ratio2,3, % 15.8 15.9 15.7 15.8 15.9 Tier 1 capital ratio2,3, % 17.7 18.5 17.7 17.7 18.5 Total capital ratio2,3, % 20.3 21.1 20.9 20.3 21.1 Tier 1 capital2,3, EURbn 29.0 29.4 -1 28.7 1 29.0 29.4 -1 Risk exposure amount2, EURbn 163.9 158.4 3 162.5 1 163.9 158.4 3 Net interest margin, % 1.53 1.59 1.54 1.55 1.64 Number of employees (FTEs)2 28,376 29,386 -3 28,412 0 28,376 29,386 -3 Equity2, EURbn 31.3 31.5 -1 31.1 0 31.3 31.5 -1 1 For more detailed information regarding ratios and key figures defined as alternative performance measures, see https://www.nordea.com/en/investor-relations/reports-and-presentations/group-interim-reports. 2 End of period. 3 Capital ratios and capital amounts for the third quarter 2026 and second quarter 2026 include interim profit net of a dividen d deduction of 70% (the upper range under Nordea’s dividend policy), subject to ECB approval. Other quarters include interim profit net of dividend deducti on and with no deductions made for future share buybacks at the relevant reporting date. The regulatory CET1 ratio was 15.7% for the third quarter of 2 025. Further details on capital ratios and amounts on page 14 -15.

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Nordea Third-Quarter Financial Report 2026 7 Q3 Macroeconomy and financial markets1 Global Growth among the G20 countries remained steady at 0.7% quarter on quarter in the second quarter of 2026 according to the OECD. Growth slowed in China and the US while it picked up in the euro area. Activity indicators point to robust development in the third quarter of 2026, although energy prices remain elevated amid the ongoing war in the Middle East and financial conditions have tightened. Risks are on the downside due to geopolitical risks, trade tensions and elevated public debt. Both the Federal Reserve (Fed) and the European Central Bank (ECB) hiked their key interest rates by 25 basis points in the third quarter. The ECB’s deposit facility rate now stands at 2.50%, while the Fed’s federal funds rate stands at 4.00%. The ECB continued to reduce its financial asset holdings during the quarter. Interest rates on American and European benchmark government bonds ended the quarter higher across the entire yield curve as central banks turned more hawkish. The euro ended the quarter almost unchanged against the dollar, although there were significant fluctuations throughout the period. High earnings growth drove American stock markets higher in the third quarter despite concerns about the valuation of AI stocks and the unresolved conflict in the Middle East. The total return of the US S&P 500 index was 2.3% over the quarter. The STOXX Europe 600 fell by 0.7%, and the NASDAQ OMX Nordic 120 fell by 0.2%. Denmark Danish GDP increased by 0.9% quarter on quarter in the second quarter of 2026, primarily due to an expansion in exports and fixed investments, which both increased by 1.5%. When excluding the pharmaceutical industry, gross value added increased by 0.7% in the second quarter. Business sentiment increased in the third quarter, reaching its highest level since April 2022 in September. Employment is at a record-high level, and the unemployment rate was unchanged at 3.1% in August. House and apartment prices were up 8.4% and 16.1%, respectively, year on year in the second quarter. Year-on-year consumer price inflation stood at 2.2% in September. On 10 September Danmarks Nationalbank raised its monetary policy interest rates by 0.25 percentage points following a similar move by the ECB. The monetary policy spread relative to the euro area therefore remained unchanged. 1Source: Nordea Economic Research Finland Finnish GDP increased by 0.3% quarter on quarter in the second quarter of 2026. The growth was driven by higher exports and an increase in private investment, particularly in data centre development. After a slight pickup in the previous quarter, household consumption remained stable in the second quarter, while the household savings rate remained elevated. However, there has been an uptick in consumer confidence, which reached its long-term average level in August. There are early signs of recovery in the labour market, with the unemployment rate decreasing to 10.1% in August. Higher interest rates kept housing transactions at moderate levels in the second quarter, and housing prices were down 3.3% year on year in August. Harmonised consumer price inflation stood at 2.6% in September according to preliminary figures. Norway Norwegian mainland GDP increased by 0.3% quarter on quarter in the second quarter of 2026. The registered unemployment rate stood at 2.0% on a seasonally adjusted basis in September and has been more or less stable for the past two years. Housing prices were up 2.4% year on year in September. Consumer price inflation stood at 3.4% in September while underlying inflation, excluding energy and taxes, stood at 3.0%. Norges Bank raised its key policy rate to 4.5% from 4.25% in September. The Norwegian krone, which has so far this year fluctuated very much in line with oil prices, strengthened further in the third quarter. Sweden Swedish GDP rose by 1.6% quarter on quarter in the second quarter of 2026. The growth was broad based, with both domestic demand and exports rising. Employment growth has picked up after a soft patch at the beginning of the year according to the Labour Force Survey. The unemployment rate remained elevated at 8.9% in August as labour supply also increased. House and apartment prices were both up by 5.4% year on year in September. Year-on-year consumer price inflation (CPIF) stood at 1.5% in September according to preliminary figures. Sveriges Riksbank kept its policy rate unchanged at 1.75% in September but signalled that its monetary policy would likely be tightened before the end of the year. The trade-weighted Swedish krona weakened by 2.6% in the third quarter.

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Nordea Third-Quarter Financial Report 2026 8 Q3 Group results and performance Third quarter 2026 Net interest income Q3/Q3: Net interest income increased by 1%, driven by higher volumes and deposit margins. These were partly offset by lower lending margins and treasury-related items. Exchange rate effects had a positive impact of EUR 54m. Q3/Q2: Net interest income increased by 1%, driven by higher volumes and higher deposit margins due to policy rate hikes. These were partly offset by lower lending margins and treasury-related items. Exchange rate effects had a negative impact of approximately EUR 12m. Lending volumes Q3/Q3: Loans to the public excluding repurchase agreements and securities borrowing were up 5% in local currencies. Lending volumes in local currencies increased by 1% in Personal Banking and 6% in Business Banking. Lending volumes in Large Corporates & Institutions were up 13% in EUR. Q3/Q2: Loans to the public excluding repurchase agreements and securities borrowing were stable in local currencies. Lending volumes in local currencies were stable in Personal Banking and increased by 1% in Business Banking. Lending volumes in Large Corporates & Institutions increased by 1% in EUR. Deposit volumes Q3/Q3: Total deposits from the public excluding repurchase agreements and securities lending were up 7% in local currencies. Deposit volumes in local currencies increased by 4% in Personal Banking and 2% in Business Banking. Deposit volumes in Large Corporates & Institutions increased by 13% in EUR. Q3/Q2: Total deposits from the public excluding repurchase agreements and securities lending were stable in local currencies. Deposit volumes in local currencies were stable in both Personal Banking and Business Banking. Deposit volumes in Large Corporates & Institutions decreased by 1% in EUR. Net interest income per business area Local currency Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EURm Personal Banking 780 763 763 781 797 -2% 2% -3% 3% Asset & Wealth Management 74 72 72 68 71 4% 3% 3% 3% Business Banking 554 538 525 527 526 5% 3% 3% 3% Large Corporates & Institutions 350 338 326 317 326 7% 4% Group functions 41 68 73 72 55 Total Group 1,799 1,779 1,759 1,765 1,775 1% 1% -2% 2% Change in net interest income (NII) Q3/Q2 Q3/Q3 Jan-Sep 26/25 EURm NII beginning of period 1,779 1,775 5,402 Margin-driven NII 15 -103 -583 Lending margin -29 -121 -319 Deposit margin 37 24 -168 Cost of funds -7 -13 -42 Equity margin 14 7 -54 Volume-driven NII 20 76 235 Lending volume 13 54 167 Deposit volume 7 22 68 Day count 19 0 0 Other1,2 -34 51 283 NII end of period 1,799 1,799 5,337 1 of which foreign exchange -12 54 155 2 of which deposit hedge -11 -4 79

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Nordea Third-Quarter Financial Report 2026 9 Q3 Net fee and commission income Q3/Q3: Net fee and commission income was up 9%, driven by higher savings income and growth in payment and card fee income. Exchange rate effects were positive at EUR 9m. Q3/Q2: Net fee and commission income was flat, as higher savings income was offset by lower brokerage and advisory income and lower lending fee income. Exchange rate effects were negative at EUR 4m. Savings income Q3/Q3: Net fee and commission income from savings increased by 14%, driven by higher assets under management (AuM). Q3/Q2: Net fee and commission income from savings increased by 2%, driven by higher average AuM and a higher day count. These were partly offset by lower income due to semi-annual custody income in the second quarter. End-of-period total AuM increased by EUR 5bn, to EUR 509bn, and investment product AuM increased by EUR 3bn, to EUR 385bn, driven by both market performance and net flows. Net flows in investment products amounted to EUR 1.0bn and net flows in other assets were also positive at EUR 0.4bn. Brokerage and advisory income Q3/Q3: Net fee and commission income from brokerage and advisory decreased by 4%, mainly due to lower fee income in Debt Capital Markets. This was partly offset by higher income from secondary equities. Q3/Q2: Net fee and commission income from brokerage and advisory decreased by 22%, mainly due to seasonally lower customer activity. Payment and card income Q3/Q3: Net fee and commission income from payments and cards increased by 4%, mainly driven by higher card and cash management income due to higher customer activity. Q3/Q2: Net fee and commission income from payments and cards increased by 3%, mainly driven by seasonally higher card income. Lending and guarantee income Q3/Q3: Net fee and commission income from lending and guarantees decreased by 2%, mainly driven by lower mortgage refinancing activity. Q3/Q2: Net fee and commission income from lending and guarantees decreased by 6%, mainly driven by lower lending fee income and mortgage refinancing activity. Net fee and commission income per business area Local currency Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EURm Personal Banking 334 325 314 313 320 4% 3% 3% 3% Asset & Wealth Management 262 252 241 243 230 14% 4% 13% 4% Business Banking 167 175 162 152 154 8% -5% 7% -3% Large Corporates & Institutions 130 137 139 148 123 6% -5% Group functions -13 -9 -14 -3 -16 Total Group 880 880 842 853 811 9% 0% 7% 0% Net fee and commission income per category Local currency Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EURm Savings 552 539 503 528 483 14% 2% 14% 3% Brokerage and advisory 45 58 57 53 47 -4% -22% -2% -21% Payments and cards 163 158 156 153 157 4% 3% 3% 3% Lending and guarantees 126 134 127 125 129 -2% -6% -5% -5% Other -6 -9 -1 -6 -5 Total Group 880 880 842 853 811 9% 0% 7% 0% Assets under management (AuM), volumes and net flow Net flow Q326 Q226 Q126 Q425 Q325 Q326 EURbn Personal Banking 104.6 103.6 93.2 95.3 90.9 0.5 Asset & Wealth Management 196.2 195.2 179.9 180.9 173.6 0.9 Business Banking 36.5 36.4 32.7 32.6 31.0 0 Large Corporates & Institutions 48.0 47.4 44.1 43.9 42.9 -0.4 Investment product AuM 385.3 382.6 349.9 352.7 338.4 1.0 Other assets 124.1 122.1 114.4 119.9 114.0 0.4 Total AuM 509.4 504.7 464.3 472.6 452.4 1.4

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Nordea Third-Quarter Financial Report 2026 10 Q3 Net insurance result Q3/Q3: Net insurance result increased by 20%, driven by lower claims and a positive effect on Danish insurance products from higher investment result. Q3/Q2: Net insurance result increased by 1%, driven by lower claims and a positive effect on Danish insurance products from higher investment result. Net insurance result per business area Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 EURm Personal Banking 34 36 38 34 31 10% -6% Asset & Wealth Management 35 31 20 22 27 30% 13% Business Banking 11 10 10 8 7 57% 10% Large Corporates & Institutions 1 0 0 1 0 Group functions -2 1 1 -1 1 Total Group 79 78 69 64 66 20% 1% Net result from items at fair value Q3/Q3: Net result from items at fair value decreased by 19% due to extraordinary interest rate volatility late in the quarter. Customer activity remained high in foreign exchange and interest rate products as well as equities and securities financing. Q3/Q2: Net result from items at fair value decreased by 30%, primarily driven by extraordinary interest rate volatility late in the quarter. Overall customer activity was seasonally lower but remained high in foreign exchange and interest rate products as well as equities and securities financing. Net result from items at fair value per business area Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 EURm Personal Banking 16 18 8 20 15 7% -11% Asset & Wealth Management 0 17 20 9 8 Business Banking 96 110 113 106 93 3% -13% Large Corporates & Institutions 66 161 100 120 131 -50% -59% Group functions 20 -25 -15 2 -2 Total Group 198 281 226 257 245 -19% -30% Equity method Q3/Q3: Income from companies accounted for under the equity method was EUR 3m, up from EUR 1m. Q3/Q2: Income from companies accounted for under the equity method was EUR 3m, up from EUR 2m. Other operating income Q3/Q3: Other operating income was EUR 9m, down from EUR 12m. Q3/Q2: Other operating income was EUR 9m, down from EUR 12m. Total operating income per business area Local currency Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EURm Personal Banking 1,166 1,145 1,127 1,149 1,164 0% 2% -1% 2% Asset & Wealth Management 371 372 353 342 336 10% 0% 9% 0% Business Banking 835 844 817 799 792 5% -1% 4% 0% Large Corporates & Institutions 547 636 566 586 581 -6% -14% Group functions 49 35 47 72 37 Total Group 2,968 3,032 2,910 2,948 2,910 2% -2% 0% -2%

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Nordea Third-Quarter Financial Report 2026 11 Q3 Total operating expenses Q3/Q3: Costs excluding regulatory fees were flat when adjusted for foreign exchange effects. Salary inflation and higher amortisation were offset by strong cost management, while strategic investments remained at a high level. Exchange rate effects had a negative impact of EUR 16m. Q3/Q2: Total operating expenses were down 1% due to seasonally lower business activity. This was partly offset by higher amortisation. Exchange rate effects had a positive impact of EUR 7m. Staff costs Q3/Q3: Staff costs were flat when adjusted for foreign exchange effects, which drove a 1% increase. Annual salary inflation was mitigated by active cost management, including a reduction in the number of employees. Q3/Q2: Staff costs were flat when adjusted for foreign exchange effects. Other expenses Q3/Q3: Other expenses were down 1% when adjusted for foreign exchange effects. Including exchange rate effects, other expenses were up 1%. Q3/Q2: Other expenses were flat. Depreciation and amortisation Q3/Q3: Depreciation and amortisation increased by EUR 11m, mainly due to a higher run rate of asset and project amortisation. Q3/Q2: Depreciation and amortisation increased by EUR 4m, mainly due to a higher run rate of asset and project amortisation. Regulatory fees Q3/Q3: Regulatory fees amounted to EUR 18m, down from EUR 19m. Q3/Q2: Regulatory fees amounted to EUR 18m, down from EUR 28m, mainly due to the annual booking related to the Riksbank’s deposit requirement (EUR 8m) in the second quarter of 2026. FTEs Q3/Q3: The number of employees (FTEs) decreased by 3%, to 28,376, driven by continued efficiency and productivity improvements. Q3/Q2: The number of FTEs was stable. Total operating expenses Local currency Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EURm Staff costs -813 -818 -811 -827 -806 1% -1% 0% 0% Other expenses -357 -356 -357 -375 -353 1% 0% -1% 0% Depreciation -165 -161 -155 -160 -154 7% 2% 6% 3% Total Group excl. reg. fees -1,335 -1,335 -1,323 -1,362 -1,313 2% 0% 0% 0% Total Group excl. reg. fees incl. IAC -1,335 -1,335 -1,513 -1,362 -1,313 2% 0% 0% 0% Regulatory fees -18 -28 -52 -24 -19 -5% -36% 0% -32% Total Group -1,353 -1,363 -1,375 -1,386 -1,332 2% -1% 0% 0% Total Group incl. IAC1 -1,353 -1,363 -1,565 -1,386 -1,332 2% -1% 0% 0% 1 Items affecting comparability booked in the first quarter of 2026: a EUR 190m expense related to restructuring costs (EUR 144 m after tax). Total operating expenses per business area Local currency Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EURm Personal Banking -608 -600 -632 -578 -592 3% 1% 1% 2% Asset & Wealth Management -164 -163 -152 -164 -147 12% 1% 10% 1% Business Banking -371 -367 -382 -363 -366 1% 1% 0% 2% Large Corporates & Institutions -241 -245 -237 -235 -237 2% -2% Group functions 31 12 28 -46 10 Total Group -1,353 -1,363 -1,375 -1,386 -1,332 2% -1% 0% 0% Total Group incl. IAC1 -1,353 -1,363 -1,565 -1,386 -1,332 2% -1% 0% 0% 1 Items affecting comparability booked in the first quarter of 2026: a EUR 190m expense related to restructuring costs (EUR 144 m after tax). Exchange rate effects Q3/Q3 Q3/Q2 Jan-Sep 26/25 Percentage points Income 2 0 2 Expenses 1 -1 1 Operating profit 2 0 2 Loan and deposit volumes 1 0 1

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Nordea Third-Quarter Financial Report 2026 12 Q3 Net loan losses and similar net result Nordea’s credit quality remained strong in the third quarter. Net loan losses and similar net result amounted to EUR 74m (7bp), in line with expectations. Q326 Q226 Q126 Q425 Q325 Net loan losses and similar net result 1, EURm Net loan losses and similar net result -74 -61 99 -49 19 of which collectively calculated -15 0 159 40 89 of which individually calculated -59 -59 -73 -84 -64 of which similar net result2 0 -2 13 -5 -6 1 Positive amounts are net reversals. 2 Net result on loans in hold portfolios mandatorily held at fair value. Main drivers of loan losses and similar net result Loan losses were mainly limited to a small number of corporate customers. The losses reflect a small number of individual provisions as well as a limited increase in collective provisions. Total corporate provisions were largely in line with previous quarters. Loan losses in the household portfolio were consistent with recent quarters and were primarily related to write-offs, which were at a normal level. Total collective provisions increased by 3%, driven by the rating migration of a few customers and increased lending volumes, while overall credit quality remained solid. The macroeconomic outlook improved slightly during the quarter. The revaluation of the portfolio reported at fair value, primarily Nordea Kredit’s mortgage portfolio, resulted in no change. Net loan losses and similar net result amounted to EUR 39m in Large Corporates & Institutions, EUR 25m in Business Banking and EUR 11m in Personal Banking. There was a reversal of EUR 1m in Asset & Wealth Management. See notes 10 and 11 for further details. Credit portfolio Lending to the public excluding reverse repurchase agreements and securities borrowing amounted to EUR 358bn, up EUR 1bn on the previous quarter and stable in local currencies. Loans to the public measured at fair value excluding reverse repurchase agreements and securities borrowing amounted to EUR 52bn, down EUR 1bn on the previous quarter. The fair value portfolio mainly comprises Danish mortgage lending. Lending to the public measured at amortised cost before allowances increased to EUR 307bn in the third quarter from EUR 304bn in the second quarter. Of this, 94% was classified as stage 1 (unchanged from the previous quarter), 5% as stage 2 (unchanged from the previous quarter) and 1% as stage 3 (unchanged from the previous quarter). Quarter on quarter, stage 1 loans increased by 1%, stage 2 loans increased by 2% and stage 3 loans increased by 1%. The coverage ratio for stage 2 was 1.4%, down from 1.5% in the previous quarter, and for stage 3 was 30%, unchanged from the previous quarter. The fair value impairment rate was 0.50%, down from 0.52% in the previous quarter. Net loan loss ratio Q326 Q226 Q126 Q425 Q325 Basis points of loans, amortised cost 1 Net loan loss ratios, annualised, Group 9 8 -11 6 -3 of which stages 1 and 2 0 -1 -17 -3 -9 of which stage 3 9 9 6 9 6 Basis points of loans, total1,2 Net loan loss ratio including loans held at fair value, annualised, Group 7 6 -10 5 -2 Personal Banking total 2 8 -6 6 2 PeB Denmark 6 4 -27 -2 -1 PeB Finland 6 13 10 19 10 PeB Norway -1 5 -11 4 -6 PeB Sweden 1 9 4 6 4 Business Banking total 10 -1 -22 3 -11 BB Denmark 7 33 -48 13 -25 BB Finland 19 -17 -35 38 -19 BB Norway 19 -11 -24 -25 0 BB Sweden -1 -7 -1 0 -12 Large Corporates & Institutions total 15 12 -5 4 -1 LC&I Denmark 98 154 62 26 10 LC&I Finland 18 4 -62 4 20 LC&I Norway -6 -3 -35 -11 -42 LC&I Sweden 6 -22 -31 -9 -9 1 Negative amounts are net reversals. 2 Net loan losses and net result on loans in hold portfolios mandatorily held at fair value divided by total lending at amortised cost and at fair value, basis points.

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Nordea Third-Quarter Financial Report 2026 13 Q3 Profit Operating profit Q3/Q3: Operating profit decreased by 4%, to EUR 1,541m, mainly driven by loan losses and lower net fair value result. There had been a EUR 50m management judgement buffer release in the third quarter of 2025. Q3/Q2: Operating profit decreased by 4%, to EUR 1,541m, mainly driven by lower net fair value result. Taxes Q3/Q3: Income tax expense amounted to EUR 360m, down from EUR 369m, corresponding to a tax rate of 23.4%. Q3/Q2: Income tax expense amounted to EUR 360m, down from EUR 376m, corresponding to a tax rate of 23.4%. Net profit Q3/Q3: Net profit decreased by 4%, to EUR 1,181m. Return on equity was 15.2%, compared with 15.9%. Return on equity with amortised regulatory fees was 15.1%, compared with 15.8%. Q3/Q2: Net profit decreased by 4%, to EUR 1,181m. Return on equity was 15.2%, compared with 16.0%. Return on equity with amortised regulatory fees was 15.1%, compared with 15.9%. Q3/Q3: Diluted earnings per share were EUR 0.35, compared with EUR 0.36. Q3/Q2: Diluted earnings per share were EUR 0.35, compared with EUR 0.36. Operating profit per business area Local currency Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EURm Personal Banking 547 510 522 542 565 -3% 7% -4% 8% Asset & Wealth Management 208 209 207 174 189 10% 0% 9% 0% Business Banking 439 480 490 430 451 -3% -9% -4% -8% Large Corporates & Institutions 267 360 341 342 347 -23% -26% Group functions 80 49 74 25 45 Total Group 1,541 1,608 1,634 1,513 1,597 -4% -4% -5% -4% Total Group incl. items affecting comparability¹ 1,541 1,608 1,444 1,513 1,597 -4% -4% -5% -4% 1 Items affecting comparability booked in the first quarter of 2026: a EUR 190m expense related to restructuring costs (EUR 144 m after tax).

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Nordea Third-Quarter Financial Report 2026 14 Q3 Capital position1 and risk exposure amount Nordea maintained a strong CET1 capital ratio in line with its capital policy in the third quarter of 2026 (15.8%, compared with 15.7% in the second quarter). The Group’s CET1 capital increased by EUR 0.4bn, mainly due to profit generation net of dividend accrual and foreign exchange effects. The CET1 regulatory requirement increased to 13.9% in the third quarter from 13.8% in the second quarter. The risk exposure amount (REA) increased by EUR 1.4bn following a change in the capital treatment, from internal ratings-based to standardised, for one corporate portfolio, and rating migration. These were partly offset by capital relief from the launch of a new risk-sharing transaction, lower credit volumes and mix effects. In the third quarter Nordea implemented a correction to the scope of risk weight floors on mortgages in Sweden and Norway, which led to a EUR 0.8bn increase in the REA. The Group’s Tier 1 capital ratio remained stable at 17.7% in the third quarter. The total capital ratio decreased to 20.3%, primarily due to the call of one Tier 2 capital instrument. At the end of the third quarter CET1 capital amounted to EUR 25.9bn, Tier 1 capital amounted to EUR 29.0bn, and own funds amounted to EUR 33.2bn. The Group’s subordinated minimum requirements for own funds and eligible liabilities (MREL) ratio was 26.5% of the REA and 7.2% of the leverage ratio exposure (LRE), compared with the requirements of 23.0% of the REA and 6.2% of the LRE. The total MREL ratio was 35.0% of the REA and 9.4% of the LRE, compared with the requirements of 32.1% of the REA and 6.2% of the LRE. The leverage ratio increased to 4.8% in the third quarter from 4.6% in the second quarter. Capital ratios1 Q326 Q226 Q126 Q425 Q325 CET1 capital ratio, % 15.8 15.7 15.7 15.7 15.9 Tier 1 capital ratio, % 17.7 17.7 17.7 18.4 18.5 Total capital ratio, % 20.3 20.9 20.4 21.2 21.1 Risk exposure amount, EURbn 164 162 162 160 158 Common Equity Tier 1 capital ratio1, changes in the quarter 1 Capital ratios and capital amounts for the third quarter of 2026 and second quarter of 2026 include interim profit net of a dividend deduction of 70% (the upper range under Nordea’s dividend policy), subject to ECB approval. Other quarters include interim profit net of dividend deduction and with no deductions made for future share buybacks at the relevant reporting date. The regulatory CET1 ratio was 15.5% for the first quarter of 2026 and 15.7% for the third quarter of 2025. Capital and dividend policies Nordea maintains a strong capital position in line with its capital policy. Nordea targets a management buffer of 150bp above the regulatory CET1 requirement. This reflects Nordea’s strong capital generation and enables the Group to manage capital efficiently while maintaining a prudent buffer above requirements. Nordea’s ambition is to distribute 60– 70% of the net profit for the year to shareholders. Excess capital will be used for organic growth and strategic business acquisitions, as well as being subject to buy-back considerations. Mid-year dividend Based on the authorisation granted by the Annual General Meeting of 24 March 2026, the Board of Directors decided on 16 July 2026 on the distribution of a mid-year dividend of EUR 0.34 per share. The mid-year dividend was paid in August based on the annual accounts adopted for the financial year ended 31 December 2025. Regulatory developments On 30 September 2026 the Finnish Financial Supervisory Authority decided to reciprocate the amendments regarding the Danish systemic risk buffer for exposures to commercial real estate companies. The buffer will be maintained at 7% but with an increase in exempted exposures, which will reduce the Nordea Group’s CET1 requirement by approximately 2bp. The decision has been applicable since 30 September 2026. In 2025 Nordea submitted an application to the European Central Bank (ECB) for the approval of new internal ratings- based capital models for its non-retail lending portfolios. Nordea has been in active dialogue with the ECB regarding the application and the most recent discussions have indicated that additional conservatism in Nordea’s model outputs will be required, leading to an increase in the REA. The timing and impact of any supervisory decisions related to this matter remain subject to those discussions and Nordea understands that no decisions will be made before 2027. Nordea will pause share buy-backs pending clarification of the REA impact. There is no change in the risk or credit quality of the loan portfolios concerned.

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Nordea Third-Quarter Financial Report 2026 15 Q3 Risk exposure amount 30 Sep 30 Jun 30 Sep 2026 2026 2025 EURm Credit risk 120,716 119,887 123,945 IRB 107,538 107,717 111,184 - sovereign - corporate 63,055 64,391 58,678 - advanced 40,564 39,580 36,633 - foundation 22,491 24,811 22,045 - institutions 3,961 3,925 3,791 - retail 34,098 33,563 42,490 - items representing securitisation positions 3,402 3,082 3,375 - other 3,022 2,756 2,850 Standardised 13,178 12,170 12,761 - sovereign 228 196 232 - retail 4,264 4,305 5,143 - other 8,686 7,669 7,386 Credit valuation adjustment risk 498 434 591 Market risk 5,018 4,930 4,995 - trading book, internal approach 4,175 4,120 4,212 - trading book, standardised approach 843 810 783 - banking book, standardised approach Settlement risk Operational risk 22,665 22,665 21,125 Additional risk exposure amount related to Swedish and Norwegian RW floor due to Article 458 of the CRR 15,004 14,046 7,244 Additional risk exposure amount due to Article 3 of the CRR 494 471 Total 163,901 162,456 158,371 Summary of items included in own funds including result (Banking Group) 30 Sep 30 Jun 30 Sep 2026 2026 2025 EURm Calculation of own funds Equity in the consolidated situation 27,804 28,843 27,835 Profit for the period 3,512 2,332 3,687 Accrued dividend -1,305 -1,631 -2,578 Common Equity Tier 1 capital before regulatory adjustments 30,011 29,544 28,944 Deferred tax assets -7 -10 -17 Intangible assets -2,865 -2,856 -2,783 IRB provisions shortfall (-) -530 -538 -324 Pension assets in excess of related liabilities -335 -289 -262 Other items including buy-back deduction, net1 -403 -365 -404 Total regulatory adjustments to Common Equity Tier 1 capital -4,140 -4,058 -3,790 Common Equity Tier 1 capital (net after deduction) 25,871 25,486 25,1542 Additional Tier 1 capital before regulatory adjustments 3,152 3,226 4,213 Total regulatory adjustments to Additional Tier 1 capital -19 -20 -14 Additional Tier 1 capital 3,133 3,206 4,199 Tier 1 capital (net after deduction) 29,004 28,692 29,353 Tier 2 capital before regulatory adjustments 4,229 5,269 4,044 IRB provisions excess (+) Deductions for investments in insurance companies Other items, net -20 -15 -26 Total regulatory adjustments to Tier 2 capital -20 -15 -26 Tier 2 capital 4,209 5,254 4,018 Own funds (net after deduction) 33,213 33,946 33,371 1 Other items, net of reported excluding profit. -394 -365 -404 2 Further details on capital ratios and amounts on page 14. For the third quarter of 2025, the Group’s regulatory CET1 capital was EUR 24,904m, with corresponding effect on the other regulatory capital amounts.

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Nordea Third-Quarter Financial Report 2026 16 Q3 Balance sheet Balance sheet data Q326 Q226 Q126 Q425 Q325 EURbn Loans to credit institutions 5 4 3 4 7 Loans to the public 400 396 390 382 375 Derivatives 22 21 20 18 18 Interest-bearing securities 89 95 89 80 80 Other assets 189 196 177 170 168 Total assets 705 712 679 654 648 Deposits from credit institutions 38 40 40 34 48 Deposits from the public 259 256 241 243 226 Debt securities in issue 209 211 204 196 191 Derivatives 22 21 20 18 18 Other liabilities 146 153 144 131 133 Total equity 31 31 30 32 32 Total liabilities and equity 705 712 679 654 648 Funding and liquidity operations In the third quarter of 2026 Nordea issued approximately EUR 5.5bn in long-term funding (excluding Danish covered bonds and long-dated certificates of deposit), of which approximately EUR 4.0bn was issued in the form of covered bonds and EUR 1.5bn was issued as senior debt. Notable senior transactions during the quarter included a green CHF 200m 8-year senior preferred note, a EUR 750m 7-year senior preferred note and a NOK 6.4bn 6-year and 10-year dual-tranche senior preferred note. Covered bond transactions included a green NOK 8bn 5-year covered bond and a EUR 1.3bn 3-year and 7-year dual-tranche covered bond. At the end of the third quarter long-term funding accounted for approximately 73% of Nordea’s total wholesale funding. Short-term liquidity risk is measured using several metrics, including the liquidity coverage ratio (LCR). The Nordea Group’s combined LCR was 160% at the end of the third quarter. The liquidity buffer is composed of highly liquid central bank eligible securities and cash, as defined in the LCR regulation. At the end of the third quarter the liquidity buffer amounted to EUR 129bn, compared with EUR 131bn at the end of the second quarter. The net stable funding ratio (NSFR) measures long-term liquidity risk. At the end of the third quarter Nordea’s NSFR was 120.5%, compared with 120.6% at the end of the second quarter. Funding and liquidity data Q326 Q2261 Q126 Q4251 Q3251 Long-term funding portion 73% 75% 75% 76% 77% LCR total 160% 157% 150% 171% 146% LCR EUR 170% 179% 209% 262% 132% LCR USD 229% 186% 130% 209% 197% 1 Restatements due to COREP LCR resubmission. Market risk Market risk in the trading book measured by value at risk (VaR) was EUR 20.1m. Quarter on quarter, VaR increased by EUR 0.4m. Interest rate risk remained the main driver of VaR at the end of the third quarter of 2026. Trading book VaR continues to be driven by market risk related to Nordic and other Northern European exposures. Trading book Q326 Q226 Q126 Q425 Q325 EURm Total risk, VaR 20 20 24 43 41 Interest rate risk, VaR 19 21 24 44 40 Equity risk, VaR 7 3 4 2 9 Foreign exchange risk, VaR 2 3 3 4 3 Credit spread risk, VaR 7 5 5 5 5 Inflation risk, VaR 2 3 3 1 2 Diversification effect 46% 43% 36% 23% 30% Nordea share and credit ratings Nordea’s share price and credit ratings as at the end of the third quarter of 2026. Nasdaq STO (SEK) Nasdaq COP (DKK) Nasdaq HEL (EUR) 9/30/2024 119.60 78.84 10.59 12/31/2024 120.21 78.10 10.50 3/31/2025 127.70 87.60 11.77 6/30/2025 140.80 93.90 12.61 9/30/2025 154.30 103.95 13.98 12/31/2025 173.95 120.55 16.09 3/31/2026 161.05 110.35 14.68 6/30/2026 183.65 123.25 16.60 9/30/2026 198.20 130.95 17.48 Moody's Standard & Poor's Fitch Short Long Short Long Short Long P-1 Aa2 A-1+ AA- F1+ AA-

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Nordea Third-Quarter Financial Report 2026 17 Q3 Other information Changes in Nordea’s Group Leadership Team On 19 August 2026 Nordea announced changes to its Group Leadership Team, with appointments in Personal Banking and Business Banking and the merger of the Group Risk and the Group Compliance functions. Per Långsved, current Head of Nordea Life & Pension, was appointed the new Head of Personal Banking and a member of the Group Leadership Team effective as of 1 November 2026 following the decision by Sara Mella to step down from operational roles. Randi Marjamaa, current Head of Personal Banking Norway and Country Senior Executive in Norway, was appointed Deputy Head of Business Banking and a member of the Group Leadership Team effective as of 1 January 2027 at the latest. Group Risk and Group Compliance will be merged as of 1 January 2027. This will strengthen the coordination between the units and enable them to drive efficiency by leveraging shared technology and data capabilities to enhance risk oversight, while preserving the independent second-line role of Compliance. Mark Kandborg, current Chief Risk Officer (CRO) and Head of Group Risk, will assume the role of Head of the new unit Group Risk & Compliance and continue as the CRO and a member of the Group Leadership Team. Nahale Ståhl Hallengren, current Head of Group Financial Crime Compliance, was appointed the new Chief Compliance Officer effective as of 1 January 2027, reporting to the CRO and Head of Group Risk & Compliance, with reporting lines also to the Group CEO and the Board of Directors as regulations require. Jamie Graham will step down as Chief Compliance Officer and a member of the Group Leadership Team as of 31 December 2026. He will continue as a senior adviser until the end of March 2027. The appointments are pending regulatory approval. Closure of Nordea’s operations in Russia In accordance with its strategy, Nordea is focusing on its business in the Nordic region. This has entailed the Group winding down its operations in Russia. The liquidation of the remaining Russian subsidiary is pending finalisation. Shares As at 30 September 2026, the total shares registered were 3,403 million (31 December 2025: 3,434 million; 30 September 2025: 3,451 million). The number of own shares was 10.8 million (31 December 2025: 14.0 million; 30 September 2025: 11.9 million), which represents 0.3% (31 December 2025: 0.4%; 30 September 2025: 0.3%) of the total shares in Nordea. Each share represents one voting right.

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Nordea Third-Quarter Financial Report 2026 18 Q3 Quarterly development, Group Excluding items affecting comparability1 Q3 Q2 Q1 Q4 Q3 Jan-Sep Jan-Sep 2026 2026 2026 2025 2025 2026 2025 EURm Net interest income 1,799 1,779 1,759 1,765 1,775 5,337 5,402 Net fee and commission income 880 880 842 853 811 2,602 2,396 Net insurance result 79 78 69 64 66 226 178 Net result from items at fair value 198 281 226 257 245 705 788 Profit from associated undertakings and joint ventures accounted for under the equity method 3 2 1 1 1 6 -3 Other operating income 9 12 13 8 12 34 34 Total operating income 2,968 3,032 2,910 2,948 2,910 8,910 8,795 Staff costs -813 -818 -811 -827 -806 -2,442 -2,407 Other expenses -357 -356 -357 -375 -353 -1,070 -1,066 Depreciation, amortisation and impairment charges of tangible and intangible assets -165 -161 -155 -160 -154 -481 -454 Total operating expenses excl. regulatory fees -1,335 -1,335 -1,323 -1,362 -1,313 -3,993 -3,927 Regulatory fees -18 -28 -52 -24 -19 -98 -92 Total operating expenses -1,353 -1,363 -1,375 -1,386 -1,332 -4,091 -4,019 Profit before loan losses 1,615 1,669 1,535 1,562 1,578 4,819 4,776 Net loan losses and similar net result -74 -61 99 -49 19 -36 27 Operating profit 1,541 1,608 1,634 1,513 1,597 4,783 4,803 Income tax expense -360 -376 -390 -356 -369 -1,126 -1,120 Net profit for the period 1,181 1,232 1,244 1,157 1,228 3,657 3,683 Diluted earnings per share (DEPS), EUR 0.35 0.36 0.36 0.34 0.36 1.07 1.06 DEPS, rolling 12 months up to period end, EUR 1.41 1.42 1.41 1.39 1.39 1.41 1.39 1 Items affecting comparability booked in the first quarter of 2026: a EUR 190m expense related to restructuring costs (EUR 144 m after tax).

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Nordea Third-Quarter Financial Report 2026 19 Q3 Business areas Excluding items affecting comparability Personal Banking Asset & Wealth Management Business Banking Large Corporates & Institutions Group functions Nordea Group Q3 Q2 Q3 Q2 Q3 Q2 Q3 Q2 Q3 Q2 Q3 Q2 2026 2026 2026 2026 2026 2026 2026 2026 2026 2026 2026 2026 Chg EURm Net interest income 780 763 74 72 554 538 350 338 41 68 1,799 1,779 1% Net fee and commission income 334 325 262 252 167 175 130 137 -13 -9 880 880 0% Net insurance result 34 36 35 31 11 10 1 0 -2 1 79 78 1% Net result from items at fair value 16 18 0 17 96 110 66 161 20 -25 198 281 -30% Other income 2 3 0 0 7 11 0 0 3 0 12 14 -14% Total operating income 1,166 1,145 371 372 835 844 547 636 49 35 2,968 3,032 -2% Total operating expenses excl. regulatory fees -599 -588 -164 -162 -365 -361 -236 -241 29 17 -1,335 -1,335 0% Total operating expenses -608 -600 -164 -163 -371 -367 -241 -245 31 12 -1,353 -1,363 -1% Net loan losses and similar net result -11 -35 1 0 -25 3 -39 -31 0 2 -74 -61 Operating profit 547 510 208 209 439 480 267 360 80 49 1,541 1,608 -4% Cost-to-income ratio1, % 51 51 44 44 44 43 43 38 45 44 Return on allocated equity (RoAE)2,3,% 15 14 38 39 15 16 11 16 15 16 Allocated equity 11,302 11,017 1,672 1,646 9,109 9,123 7,158 7,282 2,049 2,076 31,290 31,144 0% Risk exposure amount (REA) 60,818 59,487 8,819 8,571 46,376 45,469 43,412 44,406 4,476 4,523 163,901 162,456 1% Number of employees (FTEs) 6,536 6,557 3,055 2,988 3,821 3,761 1,188 1,200 13,776 13,906 28,376 28,412 0% Volumes, EURbn4: Total lending 183.4 182.4 13.8 13.7 100.2 99.2 64.3 63.9 -3.6 -2.6 358.1 356.6 0% Total deposits 99.9 99.9 14.4 14.4 57.8 57.7 54.5 55.2 6.1 4.4 232.7 231.6 0% Investment product AuM 104.6 103.6 196.2 195.2 36.5 36.4 48.0 47.4 0 0.1 385.3 382.7 1% Restatement due to organisational changes. 1 Excluding regulatory fees. 2 With amortised regulatory fees. 3 Equal to return on equity (RoE) for the Nordea Group. 4 Excluding repurchase agreements and security lending/borrowing agreements. Personal Banking Asset & Wealth Management Business Banking Large Corporates & Institutions Group functions Nordea Group Jan-Sep Jan-Sep Jan-Sep Jan-Sep Jan-Sep Jan-Sep 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Chg EURm Net interest income 2,306 2,471 218 223 1,617 1,608 1,014 978 182 122 5,337 5,402 -1% Net fee and commission income 973 909 755 688 504 455 406 379 -36 -35 2,602 2,396 9% Net insurance result 108 86 86 69 31 21 1 0 0 2 226 178 27% Net result from items at fair value 42 51 37 38 319 304 327 397 -20 -2 705 788 -11% Other income 9 4 0 -1 25 31 1 1 5 -4 40 31 29% Total operating income 3,438 3,521 1,096 1,017 2,496 2,419 1,749 1,755 131 83 8,910 8,795 1% Total operating expenses excl. regulatory fees -1,784 -1,752 -476 -449 -1,096 -1,076 -709 -695 72 45 -3,993 -3,927 2% Total operating expenses -1,840 -1,803 -479 -452 -1,120 -1,097 -723 -707 71 40 -4,091 -4,019 2% Net loan losses and similar net result -19 2 7 0 33 2 -58 19 1 4 -36 27 Operating profit 1,579 1,720 624 565 1,409 1,324 968 1,067 203 127 4,783 4,803 0% Cost-to-income ratio1, % 52 50 43 44 44 44 41 40 45 45 Return on allocated equity (RoAE)2,3,% 15 16 38 34 16 16 14 17 16 16 Allocated equity 11,302 10,884 1,672 1,734 9,109 8,682 7,158 6,740 2,049 3,480 31,290 31,520 -1% Risk exposure amount (REA) 60,818 61,498 8,819 8,618 46,376 42,945 43,412 40,516 4,476 4,794 163,901 158,371 3% Number of employees (FTEs) 6,536 6,726 3,055 3,029 3,821 3,843 1,188 1,223 13,776 14,565 28,376 29,386 -3% Volumes, EURbn4: Total lending 183.4 179.4 13.8 13.0 100.2 93.8 64.3 56.9 -3.6 -3.5 358.1 339.6 5% Total deposits 99.9 95.6 14.4 13.6 57.8 56.1 54.5 48.1 6.1 2.6 232.7 216.0 8% Investment product AuM 104.6 90.9 196.2 173.6 36.5 31.0 48.0 42.9 0 0.6 385.3 339.0 14% Restatement due to organisational changes. 1 Excluding regulatory fees. 2 With amortised regulatory fees. 3 Equal to return on equity (RoE) for the Nordea Group. 4 Excluding repurchase agreements and security lending/borrowing agreements.

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Nordea Third-Quarter Financial Report 2026 20 Q3 Personal Banking Introduction In Personal Banking we offer household customers easy and convenient everyday banking and advice for all stages of life. We are committed to supporting their financial well-being with a comprehensive and attractive range of financial products and services, along with a great customer experience. Business development In the third quarter we continued to advance our strategic initiatives and delivered solid business growth. Total lending volumes increased by 1% in local currencies year on year, with mortgage lending up 2%. Deposit volumes were up 4%. Customer savings and investment activity remained at high levels. Investment product assets under management increased by 15% and recurring savings inflows continued to grow, increasing by 14%. Execution of our 2030 strategy continued to gain momentum across our key growth areas: Sweden, Norway and cross- sales. In Sweden we drove continued momentum in mortgages, capturing 21% of the market growth year to date in August. In Norway we delivered a 20% year-on-year increase in savings fee income, supported by our strong savings advisory expertise and better integration of savings and daily banking into the onboarding journey for new mortgage customers. To support cross-sales, we continued to broaden the range of savings and investment opportunities available for customers, including by scaling our new Nordic index fund and introducing a new thematic offering for active and self-driven investors. We also strengthened collaboration across the Group to deepen relationships with the employees of our corporate customers. We continue to invest in digital experiences that simplify everyday banking, strengthen customer engagement and support long-term financial well-being. In the third quarter we introduced a dedicated payments tab in our digital channels consolidating payment services and flows in one intuitive view. In Sweden we launched a new digital onboarding journey, making it even easier and faster for customers to join Nordea. Customer use of our digital services again increased: app users and logins were both up 2% year on year. Customer adoption of our digital self-service features also grew, with 81% of fund investments and 84% of new monthly savings plans initiated through digital channels during the quarter. In July we were named best bank and best digital bank in the Nordics in Euromoney’s Awards for Excellence 2026. The awards recognise our strong performance across the region and our continued progress in delivering simple, secure and personalised digital banking experiences. Our 2030 financial targets are a return on allocated equity (RoAE) of greater than 19% and a cost-to-income ratio1 of below 43%. Financial outcome Total income in the third quarter was broadly stable year on year, with growth in fee and insurance income fully offsetting lower net interest income driven by lending margin pressure. Quarter on quarter, total income increased by 2%, supported by net interest income growth and continued savings and insurance income momentum. Net interest income decreased by 2% year on year, primarily driven by lower lending margins due to the impact of the Norwegian notice period and competitive pressures. The lower lending margins were partly offset by higher deposit margins and higher deposit and lending volumes. Quarter on quarter, net interest income was up 2%. Net fee and commission income increased by 4% year on year, mainly driven by a 12% increase in savings income. Net insurance result increased by 10%, mainly driven by lower claims for Swedish protection products. Total expenses excluding foreign exchange effects were up 1% year on year, mainly driven by salary inflation, which was partly offset by continued productivity gains across the business. The cost-to-income ratio1 was 51%, compared with 50% a year ago. Net loan losses and similar net result amounted to EUR 11m or 2bp, in line with expectations, compared with a net loss of EUR 7m last year. Operating profit decreased by 3% year on year, to EUR 547m, driven by higher expenses. RoAE with amortised regulatory fees was 15%. Personal Banking Denmark Net interest income decreased by 5% in local currency year on year, primarily driven by lower lending margins following planned repricing. These were partly offset by higher deposit income. Quarter on quarter, net interest income was down 3% due to a planned repricing of the housing loan portfolio taking full effect in the third quarter. Lending volumes decreased by 2% in local currency year on year. Deposit volumes increased by 6%. Net fee and commission income decreased by 14% in local currency year on year, mainly driven by lower lending fee income. Net loan losses and similar net result amounted to EUR 6m (6bp). Personal Banking Finland Net interest income increased by 8% year on year, driven by higher deposit volumes and margins. These were partly offset by lower lending margins. Quarter on quarter, net interest income increased by 7%. Lending volumes were stable year on year, while deposit volumes increased by 3%, driven by higher demand for fixed- term deposits. Net fee and commission income increased by 4% year on year. Net loan losses and similar net result amounted to EUR 6m (6bp).

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Nordea Third-Quarter Financial Report 2026 21 Q3 Personal Banking Norway Net interest income decreased by 17% in local currency year on year, driven by lower lending margins, including the impact of the notice period following rate changes. These were partly offset by higher deposit margins and increased mortgage and deposit volumes. Quarter on quarter, net interest income increased by 5%. Lending volumes increased by 2% in local currency year on year. Deposit volumes increased by 9%. The growth was driven by active measures to build the deposit base, from existing and new customers, and was also supported by strong Norwegian market momentum. Net fee and commission income increased by 20% in local currency year on year, driven by a 20% increase in savings income, reflecting good progress on our strategic priority to deepen customer relationships. Net loan losses and similar net result amounted to a net reversal of EUR 1m. Personal Banking Sweden Net interest income decreased by 1% in local currency year on year, driven by lower deposit and lending margins. These were partly offset by higher deposit and lending volumes. Quarter on quarter, net interest income increased by 7%. Lending volumes increased by 5% in local currency year on year. Deposit volumes increased by 3%. Net fee and commission income increased by 15% year on year, driven by higher savings income and higher payment and card fee income. Net loan losses and similar net result amounted to EUR 1m (1bp). Personal Banking total Chg Chg local curr. Jan- Sep 26 Jan- Sep 25 Chg Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EUR Local curr. EURm Net interest income 780 763 763 781 797 -2% 2% -3% 3% 2,306 2,471 -7% -8% Net fee and commission income 334 325 314 313 320 4% 3% 3% 3% 973 909 7% 6% Net insurance result 34 36 38 34 31 10% -6% 9% 0% 108 86 26% 22% Net result from items at fair value 16 18 8 20 15 7% -11% 0% -18% 42 51 -18% -20% Other income 2 3 4 1 1 9 4 Total income 1,166 1,145 1,127 1,149 1,164 0% 2% -1% 2% 3,438 3,521 -2% -4% Total expenses excl. regulatory fees -599 -588 -597 -568 -582 3% 2% 1% 2% -1,784 -1,752 2% 0% Total expenses -608 -600 -632 -578 -592 3% 1% 1% 2% -1,840 -1,803 2% 0% Profit before loan losses 558 545 495 571 572 -2% 2% -3% 3% 1,598 1,718 -7% -8% Net loan losses and similar net result -11 -35 27 -29 -7 -19 2 Operating profit 547 510 522 542 565 -3% 7% -4% 8% 1,579 1,720 -8% -9% Cost-to-income ratio1, % 51 51 53 49 50 52 50 Return on allocated equity2, % 15 14 16 15 16 15 16 Allocated equity 11,302 11,017 10,838 10,738 10,884 4% 3% 11,302 10,884 4% Risk exposure amount (REA) 60,818 59,487 60,678 61,792 61,498 -1% 2% 60,818 61,498 -1% Number of employees (FTEs) 6,536 6,557 6,561 6,593 6,726 -3% 0% 6,536 6,726 -3% Volumes, EURbn: Mortgage lending 169.6 168.6 168.5 166.6 165.1 3% 1% 2% 0% 169.6 165.1 3% 2% Other lending 13.8 13.8 13.9 14.1 14.3 -3% 0% -3% 0% 13.8 14.3 -3% -3% Total lending 183.4 182.4 182.5 180.8 179.4 2% 1% 1% 0% 183.4 179.4 2% 1% Total deposits 99.9 99.9 97.2 96.2 95.6 4% 0% 4% 0% 99.9 95.6 4% 4% Investment product AuM 104.6 103.6 93.2 95.3 90.9 15% 1% 104.6 90.9 15% 1 Excluding regulatory fees. 2 With amortised regulatory fees.

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Nordea Third-Quarter Financial Report 2026 22 Q3 Personal Banking Chg Chg local curr. Jan- Sep 26 Jan- Sep 25 Chg Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EUR Local curr. Net interest income, EURm PeB Denmark 210 215 215 218 221 -5% -2% -5% -3% 640 673 -5% -5% PeB Finland 215 201 194 202 199 8% 7% 8% 7% 610 617 -1% -1% PeB Norway 118 113 118 119 131 -10% 4% -17% 5% 349 417 -16% -21% PeB Sweden 238 229 232 236 241 -1% 4% -1% 7% 699 745 -6% -8% Other -1 5 4 6 5 8 19 Total 780 763 763 781 797 -2% 2% -3% 3% 2,306 2,471 -7% -8% Net fee and commission income, EURm PeB Denmark 82 85 86 87 95 -14% -4% -14% -4% 253 255 -1% -1% PeB Finland 82 81 78 79 79 4% 1% 4% 1% 241 235 3% 3% PeB Norway 45 41 36 33 35 29% 10% 20% 11% 122 101 21% 14% PeB Sweden 128 121 115 115 111 15% 6% 15% 8% 364 324 12% 10% Other -3 -3 -1 -1 0 -7 -6 Total 334 325 314 313 320 4% 3% 3% 3% 973 909 7% 6% Net loan losses and similar net result, EURm PeB Denmark -6 -4 29 2 1 19 7 PeB Finland -6 -12 -9 -18 -9 -27 -17 PeB Norway 1 -6 12 -4 6 7 16 PeB Sweden -1 -13 -5 -8 -5 -19 -5 Other 1 0 0 -1 0 1 1 Total -11 -35 27 -29 -7 -19 2 Volumes, EURbn Personal Banking Denmark Mortgage lending 40.8 41.0 41.1 41.5 41.5 -2% 0% -2% -1% 40.8 41.5 -2% -2% Other lending 1.5 1.5 1.6 1.6 1.7 -12% 0% -12% -1% 1.5 1.7 -12% -12% Total lending 42.3 42.5 42.7 43.1 43.2 -2% 0% -2% -1% 42.3 43.2 -2% -2% Total deposits 24.5 24.5 23.8 23.6 23.1 6% 0% 6% 0% 24.5 23.1 6% 6% Personal Banking Finland Mortgage lending 31.6 31.6 31.6 31.6 31.7 0% 0% 0% 0% 31.6 31.7 0% 0% Other lending 6.2 6.1 6.1 6.1 6.1 2% 2% 2% 0% 6.2 6.1 2% 2% Total lending 37.8 37.7 37.7 37.7 37.8 0% 0% 0% 0% 37.8 37.8 0% 0% Total deposits 28.1 28.0 27.4 27.2 27.4 3% 0% 3% 0% 28.1 27.4 3% 3% Personal Banking Norway Mortgage lending 44.1 42.2 42.0 39.7 40.1 10% 5% 3% 1% 44.1 40.1 10% 3% Other lending 1.6 1.5 1.6 1.5 1.5 7% 7% 0% 7% 1.6 1.5 7% 0% Total lending 45.7 43.7 43.6 41.2 41.6 10% 5% 2% 1% 45.7 41.6 10% 2% Total deposits 17.4 16.7 15.9 14.8 15.0 16% 4% 9% 1% 17.4 15.0 16% 9% Personal Banking Sweden Mortgage lending 53.2 53.8 53.9 53.9 51.9 3% -1% 5% 1% 53.2 51.9 3% 5% Other lending 2.8 2.9 2.8 2.9 2.9 -3% -3% 0% 0% 2.8 2.9 -3% 0% Total lending 56.0 56.7 56.7 56.8 54.8 2% -1% 5% 1% 56.0 54.8 2% 5% Total deposits 28.6 29.4 28.9 29.1 28.5 0% -3% 3% 0% 28.6 28.5 0% 3% Run-off products reported gross Other lending 1.7 1.8 1.9 2.0 2.1 -19% -6% 1.7 2.1 -19% Total lending 1.7 1.8 1.9 2.0 2.1 -19% -6% 1.7 2.1 -19% Total deposits 1.2 1.3 1.3 1.4 1.5 -20% -8% 1.2 1.5 -20%

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Nordea Third-Quarter Financial Report 2026 23 Q3 Asset & Wealth Management Introduction In Asset & Wealth Management we provide Nordic private banking customers and international institutional and wholesale customers with market-leading products and services. Asset & Wealth Management also includes the product and specialist units Asset Management and Life & Pension. Business development In the third quarter we continued to drive solid growth in income and assets under management (AuM). Customer acquisition remained high and we secured net flows of EUR 0.9bn. Private Banking momentum was strong across markets, with robust AuM growth and a 17% increase in net fee and commission income. The growth was driven by strong customer acquisition and net flows as well as market performance. Private banking net flows for the quarter totalled EUR 0.9bn amid increased customer interactions and acquisition. Wholesale distribution net flows returned to positive at EUR 0.5bn, supported by net inflows in each month of the quarter, while the international institutional channel saw some outflows. Overall investment performance was solid, with 79% of aggregated composites providing excess return on a three- year basis. Our Empower Europe fund – focused on strengthening Europe’s resilience – continued to perform very well and had attracted a total of over EUR 920m in AuM by the quarter’s end. We continued to progress with our strategic ambition to deliver leading digital savings and investment experiences. During the quarter we further strengthened our digital offering, making investing more intuitive and straightforward for customers. We introduced an interactive portfolio allocation overview, enabling customers to better understand and monitor their investments, and a modernised instrument chart providing clearer insights into market performance. We also made it easier for customers to find suitable funds for their investment goals, and simplified the creation of investment alerts, making it easier for them to track market movements and opportunities. In Life & Pension we sustained strong momentum across markets and reached EUR 116bn in AuM, up 20% year on year, further strengthening our leading position in the Nordic pensions market. Gross written premiums in the quarter amounted to EUR 3.3bn, up from EUR 2.9bn a year ago. Our premium market share remained above the AuM market share in all countries, indicating market share gains. Our 2030 strategy execution is progressing well, supported by high business activity and external recognition. We are driving strong growth in Life & Pension and Private Banking, and remain focused on delivering a strong customer offering. Demand for our investment grade strategies and BetaPlus fund range is growing. The BetaPlus range is one of Europe’s largest enhanced index platforms, with more than EUR 100bn in AuM. These systematic strategies offer investors the diversification and cost benefits of index investing and are available in both traditional and sustainable versions, with different risk-return profiles. We have also launched a new fund, Empower Longer Life, built around one of the most visible and enduring structural trends of our time: increasing longevity. Our 2030 financial targets are a return on allocated equity (RoAE) of greater than 40% and a cost-to-income ratio1 of below 36%. Financial outcome Total income in the third quarter was up 10% year on year, driven by higher net fee and commission income and higher net insurance result. Net interest income was up 4% year on year, driven by higher interest rates. Net fee and commission income was up 14% year on year, supported by continued strong customer acquisition, positive net flows and market performance. Net insurance result amounted to EUR 35m, compared with EUR 27m a year ago. The increase was driven by a positive result for Norwegian insurance products. Net result from items at fair value amounted to EUR 0m, compared with EUR 8m a year ago. The decrease was driven by lower return on shareholders’ equity portfolios. Total expenses increased by 12% year on year, reflecting investments in strategic growth initiatives and normal quarterly fluctuations in business support costs together with higher marketing and consultancy costs. The cost-to-income ratio1 was 44%, compared with 43% a year ago. Net loan losses and similar net result amounted to a net reversal of EUR 1m, compared with EUR 0m in the same quarter last year. Operating profit was EUR 208m, up 10% year on year. RoAE with amortised regulatory fees was 38%.

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Nordea Third-Quarter Financial Report 2026 24 Q3 Asset & Wealth Management total Chg Chg local curr. Jan- Sep 26 Jan- Sep 25 Chg Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EUR Local curr. EURm Net interest income 74 72 72 68 71 4% 3% 3% 3% 218 223 -2% -4% Net fee and commission income 262 252 241 243 230 14% 4% 13% 4% 755 688 10% 9% Net insurance result 35 31 20 22 27 30% 13% 22% 10% 86 69 25% 20% Net result from items at fair value 0 17 20 9 8 -78% -88% 37 38 -3% -3% Other income 0 0 0 0 0 0 -1 Total income 371 372 353 342 336 10% 0% 9% 0% 1,096 1,017 8% 7% Total expenses excl. regulatory fees -164 -162 -150 -164 -146 12% 1% 11% 1% -476 -449 6% 5% Total expenses -164 -163 -152 -164 -147 12% 1% 10% 1% -479 -452 6% 5% Profit before loan losses 207 209 201 178 189 10% -1% 8% -1% 617 565 9% 8% Net loan losses and similar net result 1 0 6 -4 0 7 0 Operating profit 208 209 207 174 189 10% 0% 9% 0% 624 565 10% 10% Cost-to-income ratio1, % 44 44 42 48 43 43 44 Return on allocated equity2, % 38 39 38 30 33 38 34 Allocated equity 1,672 1,646 1,625 1,764 1,734 -4% 2% 1,672 1,734 -4% Risk exposure amount (REA) 8,819 8,571 8,377 9,025 8,618 2% 3% 8,819 8,618 2% Number of employees (FTEs) 3,055 2,988 2,994 2,953 3,029 1% 2% 3,055 3,029 1% Volumes, EURbn: Investment product AuM 196.2 195.2 179.9 180.9 173.6 13% 1% 196.2 173.6 13% Total lending 13.8 13.7 13.4 13.2 13.0 6% 1% 5% 1% 13.8 13.0 6% 5% Total deposits 14.4 14.4 13.9 14.1 13.6 6% 0% 5% -1% 14.4 13.6 6% 5% 1 Excluding regulatory fees. 2 With amortised regulatory fees. Assets under management (AuM), volumes and net flow Net flow Q326 Q226 Q126 Q425 Q325 Q326 Jan- Sep 26 EURbn Private Banking 75.2 73.5 65.7 65.6 62.5 0.9 3.2 International institutions 29.4 30.7 30.7 31.2 29.9 -0.5 -3.2 Wholesale distribution 43.4 43.6 40.0 40.5 39.1 0.5 0.5 Other 48.2 47.4 43.5 43.6 42.1 0 0.3 Investment product AuM 196.2 195.2 179.9 180.9 173.6 0.9 0.8 Chg Jan- Sep 26 Jan- Sep 25 Chg Net interest income Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 EURm PB Denmark 24 24 23 24 24 0% 0% 71 71 0% PB Finland 18 18 17 17 17 6% 0% 53 52 2% PB Norway 11 10 10 10 11 0% 10% 31 32 -3% PB Sweden 16 16 15 16 16 0% 0% 47 50 -6% Other 5 4 7 1 3 0% 0% 16 18 0% Total 74 72 72 68 71 4% 3% 218 223 -2% Chg Jan- Sep 26 Jan- Sep 25 Chg Net fee and commission income Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 EURm PB Denmark 56 58 53 57 51 10% -3% 167 154 8% PB Finland 50 50 47 45 44 14% 0% 147 128 15% PB Norway 18 17 19 16 14 29% 6% 54 43 26% PB Sweden 45 42 39 39 35 29% 7% 126 102 24% Institutional and wholesale distribution 83 76 75 82 79 5% 9% 234 233 0% Other 10 9 8 4 7 43% 11% 27 28 -4% Total 262 252 241 243 230 14% 4% 755 688 10%

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Nordea Third-Quarter Financial Report 2026 25 Q3 Chg Jan- Sep 26 Jan- Sep 25 Private Banking Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Chg Lending, EURbn PB Denmark 4.5 4.5 4.5 4.4 4.4 2% 0% 4.5 4.4 2% PB Finland 2.6 2.6 2.6 2.6 2.6 0% 0% 2.6 2.6 0% PB Norway 2.9 2.8 2.7 2.6 2.5 16% 4% 2.9 2.5 16% PB Sweden 3.8 3.8 3.6 3.6 3.5 9% 0% 3.8 3.5 9% Private Banking 13.8 13.7 13.4 13.2 13.0 6% 1% 13.8 13.0 6% AuM1, EURbn PB Denmark 43.0 42.8 38.8 39.4 37.7 14% 0% 43.0 37.7 14% PB Finland 58.2 53.3 48.9 49.4 45.9 27% 9% 58.2 45.9 27% PB Norway 18.3 17.7 17.3 17.5 16.9 8% 3% 18.3 16.9 8% PB Sweden 49.1 47.9 43.5 45.4 43.4 13% 3% 49.1 43.4 13% Private Banking 168.6 161.7 148.5 151.7 143.9 17% 4% 168.6 143.9 17% 1 Includes investment product AuM and other assets. Asset Management - AuM and net flow Chg Jan- Sep 26 Jan- Sep 25 Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Chg EURbn AuM, total 354.7 352.7 321.7 324.9 311.4 14% 1% 354.7 311.4 14% - of which ESG AuM1 262.3 261.2 238.9 239.8 229.1 14% 0% 262.3 229.1 14% Net inflow, total 1.4 -1.2 1.6 4.4 3.2 1.8 11.3 - of which ESG net inflow1 0.5 -1.8 2.2 3.8 -2.2 0.9 7.5 1 Articles 8 and 9 of the Sustainable Finance Disclosure Regulation. Life & Pension Chg Jan- Sep 26 Jan- Sep 25 Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Chg EURm Total AuM, EURbn 115.8 113.1 101.8 101.6 96.9 20% 2% 115.8 96.9 20% - of which NCI generating 79.0 76.9 68.1 67.6 64.0 23% 3% 79.0 64.0 23% Total net flow 1,085 1,632 1,737 1,392 1,321 -18% -34% 1,085 1,321 -18% - of which NCI generating 1,054 1,496 1,459 1,119 1,237 -15% -30% 1,054 1,237 -15% Product income Net fee and commission income 97 92 84 86 79 23% 5% 97 79 23% Net insurance result 80 77 69 64 66 21% 4% 80 66 21% Total product result 177 169 153 150 145 22% 5% 177 145 22%

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Nordea Third-Quarter Financial Report 2026 26 Q3 Business Banking Introduction In Business Banking we provide small and medium-sized enterprises (SMEs) with banking and advisory products and services both online and in person. Business Banking also includes the product and specialist units Transaction Banking and Nordea Finance, which provide payment and transaction services and asset-based lending and receivables finance, respectively. We are a trusted financial partner, providing competent advice and developing digital solutions to support sustainable growth for our customers. Business development In the third quarter we maintained solid volume growth and continued to enhance our customer offering. Lending volumes increased by 6% in local currencies year on year and deposit volumes were up 2%. Our 2030 strategy execution continued to progress well, with strong momentum maintained across our key growth areas during the quarter. Lending increased in all markets: volumes in local currencies grew by 8% in Sweden, 7% in Norway and 6% in Denmark year on year, and continued to pick up in Finland. Ancillary income increased, driven by an 8% year-on- year increase in net fee and commission income. We also welcomed 58% more new small business customers compared with the same quarter last year. To support our strategic goal to gain more than 50,000 new small business customers by 2030, we continued to scale our new digital onboarding solution. Increased automation and improved usability are strengthening the onboarding experience, while continued harmonisation and process simplification across countries are reducing onboarding times and supporting higher customer acquisition. In line with our ambition to become the leading digital bank for SMEs, we further enhanced the Nordea Business online bank and mobile app. Our digital banking platforms received strong recognition in Global Finance’s annual World’s Best Digital Banks Awards. For the fourth consecutive year, Nordea Business and the mobile app won the titles of Best Corporate Digital Bank and Best Mobile Banking App in each of the Nordic countries. We remain committed to supporting customers in their sustainability transitions. Our sustainable financing portfolio grew by 21% in local currencies year on year. Recognising the growing importance of biodiversity and ecosystems, we have launched a pilot to explore nature-related impacts, risks and opportunities through engagement with selected customers. Our 2030 financial targets are a return on allocated equity (RoAE) of greater than 15% and a cost-to-income ratio1 of below 39%. Financial outcome Total income in the third quarter increased by 5% year on year, driven by volume growth and higher ancillary income. Net interest income was up 5% year on year, driven by business volume growth. This was partly offset by lower margins. Quarter on quarter, net interest income increased by 3%. Net fee and commission income increased by 8% year on year, driven by growth in fee income from savings, lending, and payments and cards. Net result from items at fair value was seasonally lower, while activity picked up towards the end the quarter. Year on year, net result from items at fair value increased by 3%, driven by higher income from foreign exchange products. Total expenses increased by 1% year on year. The cost-to- income ratio1 was 44%, compared with 46% in the same quarter last year. Net loan losses and similar net result amounted to EUR 25m (10bp), compared with a net reversal of EUR 25m a year ago. The third quarter of 2025 had included a EUR 20m management judgement buffer release. Operating profit decreased by 3% year on year, to EUR 439m. RoAE with amortised regulatory fees was 15%. Business Banking Denmark Net interest income increased by 2% in local currency year on year, driven by higher lending volumes. These were partly offset by lower lending margins. Deposit margins increased, supported by higher policy rates. Lending volumes increased by 6% in local currency year on year. Deposit volumes decreased by 1%. Net fee and commission income decreased by 4% in local currency year on year due to lower lending fee income. This was partly offset by higher payment and card fee income. Net loan losses and similar net result amounted to EUR 4m (7bp). Business Banking Finland Net interest income increased by 2% year on year, mainly driven by higher deposit volumes. These were partly offset by lower lending margins. Deposit margins increased, supported by higher policy rates. Lending volumes increased by 1% year on year. Deposit volumes increased by 3%. Net fee and commission income increased by 4% year on year, driven by higher fee income from savings and lending. Net loan losses and similar net result amounted to EUR 9m (19bp).

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Nordea Third-Quarter Financial Report 2026 27 Q3 Business Banking Norway Net interest income increased by 3% in local currency year on year, driven by higher lending volumes. These were partly offset by lower margins. Lending volumes increased by 7% in local currency year on year. Deposit volumes decreased by 1%. Net fee and commission income increased by 12% in local currency year on year, driven by higher fee income from lending and savings. Net loan losses and similar net result amounted to EUR 13m (19bp). Business Banking Sweden Net interest income increased by 3% in local currency year on year, driven by volume growth. This was partly offset by lower margins. Lending volumes increased by 8% in local currency year on year. Deposit volumes increased by 6%. Net fee and commission income increased by 5% in local currency year on year, driven by higher savings income. Net loan losses and similar net result amounted to a net reversal of EUR 1m. Business Banking total Chg Chg local curr. Jan- Sep 26 Jan- Sep 25 Chg Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EUR Local curr. EURm Net interest income 554 538 525 527 526 5% 3% 3% 3% 1,617 1,608 1% -1% Net fee and commission income 167 175 162 152 154 8% -5% 7% -3% 504 455 11% 9% Net insurance result 11 10 10 8 7 57% 10% 57% 10% 31 21 48% 48% Net result from items at fair value 96 110 113 106 93 3% -13% 1% -12% 319 304 5% 3% Other income 7 11 7 6 12 25 31 Total income 835 844 817 799 792 5% -1% 4% 0% 2,496 2,419 3% 1% Total expenses excl. regulatory fees -365 -361 -370 -357 -361 1% 1% 0% 2% -1,096 -1,076 2% 0% Total expenses -371 -367 -382 -363 -366 1% 1% 0% 2% -1,120 -1,097 2% 0% Profit before loan losses 464 477 435 436 426 9% -3% 7% -2% 1,376 1,322 4% 2% Net loan losses and similar net result -25 3 55 -6 25 33 2 Operating profit 439 480 490 430 451 -3% -9% -4% -8% 1,409 1,324 6% 4% Cost-to-income ratio1, % 44 43 45 45 46 44 44 Return on allocated equity2, % 15 16 17 15 16 16 16 Allocated equity 9,109 9,123 8,910 8,691 8,682 5% 0% 9,109 8,682 5% Risk exposure amount (REA) 46,376 45,469 44,178 42,965 42,945 8% 2% 46,376 42,945 8% Number of employees (FTEs) 3,821 3,761 3,790 3,784 3,843 -1% 2% 3,821 3,843 -1% Volumes, EURbn: Total lending 100.2 99.2 98.3 95.0 93.8 7% 1% 6% 1% 100.2 93.8 7% 6% Total deposits 57.8 57.7 57.8 56.4 56.1 3% 0% 2% 0% 57.8 56.1 3% 2% Investment product AuM 36.5 36.4 32.7 32.6 31.0 18% 0% 36.5 31.0 18% 1 Excluding regulatory fees. 2 With amortised regulatory fees.

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Nordea Third-Quarter Financial Report 2026 28 Q3 Business Banking Chg Chg local curr. Jan- Sep 26 Jan- Sep 25 Chg Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Q3/Q3 Q3/Q2 EUR Local curr. Net interest income, EURm Business Banking Denmark 106 103 101 102 104 2% 3% 2% 3% 310 318 -3% -3% Business Banking Finland 133 126 127 131 130 2% 6% 2% 6% 386 401 -4% -4% Business Banking Norway 156 153 143 142 140 11% 2% 3% 1% 452 418 8% 2% Business Banking Sweden 160 159 154 153 157 2% 1% 3% 4% 473 474 0% -2% Other -1 -3 0 -1 -5 -4 -3 Total 554 538 525 527 526 5% 3% 3% 3% 1,617 1,608 1% -1% Net fee and commission income, EURm Business Banking Denmark 27 30 29 28 28 -4% -10% -4% -10% 86 78 10% 10% Business Banking Finland 51 54 50 50 49 4% -6% 4% -6% 155 148 5% 5% Business Banking Norway 31 30 31 25 26 19% 3% 12% 4% 92 76 21% 14% Business Banking Sweden 58 63 54 53 56 4% -8% 5% -3% 175 160 9% 7% Other 0 -2 -2 -4 -5 -4 -7 Total 167 175 162 152 154 8% -5% 7% -3% 504 455 11% 9% Net loan losses and similar net result, EURm Business Banking Denmark -4 -18 26 -7 13 4 25 Business Banking Finland -9 8 16 -17 9 15 -18 Business Banking Norway -13 7 16 15 0 10 -2 Business Banking Sweden 1 6 1 0 9 8 0 Other 0 0 -4 3 -6 -4 -3 Total -25 3 55 -6 25 33 2 Lending, EURbn Business Banking Denmark 21.7 22.1 21.6 21.5 20.6 5% -2% 6% -1% 21.7 20.6 5% 6% Business Banking Finland 18.7 18.6 18.1 18.1 18.5 1% 1% 1% 1% 18.7 18.5 1% 1% Business Banking Norway 27.9 26.4 26.5 23.9 24.2 15% 6% 7% 1% 27.9 24.2 15% 7% Business Banking Sweden 31.9 32.1 32.1 31.5 30.5 5% -1% 8% 2% 31.9 30.5 5% 8% Other 0 0 0 0 0 0 0 Total 100.2 99.2 98.3 95 93.8 7% 1% 6% 1% 100.2 93.8 7% 6% Deposits, EURbn Business Banking Denmark 11.8 11.5 11.4 11.4 11.9 -1% 3% -1% 3% 11.8 11.9 -1% -1% Business Banking Finland 14.8 15.1 14.7 15.0 14.3 3% -2% 3% -2% 14.8 14.3 3% 3% Business Banking Norway 13.1 12.6 12.7 12.0 12.4 6% 4% -1% 1% 13.1 12.4 6% -1% Business Banking Sweden 18.1 18.4 19.0 17.9 17.5 3% -2% 6% 1% 18.1 17.5 3% 6% Other 0 0.1 0 0.1 0 0 0 Total 57.8 57.7 57.8 56.4 56.1 3% 0% 2% 0% 57.8 56.1 3% 2%

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Nordea Third-Quarter Financial Report 2026 29 Q3 Large Corporates & Institutions Introduction In Large Corporates & Institutions (LC&I) we provide financial solutions to large Nordic corporate and institutional customers. We also provide services to customers across the Nordea Group through the product and specialist units Markets and Investment Banking & Equities and our international corporate branches. We are a leading bank for large corporate and institutional customers in the Nordics and a leading player within sustainable finance. We offer a focused and dedicated range of products and services covering financing, cash management and payments, as well as investment banking and capital markets solutions. Business development In the third quarter we continued to support our customers in an uncertain and volatile environment, maintaining strong business momentum. Lending volumes increased by 13% year on year, reflecting higher investment activity among large corporates in the Nordics and our strong client reach. The depth of our customer relationships showed through in year-on-year deposit volume growth of 13% and higher fee income. Our 2030 strategy execution is on track. In the third quarter we drove further progress in our strategic growth areas: Sweden, Norway, cross-sales, and the infrastructure segment. Commercial momentum remained strong in Sweden, supported by increased customer activity, an expanding customer base, and additional cash management mandates. In Norway we continued to grow in selected sectors, supported by new customer wins and strong transaction mandates. Moreover, we advanced our strategic priorities by strengthening our customer offering in investment banking and payments, streamlining processes, and scaling AI adoption across the business. Debt Capital Markets activity remained high. We continued to support customers across a broad range of financing needs and maintained number one year-to-date positions in the Nordic bond and Nordic corporate lending league tables. We arranged more than 150 debt capital market transactions, including a EUR 300m bond issue for Loomis and a NOK 2.5bn triple-tranche transaction for Kongsberg Maritime. We also continued to build on our trusted adviser status in facilitating equity capital market transactions and mergers and acquisitions. Notable achievements included a leading year- to-date position in the Nordic IPO league table, the rights issue of Suominen, the accelerated book-building of Sampo, and advising A.P. Moller Holding on the acquisition of Ocean Yield. Our secondary equities business continued to deliver year-on-year growth. Nordea Markets supported customers in navigating the changing market conditions through advisory and risk management solutions. Our strong customer engagement and offering were further reflected in Prospera’s product-related benchmarking reports, where we improved rankings across several product categories and markets. Despite solid customer activity, extraordinary interest rate volatility late in the quarter adversely affected our market making business. The sharp increase in European two-year interest rates was among the largest quarterly moves observed in the past 20 years. Our 2030 financial targets are a return on allocated equity (RoAE) of greater than 15% and a cost-to-income ratio1 of below 37%. Financial outcome Total income was down 6% year on year, driven by lower net result from items at fair value. Net interest income increased by 7% year on year, driven by higher lending and deposit volumes with broadly stable margins. Net fee and commission income increased by 6% year on year, with particularly strong performance in lending and asset management fees. Net result from items at fair value decreased by 50% year on year despite solid customer activity, as extraordinary interest rate volatility held back our market-making operations. Total expenses were up 2% year on year as we continued with our strategic investments in several areas, including technology, data and AI. The cost-to-income ratio1 was 43% for the quarter, compared with 40% a year ago. Net loan losses and similar net result amounted to EUR 39m (15bp), mainly driven by a legacy customer case, while underlying portfolio quality remained stable. There had been a net reversal of EUR 3m in the same quarter last year. Operating profit decreased by 23% year on year, to EUR 267m. We continued to exercise strict capital discipline. RoAE with amortised regulatory fees was 11% for the third quarter.

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Nordea Third-Quarter Financial Report 2026 30 Q3 Large Corporates & Institutions total Chg Jan-Sep 26 Jan-Sep 25 Chg Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 EURm Net interest income 350 338 326 317 326 7% 4% 1,014 978 4% Net fee and commission income 130 137 139 148 123 6% -5% 406 379 7% Net insurance result 1 0 0 1 0 1 0 Net result from items at fair value 66 161 100 120 131 -50% -59% 327 397 -18% Other income 0 0 1 0 1 1 1 Total income 547 636 566 586 581 -6% -14% 1,749 1,755 0% Total expenses excl. regulatory fees -236 -241 -232 -232 -233 1% -2% -709 -695 2% Total expenses -241 -245 -237 -235 -237 2% -2% -723 -707 2% Profit before loan losses 306 391 329 351 344 -11% -22% 1,026 1,048 -2% Net loan losses and similar net result -39 -31 12 -9 3 -58 19 Operating profit 267 360 341 342 347 -23% -26% 968 1,067 -9% Cost-to-income ratio1, % 43 38 41 40 40 41 40 Return on allocated equity2, % 11 16 15 15 16 14 17 Allocated equity 7,158 7,282 7,378 6,950 6,740 6% -2% 7,158 6,740 6% Risk exposure amount (REA) 43,412 44,406 44,401 41,783 40,516 7% -2% 43,412 40,516 7% Number of employees (FTEs) 1,188 1,200 1,204 1,207 1,223 -3% -1% 1,188 1,223 -3% Volumes, EURbn3: Total lending 64.3 63.9 62.0 59.4 56.9 13% 1% 64.3 56.9 13% Total deposits 54.5 55.2 52.0 51.2 48.1 13% -1% 54.5 48.1 13% Investment product AuM 48.0 47.4 44.1 43.9 42.9 12% 1% 48.0 42.9 12% 1 Excluding regulatory fees. 2 With amortised regulatory fees. 3 Excluding repurchase agreements and security lending/borrowing agreements. Chg Jan-Sep 26 Jan-Sep 25 Chg Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Net interest income, EURm Denmark 60 60 59 55 60 0% 0% 179 189 -5% Finland 58 57 55 54 57 2% 2% 170 170 0% Norway 82 77 72 73 74 11% 6% 231 225 3% Sweden 130 129 122 120 120 8% 1% 381 349 9% Other 20 15 18 15 15 53 45 Total 350 338 326 317 326 7% 4% 1,014 978 4% Net fee and commission income, EURm Denmark 34 37 34 52 28 21% -8% 105 95 11% Finland 31 35 33 27 32 -3% -11% 99 93 6% Norway 30 32 29 27 28 7% -6% 91 86 6% Sweden 29 32 40 43 41 -29% -9% 101 119 -15% Other 6 1 3 -1 -6 10 -14 Total 130 137 139 148 123 6% -5% 406 379 7% Net loan losses and similar net result, EURm Denmark -31 -49 -19 -8 -3 -99 -10 Finland -5 -1 16 -1 -5 10 0 Norway 2 1 10 3 11 13 11 Sweden -4 14 19 5 5 29 24 Other -1 4 -14 -8 -5 -11 -6 Total -39 -31 12 -9 3 -58 19 Lending, EURbn1 Denmark 12.6 12.7 12.3 12.5 11.6 9% -1% 12.6 11.6 9% Finland 11.0 10.2 10.4 10.3 9.9 11% 8% 11.0 9.9 11% Norway 12.5 11.9 11.5 10.6 10.4 20% 5% 12.5 10.4 20% Sweden 24.9 25.8 24.8 23.3 22.2 12% -3% 24.9 22.2 12% Other 3.3 3.3 3.0 2.7 2.8 3.3 2.8 Total 64.3 63.9 62.0 59.4 56.9 13% 1% 64.3 56.9 13% Deposits, EURbn1 Denmark 9.3 10.7 8.7 9.1 9.3 0% -13% 9.3 9.3 0% Finland 14.6 15.0 13.8 14.2 13.2 11% -3% 14.6 13.2 11% Norway 16.4 13.9 13.5 11.8 11.6 41% 18% 16.4 11.6 41% Sweden 14.1 14.1 15.8 14.9 14.0 1% 0% 14.1 14.0 1% Other 0.1 1.5 0.2 1.2 0 0.1 0 Total 54.5 55.2 52.0 51.2 48.1 13% -1% 54.5 48.1 13% 1 Excluding repurchase agreements and security lending/borrowing agreements.

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Nordea Third-Quarter Financial Report 2026 31 Q3 Group functions Introduction Our Group functions provide the four business areas with services, subject matter expertise, and data and technology infrastructure. The Group functions consist of Group Business Support; Group Technology; Chief of Staff Office; Group Brand, Communication and Marketing; Group Risk; Group Compliance; Group People; Group Legal; Group Finance and Group Internal Audit. Together with the results of the business areas, the results of the Group functions add up to the reported result for the Group. Income primarily originates from Group Treasury. The majority of both costs and income in Group functions are distributed to the business areas. Business development In the third quarter of 2026 we continued to deliver on our strategic priorities, focusing on reducing operational and compliance risk, further modernising our technology landscape and continuously strengthening our cyber security defence to address evolving threats. We continued AI adoption across Nordea, supporting our process simplification ambition, and progressed with our transformation initiatives to improve our technology platforms and strengthen our data foundation. We maintained strong cost discipline while making targeted investments aligned with our strategic and regulatory priorities. We also continued to adapt to evolving regulatory requirements to ensure an efficient and compliant operating model. By 2030, we aim to deliver Nordic scale benefits, accelerated by technology, data and AI, and achieve a gross annual cost take-out of EUR 600m, with technology enabling competitive edge in customer experience, resilience and productivity. Financial outcome Total operating income in the third quarter amounted to EUR 49m, up from EUR 37m a year ago. The increase was mainly driven by higher net result from items at fair value. Net result from items at fair value amounted to EUR 20m, compared with EUR -2m a year ago, mainly driven by higher revaluations in Treasury. Total operating expenses amounted to EUR 31m, up from EUR 10m a year ago. Group functions Chg Jan- Sep 26 Jan- Sep 25 Q326 Q226 Q126 Q425 Q325 Q3/Q3 Q3/Q2 Chg EURm Net interest income 41 68 73 72 55 182 122 Net fee and commission income -13 -9 -14 -3 -16 -36 -35 Net insurance result -2 1 1 -1 1 0 2 Net result from items at fair value 20 -25 -15 2 -2 -20 -2 Other income 3 0 2 2 -1 5 -4 Total income 49 35 47 72 37 131 83 Total expenses excl. regulatory fees 29 17 26 -41 9 72 45 Total expenses 31 12 28 -46 10 71 40 Profit before loan losses 80 47 75 26 47 202 123 Net loan losses and similar net result 0 2 -1 -1 -2 1 4 Operating profit 80 49 74 25 45 203 127 Allocated equity 2,049 2,076 1,341 4,276 3,480 2,049 3,480 Risk exposure amount (REA) 4,476 4,523 4,434 4,094 4,794 4,476 4,794 Number of employees (FTEs) 13,776 13,906 14,198 14,452 14,565 -5% -1% 13,776 14,565 -5%

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Nordea Third-Quarter Financial Report 2026 32 Q3 Income statement Q3 Q3 Jan-Sep Jan-Sep Full year Note 2026 2025 2026 2025 2025 EURm Operating income Interest income calculated using the effective interest rate method 4,041 3,769 11,474 11,787 15,401 Other interest income 479 440 1,379 1,421 1,849 Interest expense -2,721 -2,434 -7,516 -7,806 -10,083 Net interest income 3 1,799 1,775 5,337 5,402 7,167 Fee and commission income 1,117 1,049 3,317 3,114 4,216 Fee and commission expense -237 -238 -715 -718 -967 Net fee and commission income 4 880 811 2,602 2,396 3,249 Return on assets backing insurance liabilities 157 855 2,336 1,526 2,299 Insurance result -78 -789 -2,110 -1,348 -2,057 Net insurance result 5 79 66 226 178 242 Net result from items at fair value 6 198 245 705 788 1,045 Profit or loss from associated undertakings and joint ventures accounted for under the equity method 3 1 6 -3 -2 Other operating income 9 12 34 34 42 Total operating income 2,968 2,910 8,910 8,795 11,743 Operating expenses Staff costs -813 -806 -2,610 -2,407 -3,234 Other expenses 7 -357 -353 -1,089 -1,066 -1,441 Depreciation, amortisation and impairment charges of tangible and intangible assets 8 -165 -154 -484 -454 -614 Total operating expenses, excl. regulatory fees -1,335 -1,313 -4,183 -3,927 -5,289 Regulatory fees 9 -18 -19 -98 -92 -116 Total operating expenses -1,353 -1,332 -4,281 -4,019 -5,405 Profit before loan losses 1,615 1,578 4,629 4,776 6,338 Net result on loans in hold portfolios mandatorily held at fair value 0 -6 11 4 -1 Net loan losses 10 -74 25 -47 23 -21 Operating profit 1,541 1,597 4,593 4,803 6,316 Income tax expense -360 -369 -1,080 -1,120 -1,476 Net profit for the period 1,181 1,228 3,513 3,683 4,840 Attributable to: Shareholders of Nordea Bank Abp 1,181 1,228 3,513 3,657 4,814 Additional Tier 1 capital holders - - - 26 26 Total 1,181 1,228 3,513 3,683 4,840 Basic earnings per share, EUR 0.35 0.36 1.03 1.06 1.39 Diluted earnings per share, EUR 0.35 0.36 1.03 1.06 1.39

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Nordea Third-Quarter Financial Report 2026 33 Q3 Statement of comprehensive income Q3 Q3 Jan-Sep Jan-Sep Full year 2026 2025 2026 2025 2025 EURm Net profit for the period 1,181 1,228 3,513 3,683 4,840 Items that may be reclassified subsequently to the income statement Currency translation: Currency translation differences 132 188 337 217 316 Tax on currency translation differences - - - - -3 Hedging of net investments in foreign operations: Valuation gains/losses -52 -97 -154 -127 -192 Fair value through other comprehensive income: 1 Valuation gains/losses, net of recycling -28 55 10 89 111 Tax on valuation gains/losses 9 -11 1 -20 -30 Cash flow hedges: Valuation gains/losses, net of recycling 6 -7 2 -88 -80 Tax on valuation gains/losses -2 1 -1 17 16 Items that may not be reclassified subsequently to the income statement Changes in own credit risk related to liabilities classified as fair value option: Valuation gains/losses 4 -3 5 -3 2 Tax on valuation gains/losses -1 1 -1 1 -1 Defined benefit plans: Remeasurement of defined benefit plans 54 15 55 -88 -132 Tax on remeasurement of defined benefit plans -13 -3 -12 22 34 Companies accounted for under the equity method: Other comprehensive income from companies accounted for under the equity method - 0 - -1 -1 Tax on other comprehensive income from companies accounted for under the equity method - 0 - 0 0 Other comprehensive income, net of tax 109 139 242 19 40 Total comprehensive income 1,290 1,367 3,755 3,702 4,880 Attributable to: Shareholders of Nordea Bank Abp 1,290 1,367 3,755 3,676 4,854 Additional Tier 1 capital holders - - - 26 26 Total 1,290 1,367 3,755 3,702 4,880 1 Valuation gains/losses related to hedged risks under fair value hedge accounting are accounted for directly in the income sta tement.

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Nordea Third-Quarter Financial Report 2026 34 Q3 Balance sheet 30 Sep 31 Dec 30 Sep Note 2026 2025 2025 EURm Assets 12 Cash and balances with central banks 43,626 38,206 37,006 Loans to central banks 11 1,591 6,947 1,471 Loans to credit institutions 11, 12 4,912 4,038 7,094 Loans to the public 11, 12 399,563 381,871 375,343 Interest-bearing securities 89,325 79,872 80,267 Shares 42,825 39,587 39,044 Assets in pooled schemes and unit-linked investment contracts 82,331 70,677 66,998 Derivatives 21,900 17,633 17,641 Fair value changes of hedged items in portfolio hedges of interest rate risk -369 -158 -136 Investments in associated undertakings and joint ventures 429 462 445 Intangible assets 4,207 4,088 4,058 Properties and equipment 1,476 1,564 1,593 Investment properties 2,313 2,215 2,206 Deferred tax assets 171 180 218 Current tax assets 194 383 270 Retirement benefit assets 432 334 343 Other assets 8,805 5,619 12,935 Prepaid expenses and accrued income 900 832 773 Total assets 704,631 654,350 647,569 Liabilities 12 Deposits by credit institutions 12 38,209 34,131 48,094 Deposits and borrowings from the public 12 258,992 242,874 225,970 Deposits in pooled schemes and unit-linked investment contracts 83,239 71,611 68,044 Insurance contract liabilities 35,669 33,097 32,244 Debt securities in issue 208,867 196,276 190,799 Derivatives 21,813 18,078 18,310 Fair value changes of hedged items in portfolio hedges of interest rate risk -1,303 -567 -428 Current tax liabilities 715 672 806 Other liabilities 17,174 14,406 21,356 Accrued expenses and prepaid income 1,389 1,298 1,297 Deferred tax liabilities 483 601 568 Provisions 417 348 363 Retirement benefit obligations 300 296 284 Subordinated liabilities 7,377 8,810 8,342 Total liabilities 673,341 621,931 616,049 Equity Share capital 4,050 4,050 4,050 Invested unrestricted equity 1,068 1,077 1,071 Other reserves -2,308 -2,550 -2,571 Retained earnings 28,480 29,842 28,970 Total equity 31,290 32,419 31,520 Total liabilities and equity 704,631 654,350 647,569 Off-balance sheet items Assets pledged as security for own liabilities 257,664 248,530 247,771 Other assets pledged1 169 169 169 Contingent liabilities 19,992 20,009 19,688 Credit commitments2 103,105 95,010 93,523 Other commitments 2,695 2,797 2,624 1 Includes interest-bearing securities pledged as security for payment settlements with central banks and clearing institutions. 2 Including unutilised portion of approved overdraft facilities of EUR 26,186m (31 December 2025: EUR 28,876m; 30 September 202 5: EUR 28,538m).

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Nordea Third-Quarter Financial Report 2026 35 Q3 Statement of changes in equity Attributable to shareholders of Nordea Bank Abp Other reserves: EURm Share capital1 Invested un- restricted equity Trans- lation of foreign opera- tions Cash flow hedges Fair value through other compre- hensive income Defined benefit plans Changes in own credit risk related to liabilities classified as fair value option Retained earnings Total Addi- tional Tier 1 capital holders Total equity Balance as at 1 Jan 2026 4,050 1,077 -2,461 43 28 -158 -2 29,842 32,419 - 32,419 Net profit for the period - - - - - - - 3,513 3,513 - 3,513 Other comprehensive income, net of tax - - 183 1 11 43 4 - 242 - 242 Total comprehensive income - - 183 1 11 43 4 3,513 3,755 - 3,755 Share-based payments - - - - - - - 1 1 - 1 Dividend3 - - - - - - - -4,416 -4,416 - -4,416 Purchase of own shares2 - -9 - - - - - -460 -469 - -469 Balance as at 30 Sep 2026 4,050 1,068 -2,278 44 39 -115 2 28,480 31,290 - 31,290 Balance as at 1 Jan 2025 4,050 1,053 -2,582 107 -53 -60 -3 29,174 31,686 750 32,436 Net profit for the period - - - - - - - 4,814 4,814 26 4,840 Other comprehensive income, net of tax - - 121 -64 81 -98 1 -1 40 - 40 Total comprehensive income - - 121 -64 81 -98 1 4,813 4,854 26 4,880 Paid interest on Additional Tier 1 capital, net of tax - - - - - - - 5 5 -26 -21 Change in Additional Tier 1 capital - - - - - - - - - -750 -750 Share-based payments - - - - - - - 15 15 - 15 Dividend - - - - - - - -3,268 -3,268 - -3,268 Sale/purchase of own shares2 - 24 - - - - - -897 -873 - -873 Balance as at 31 Dec 2025 4,050 1,077 -2,461 43 28 -158 -2 29,842 32,419 - 32,419 Balance as at 1 Jan 2025 4,050 1,053 -2,582 107 -53 -60 -3 29,174 31,686 750 32,436 Net profit for the period - - - - - - - 3,657 3,657 26 3,683 Other comprehensive income, net of tax - - 90 -71 69 -66 -2 -1 19 - 19 Total comprehensive income - - 90 -71 69 -66 -2 3,656 3,676 26 3,702 Paid interest on Additional Tier 1 capital, net of tax - - - - - - - 5 5 -26 -21 Change in Additional Tier 1 capital - - - - - - - - - -750 -750 Share-based payments - - - - - - - 9 9 - 9 Dividend - - - - - - - -3,268 -3,268 - -3,268 Sale/purchase of own shares2 - 18 - - - - - -606 -588 - -588 Balance as at 30 Sep 2025 4,050 1,071 -2,492 36 16 -126 -5 28,970 31,520 - 31,520 1 Total shares registered were 3,403 million (31 December 2025: 3,434 million; 30 September 2025: 3,451 million). The number of own shares was 10.8 million (31 December 2025: 14.0 million; 30 September 2025: 11.9 million), which represents 0.3% (31 December 2025: 0.4%; 30 September 2025: 0.3%) of the total shares in Nordea. Each share represents one voting right. 2 The change in the holding of own shares related to treasury shares held for remuneration purposes and to the trading portfoli o was accounted for as a decrease/increase in “Invested unrestricted equity”. The number of treasury shares held for remuneration purposes was 9. 0 million (31 December 2025: 10.3 million; 30 September 2025: 10.3 million). The share buy -back amounted to EUR 460m (31 December 2025: EUR 896m; 30 September 2025: EUR 606m) and was accounted for as a reduction in “Retained earnings”. The transaction cost in relation to the share buy-back amounted to EUR 0m (31 December 2025: EUR 1m; 30 September 2025: EUR 0m). 3 Of which EUR 3,263m was paid in accordance with the decision of the Annual General Meeting of 24 March 2026 (consistent with the proposed distribution of earnings described in the 2025 Annual Report) and EUR 1,153m was paid in accordance with the decision of the Board of Dire ctors on 16 July 2026 based on a dividend mandate received from the Annual General Meeting of 24 March 2026.

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Nordea Third-Quarter Financial Report 2026 36 Q3 Cash flow statement, condensed Jan-Sep Jan-Sep Full year 2026 2025 2025 EURm Operating activities Operating profit 4,593 4,803 6,316 Adjustments for items not included in cash flow -2,392 1,199 2,787 Income taxes paid -1,156 -798 -1,223 Cash flow from operating activities before changes in operating assets and liabilities 1,045 5,204 7,880 Changes in operating assets and liabilities 10,800 -9,084 -11,044 Cash flow from operating activities 11,845 -3,880 -3,164 Investing activities Acquisition/sale of associated undertakings and joint ventures 45 98 50 Acquisition/sale of property and equipment -6 -44 -52 Acquisition/sale of intangible assets -389 -459 -577 Cash flow from investing activities -350 -405 -579 Financing activities Issued/amortised subordinated liabilities -1,351 533 937 Sale/repurchase of own shares, including change in trading portfolio -469 -588 -873 Dividend paid -4,416 -3,268 -3,268 Paid interest on Additional Tier 1 capital - -26 -26 Amortisation of the principal part of lease liabilities -83 -85 -111 Cash flow from financing activities -6,319 -3,434 -3,341 Cash flow for the period 5,176 -7,719 -7,084 Cash and cash equivalents 30 Sep 30 Sep 31 Dec 2026 2025 2025 EURm Cash and cash equivalents at beginning of the period 39,193 47,565 47,565 Translation differences 189 -1,234 -1,288 Cash and cash equivalents at end of the period 44,558 38,612 39,193 Change 5,176 -7,719 -7,084 The following items are included in cash and cash equivalents: Cash and balances with central banks 43,627 37,047 38,206 Loans to central banks 3 4 4 Loans to credit institutions 928 1,561 983 Total cash and cash equivalents 44,558 38,612 39,193 Cash comprises legal tender and bank notes in foreign currencies. Balances with central banks consist of deposits in accounts with central banks and postal giro systems under government authority where the following conditions are fulfilled: - the central bank or postal giro system is domiciled in the country where the institution is established - the balance on the account is readily available at any time. Loans to credit institutions payable on demand include liquid assets not represented by bonds or other interest -bearing securities.

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Nordea Third-Quarter Financial Report 2026 37 Q3 Notes to the financial statements Note 1 Accounting policies The consolidated interim financial statements are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting as adopted by the European Union (EU). The report includes a condensed set of financial statements and is to be read in conjunction with the audited consolidated financial statements for the year ended 31 December 2025. The accounting policies and methods of computation are unchanged from the 2025 Annual Report, except for those relating to the items presented in the section “Changed accounting policies and presentation” below. For more information, see the accounting policies in the 2025 Annual Report. Changed accounting policies and presentation New subtotal in the income statement A new subtotal, “Total operating expenses excluding regulatory fees”, has been added in the income statement. Regulatory fees constitute operating expenses over which Nordea has no control. Consequently, the new subtotal provides a more accurate representation of Nordea’s financial performance. Comparative figures have been restated accordingly. Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) were implemented by the Nordea Group on 1 January 2026. The amendments clarify whether contractual cash flows of financial assets with contingent features, for example ESG- linked features, represent solely payments of principal and interest (SPPI), which is a condition for being measured at amortised cost. Under the amendments, certain financial assets, including those with ESG-linked features, can meet the SPPI criterion at initial recognition, provided that their cash flows are not significantly different from the cash flows of identical financial assets without such features. Additional disclosures on financial assets and financial liabilities with contingent features are required in the Annual Report. The new requirements support the Nordea Group’s current accounting treatment of loans with ESG- linked features. The amendments also clarify the characteristics of contractually linked instruments and non-recourse features. Moreover, the amendments address the recognition and derecognition of financial assets and financial liabilities, including an optional exception relating to the derecognition of financial liabilities settled using an electronic payment system. These amendments have not had any significant impact on the Nordea Group’s interim financial statements or capital adequacy in the period of initial application. Other amendments The following changes in IFRS Accounting Standards were implemented by the Nordea Group on 1 January 2026 but have not had any significant impact on its financial statements or capital adequacy in the period of their initial application. • Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7). • Annual Improvements – Volume 11. Changes in IFRS Accounting Standards not yet applied IFRS 18 Presentation and Disclosure in Financial Statements The new standard IFRS 18 Presentation and Disclosure in Financial Statements will replace IAS 1 Presentation of Financial Statements. IFRS 18 sets out the requirements for the presentation and disclosure of financial performance in financial statements, focusing on a more structured income statement, with defined subtotals. Income and expense items are split into five categories, based on main business activities. Of these, the categories operating, investing and financing are new. The categories income taxes and discontinued operations are as before. The aim is to ensure a structured summary of companies’ primary financial statements and reduce variation in the reporting of financial performance, enabling users to better understand the information and more easily compare companies. IFRS 18 also introduces enhanced requirements for the aggregation and disaggregation of financial information in the primary financial statements and the notes, which may also impact the presentation on the balance sheet. In addition, the standard introduces new disclosures in a single note on certain profit or loss measures outside the financial statements (management-defined performance measures). IFRS 18 will be effective for annual reporting periods beginning on or after 1 January 2027. Nordea is currently considering the classification of the items in the income statement into the three categories and expects to include the majority in the operating category, with a few items still subject to assessment. The aggregation and disaggregation of financial information in the income statement and on the balance sheet is also under consideration, but no significant impacts are expected. Furthermore, disclosures of management- defined performance measures will be added. This tentative conclusion remains subject to further analysis. As IFRS 18 will not change the Nordea Group’s recognition and measurement, it is not expected to have any significant impact on its financial statements or capital adequacy in the period of initial application.

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Nordea Third-Quarter Financial Report 2026 38 Q3 Other amendments The following changes in IFRS Accounting Standards not yet applied by the Nordea Group are not assessed to have any significant impact on its financial statements or capital adequacy in the period of their initial application. • The Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency (Amendments to IAS 21). • Amendments to the Fair Value Option for Investments in Associates and Joint Ventures (Amendments to IAS 28). • IFRS 20 Regulatory Assets and Regulatory Liabilities. Exchange rates Jan-Sep Jan-Dec Jan-Sep 2026 2025 2025 EUR 1 = SEK Income statement (average) 10.8956 11.0675 11.1066 Balance sheet (at end of period) 11.3420 10.8180 11.0465 EUR 1 = DKK Income statement (average) 7.4731 7.4634 7.4617 Balance sheet (at end of period) 7.4756 7.4686 7.4651 EUR 1 = NOK Income statement (average) 11.0967 11.7223 11.7130 Balance sheet (at end of period) 10.8923 11.8310 11.6990

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Nordea Third-Quarter Financial Report 2026 39 Q3 Note 2 Segment reporting Jan-Sep 2026 Personal Banking Asset & Wealth Management Business Banking Large Corporates & Institutions Other operating segments Total operating segments Recon- ciliation Total Group Total operating income, EURm 3,399 1,087 2,455 1,730 135 8,806 104 8,910 – of which internal transactions1 -1,289 183 -442 -70 1,618 0 - - Operating profit, EURm 1,562 619 1,385 957 -38 4,485 108 4,593 Loans to the public2, EURbn 182 14 98 64 0 358 42 400 Deposits and borrowings from the public, EURbn 98 14 59 52 0 223 36 259 Jan-Sep 20253 Total operating income, EURm 3,530 1,017 2,424 1,756 118 8,845 -50 8,795 – of which internal transactions1 -1,336 204 -490 106 1,516 0 - - Operating profit, EURm 1,724 565 1,327 1,068 134 4,818 -15 4,803 Loans to the public2, EURbn 180 13 92 57 0 342 33 375 Deposits and borrowings from the public, EURbn 94 14 57 47 0 212 14 226 1 IFRS 8 requires information on revenues from transactions between operating segments. Nordea has defined intersegment revenue s as internal interest related to the funding of the reportable operating segments by the internal bank in Group Finance, included in “Other operati ng segments”. 2 The volumes are only disclosed separately for operating segments if separately reported to the Chief Operating Decision -Maker (CODM). 3 Comparable figures have been restated to reflect updated plan exchange rates in the reporting to the CODM. See Note G2.1 in t he 2025 Annual Report for further information. Reconciliation between total operating segments and financial statements Operating profit, EURm Loans to the public, EURbn Deposits and borrowings from the public, EURbn Jan-Sep 30 Sep 30 Sep 2026 2025 2026 2025 2026 2025 Total operating segments 4,485 4,818 358 342 223 212 Group functions1 16 13 - - - - Unallocated items 19 -20 36 34 33 14 Differences in accounting policies2 73 -8 6 -1 3 0 Total 4,593 4,803 400 375 259 226 1 Consists of Group Business Support, Group Technology, Group Internal Audit, Chief of Staff Office, Group People, Group Legal, Group Risk, Group Compliance and Group Brand, Communication and Marketing. 2 Impact from plan exchange rates used in the segment reporting. Measurement of operating segments’ performance The measurement principles and allocation between operating segments follow the information reported to the Chief Operating D ecision-Maker (CODM), as required by IFRS 8. In Nordea the CODM has been defined as the Chief Executive Officer, who is supported by the other members of the Group Leadership Team. The main difference compared with the section “Business areas” in this report is that the information in Note 2 is prep ared using plan exchange rates, as this is the basis used in the reporting to the CODM. Financial results are presented for the main business areas Personal Banking, Business Banking, Large Corporates & Institutio ns and Asset & Wealth Management. These are identified as reportable operating segments and are reported separately, as they are above the quantita tive thresholds in IFRS 8. Other operating segments below the thresholds are included in “Other operating segments”. Group functions (and eliminations), as well as the result that is not fully allocated to any of the operating segments, are shown separately as reconciling items. There have been no changes in the basis of segmentation during the year.

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Nordea Third-Quarter Financial Report 2026 40 Q3 Note 3 Net interest income Net interest income Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Interest income calculated using the effective interest rate method 4,041 3,815 3,769 11,474 11,787 15,401 Other interest income 479 461 440 1,379 1,421 1,849 Interest expense -2,721 -2,497 -2,434 -7,516 -7,806 -10,083 Net interest income 1,799 1,779 1,775 5,337 5,402 7,167 Interest income calculated using the effective interest rate method Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Loans to credit institutions 433 366 404 1,138 1,352 1,658 Loans to the public 3,173 3,033 2,967 9,095 9,160 12,076 Interest-bearing securities 374 357 309 1,064 940 1,261 Yield fees 56 62 67 181 188 251 Net interest paid or received on derivatives in accounting hedges of assets 5 -3 22 -4 147 155 Interest income calculated using the effective interest rate method 4,041 3,815 3,769 11,474 11,787 15,401 Other interest income Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Loans at fair value to the public 368 373 368 1,115 1,147 1,515 Interest-bearing securities measured at fair value 91 77 75 228 275 337 Net interest paid or received on derivatives in economic hedges of assets 20 11 -3 36 -1 -3 Other interest income 479 461 440 1,379 1,421 1,849 Interest expense Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Deposits by credit institutions -187 -161 -144 -485 -466 -595 Deposits and borrowings from the public -972 -878 -904 -2,653 -2,964 -3,767 Deposit guarantee fees -5 -4 -5 -15 -9 -13 Debt securities in issue -1,482 -1,390 -1,287 -4,174 -3,846 -5,121 Subordinated liabilities -93 -86 -83 -279 -244 -343 Other interest expense -12 -13 -13 -36 -42 -54 Net interest paid or received on derivatives in hedges of liabilities 30 35 2 126 -235 -190 Interest expense -2,721 -2,497 -2,434 -7,516 -7,806 -10,083

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Nordea Third-Quarter Financial Report 2026 41 Q3 Note 4 Net fee and commission income Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Asset management 552 529 484 1,585 1,425 1,942 Deposit products 5 4 4 14 14 19 Custody and issuer services -4 6 -5 -4 -1 5 Brokerage and advisory 45 58 47 160 148 201 Payments and cards 163 158 157 477 455 608 Lending 113 118 120 348 342 460 Guarantees 13 16 9 39 26 33 Other -7 -9 -5 -17 -13 -19 Total 880 880 811 2,602 2,396 3,249 Breakdown Asset & Wealth Management Other and elimination Nordea Group Jan-Sep 2026 Personal Banking Business Banking Large Corporates & Institutions Other operating segments EURm Asset management 662 747 136 49 0 -9 1,585 Deposit products 2 0 10 0 0 2 14 Custody and issuer services 2 3 3 0 -9 -3 -4 Brokerage and advisory 8 26 31 97 3 -5 160 Payments and cards 213 0 188 79 1 -4 477 Lending 66 5 125 151 1 0 348 Guarantees -4 0 10 39 -7 1 39 Other 24 -26 1 -9 -6 -1 -17 Total 973 755 504 406 -17 -19 2,602 Jan-Sep 2025 EURm Asset management 592 681 116 43 0 -7 1,425 Deposit products 2 0 11 0 0 1 14 Custody and issuer services 2 2 3 2 -9 -1 -1 Brokerage and advisory 11 25 26 94 -1 -7 148 Payments and cards 211 0 180 73 0 -9 455 Lending 73 3 119 146 1 0 342 Guarantees -5 0 1 29 0 1 26 Other 23 -23 -1 -8 -4 0 -13 Total 909 688 455 379 -13 -22 2,396 Note 5 Net insurance result Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Insurance revenue 189 174 171 542 507 708 Insurance service expenses -104 -98 -107 -318 -333 -460 Net reinsurance result -1 -2 0 -6 -3 -6 Net insurance revenue 84 74 64 218 171 242 Insurance finance income or expenses -162 -2,863 -853 -2,328 -1,519 -2,299 Return on assets backing insurance liabilities 157 2,867 855 2,336 1,526 2,299 Net insurance finance income or expenses -5 4 2 8 7 0 Total 79 78 66 226 178 242 Note 6 Net result from items at fair value Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Equity-related instruments 79 26 211 114 209 353 Interest-related instruments and foreign exchange gains/losses 156 216 30 647 608 684 Other financial instruments (including credit and commodities) -25 34 7 -50 -34 4 Nordea Life & Pension1 -12 5 -3 -6 5 4 Total 198 281 245 705 788 1,045 1 Internal transactions not eliminated against other lines in the Note. The line item “Nordea Life & Pension” consequently prov ides the true impact from the life insurance operations.

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Nordea Third-Quarter Financial Report 2026 42 Q3 Note 7 Other expenses Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Information technology1 -204 -202 -193 -605 -602 -816 Marketing and representation -20 -21 -15 -58 -45 -68 Postage, transportation, telephone and office expenses -10 -11 -12 -33 -35 -47 Rents, premises and real estate -26 -27 -26 -100 -89 -119 Professional services -46 -38 -49 -116 -150 -200 Market data services -24 -24 -23 -71 -71 -93 Other2 -27 -33 -35 -106 -74 -98 Total -357 -356 -353 -1,089 -1,066 -1,441 1 Includes IT consultancy fees and excludes expenses capitalised as intangible assets. 2 Includes the transfer of expenses to fulfil insurance contracts within the scope of IFRS 17 to “Net insurance result” and the capitalisation of other expenses included in intangible assets. Note 8 Depreciation, amortisation and impairment charges of tangible and intangible assets Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Depreciation/amortisation Properties and equipment -55 -55 -54 -165 -163 -218 Intangible assets -108 -106 -100 -314 -290 -392 Total -163 -161 -154 -479 -453 -610 Impairment charges, net Properties and equipment - - - -3 - - Intangible assets -2 - - -2 -1 -4 Total -2 - - -5 -1 -4 Total -165 -161 -154 -484 -454 -614 Note 9 Regulatory fees Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Resolution fees 0 0 - -33 -35 -35 Risk tax -18 -20 -19 -57 -57 -76 Fee due to interest-free deposits1 0 -8 - -8 - -5 Total -18 -28 -19 -98 -92 -116 1 The Swedish central bank updated its interest-free deposits requirement in the second quarter of 2026, which resulted in a deposit requirement of EUR 361m for Nordea (compared with the previous requirement of EUR 409m). Note 10 Net loan losses Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 EURm Net loan losses, stage 1 -10 12 52 33 61 90 Net loan losses, stage 2 5 -6 16 95 96 89 Net loan losses, non-credit-impaired assets -5 6 68 128 157 179 Stage 3, credit-impaired assets Net loan losses, individually assessed, collectively calculated -11 -11 27 12 17 22 Realised loan losses -67 -113 -93 -328 -285 -360 Decrease in provisions to cover realised loan losses 28 31 41 171 148 166 Recoveries on previous realised loan losses 12 3 12 27 28 39 Reimbursement right 1 5 -6 4 11 24 New/increase in provisions -56 -44 -47 -182 -205 -286 Reversals of provisions 24 64 23 121 152 195 Net loan losses, credit-impaired assets -69 -65 -43 -175 -134 -200 Net loan losses -74 -59 25 -47 23 -21 Key ratios Q3 Q2 Q3 Jan-Sep Jan-Sep Full year 2026 2026 2025 2026 2025 2025 Net loan loss ratio, amortised cost, bp 9 8 -3 2 -1 1 - of which stage 1 1 -2 -7 -2 -3 -3 - of which stage 2 -1 1 -2 -4 -4 -3 - of which stage 3 9 9 6 8 6 7

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Nordea Third-Quarter Financial Report 2026 43 Q3 Note 11 Loans and impairment Total 30 Sep 31 Dec 30 Sep 2026 2025 2025 EURm Loans measured at fair value 98,035 92,350 93,842 Loans measured at amortised cost, not credit impaired (stages 1 and 2) 306,354 298,745 288,369 Credit impaired loans (stage 3) 2,828 3,135 3,068 - of which servicing 964 1,228 1,241 - of which non-servicing 1,864 1,907 1,827 Loans before allowances 407,217 394,230 385,279 - of which central banks and credit institutions 6,505 10,990 8,573 Allowances for loans that are credit impaired (stage 3) -860 -977 -962 - of which servicing -261 -402 -376 - of which non-servicing -599 -575 -586 Allowances for loans that are not credit impaired (stages 1 and 2) -291 -397 -409 Allowances -1,151 -1,374 -1,371 - of which central banks and credit institutions -2 -5 -8 Loans, carrying amount 406,066 392,856 383,908 Exposures measured at amortised cost and fair value through OCI, before allowances 30 Sep 2026 Stage 1 Stage 2 Stage 3 Total EURm Loans to central banks, credit institutions and the public 291,545 14,809 2,828 309,182 Interest-bearing securities 51,568 - - 51,568 Total 343,113 14,809 2,828 360,750 30 Sep 2025 Stage 1 Stage 2 Stage 3 Total EURm Loans to central banks, credit institutions and the public 273,014 15,355 3,068 291,437 Interest-bearing securities 47,392 - - 47,392 Total 320,406 15,355 3,068 338,829 Allowances and provisions 30 Sep 2026 Stage 1 Stage 2 Stage 3 Total EURm Loans to central banks, credit institutions and the public -87 -204 -860 -1,151 Interest-bearing securities -2 - - -2 Provisions for off-balance sheet items -18 -72 -21 -111 Total allowances and provisions -107 -276 -881 -1,264 30 Sep 2025 Stage 1 Stage 2 Stage 3 Total EURm Loans to central banks, credit institutions and the public -142 -267 -962 -1,371 Interest-bearing securities -2 - - -2 Provisions for off-balance sheet items -32 -110 -23 -165 Total allowances and provisions -176 -377 -985 -1,538 Movements of allowance accounts for loans measured at amortised cost Stage 1 Stage 2 Stage 3 Total EURm Balance as at 1 Jan 2026 -122 -275 -977 -1,374 Changes due to origination and acquisition -19 -5 -5 -29 Transfer from stage 1 to stage 2 6 -54 - -48 Transfer from stage 1 to stage 3 1 - -31 -30 Transfer from stage 2 to stage 1 -4 41 - 37 Transfer from stage 2 to stage 3 - 12 -52 -40 Transfer from stage 3 to stage 1 -1 - 6 5 Transfer from stage 3 to stage 2 - -4 37 33 Changes due to change in credit risk (net) 27 62 -52 37 Changes due to repayments and disposals 26 20 45 91 Write-off through decrease in allowance account - - 171 171 Translation differences -1 -1 -2 -4 Balance as at 30 Sep 2026 -87 -204 -860 -1,151

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Nordea Third-Quarter Financial Report 2026 44 Q3 Note 11 Continued Stage 1 Stage 2 Stage 3 Total EURm Balance as at 1 Jan 2025 -179 -357 -1,069 -1,605 Changes due to origination and acquisition -32 -8 -7 -47 Transfer from stage 1 to stage 2 6 -65 - -59 Transfer from stage 1 to stage 3 1 - -32 -31 Transfer from stage 2 to stage 1 -4 52 - 48 Transfer from stage 2 to stage 3 - 30 -98 -68 Transfer from stage 3 to stage 1 -1 - 5 4 Transfer from stage 3 to stage 2 - -4 20 16 Changes due to change in credit risk (net) 30 45 27 102 Changes due to repayments and disposals 38 42 48 128 Write-off through decrease in allowance account - - 148 148 Translation differences -1 -2 -4 -7 Balance as at 30 Sep 2025 -142 -267 -962 -1,371 Key ratios1 30 Sep 31 Dec 30 Sep 2026 2025 2025 Impairment rate (stage 3), gross, basis points 91 104 105 Impairment rate (stage 3), net, basis points 64 72 72 Total allowance rate (stages 1, 2 and 3), basis points 37 46 47 Allowances in relation to impaired loans (stage 3), % 30 31 31 Allowances in relation to loans in stages 1 and 2, basis points 10 13 14 1 For definitions, see Glossary. Sensitivities The provisions are sensitive to rating migration even if staging triggers are not reached. The table below shows the impact o n provisions of a one-notch downgrade of all exposures in the bank. It includes both the impact of the higher risk for all exposures and the impact of transferring exposures that reach the trigger from stage 1 to stage 2. It also includes the impact of exposures with one rating grade above default becoming default, which is estimat ed at EUR 32m (EUR 35m at the end of June 2026). This figure is based on calculations using the statistical model rather than individual estimates as would be the case in reality for material defaulted loans. 30 Sep 2026 31 Dec 2025 Recognised provisions Provisions if one notch downgrade Recognised provisions Provisions if one notch downgrade EURm Personal Banking 342 398 371 447 Business Banking 725 837 840 958 Large Corporates & Institutions 178 220 295 328 Other 19 27 28 33 Group 1,264 1,482 1,534 1,766 Forward-looking information Forward-looking information is used for both assessing significant increases in credit risk and calculating expected credit losses. N ordea uses three macroeconomic scenarios: a baseline scenario, a favourable scenario and an adverse scenario. For the third quarter of 2026, the scenarios w ere weighted into the final expected credit losses (ECL) as follows: baseline 60%, adverse 20% and favourable 20% , reflecting geopolitical tensions in the Middle East (baseline 60%, adverse 20% and favourable 20% at the end of the second quarter of 2026). The macroeconomic scenarios are provided by Group Risk in Nordea, based on the Oxford Economi cs Model. The forecast is a combination of modelling and expert judgement, subject to thorough checks and quality control proces ses. The model has been built to give a good description of the historical relationships between economic variables and to capture the key linkages between those v ariables. The forecast period in the model is ten years. For periods beyond, a long-term average is used in the ECL calculations. The macroeconomic scenarios reflect Nordea’s view of how the Nordic economies might develop in the light of geopolitical tensions, the war in the Middle East, energy prices, monetary policy and trade conflicts. When developing the scenarios and determining the relative weighting betw een them, Nordea considered projections made by Nordic central banks, Nordea Research and the European Central Bank. Under the baseline scenario, the conflict in the Middle East weighs modestly on the near ‑term economic outlook and inflationary pressures rise. The Nordic economies record moderate growth in 2026. The economic expansion continues in Denmark, Finland and Sweden in 2027 and 2028. N orway remains an exception, with growth close to zero due to declining investment in the offshore sector, although the mainland economy expands at a mode rate pace. As growth accelerates, unemployment declines further in Finland and Sweden, while Denmark and Norway maintain low unemployment levels. Residential p roperty prices continue rising over the coming years. Nordea’s two alternative macroeconomic scenarios cover a range of plausible risk factors which may cause growth to deviate fr om the baseline scenario. Under the adverse scenario, peace talks do not de-escalate the conflict in the Middle East. This triggers a recession in Europe and the Nordic region as firms delay investment decisions, exports weaken, and households reduce consumption in response to higher inflation and deteriorating labour market conditions. Growth is further constrained by a sharp correction in global equity markets, amplifying the negative impact on business and consumer confidenc e. As a result, the Nordic economies experience rising unemployment and declining residential property prices. Elevated inflationary pressures prompt central banks to tighten monetary policy more forcefully than in the baseline scenario. Under the favourable scenario, a rapid de-escalation in the Middle East conflict and an unwinding of trade policy uncer tainty lead to higher growth than assumed in the baseline scenario. Household, business and investor sentiment improve. Companies ramp up investment, households enjoy str onger real income gains and support consumption, and Nordic real estate markets gain momentum . At the end of the third quarter of 2026 adjustments to IFRS 9 model -based allowances/provisions amounted to EUR 82m. These adjustments cover expected credit losses not yet adequately captured by the modelled outcomes. Allowances accounting for emerging credit and model risks amount ed to EUR 55m. The adjustments were made in line with the revised approach implemented in the first quarter of 2026, which is aimed at strengthening collect ive provisions through an enhanced comprehensive credit risk assessment. The implementation of the revised approach resulted in the full deployment of the management judgement allowances outstanding at the end of 2025, which led to a release of EUR 160m in the first quarter of 2026. During the third quarter Nordea continued to closely monitor and assess its direct exposure to Russian counterparties. At the end of the quarter the direct credit exposure after provisions was less than EUR 20m.

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Nordea Third-Quarter Financial Report 2026 45 Q3 Note 11 Continued Scenarios and allowances/provisions Adjustments to 30 Sep 2026 Model-based model-based Individual Total Unweighted allowances/ allowances/ allowances/ allowances/ ECL Probability provisions provisions provisions provisions Denmark 2027 2028 2029 EURm weight EURm EURm EURm EURm Favourable scenario GDP growth, % 2.4 1.9 2.2 91 20% Unemployment, % 3.1 3.1 3.0 Change in household consumption, % 2.1 1.9 2.2 Change in house prices, % 5.4 2.8 1.8 Baseline scenario GDP growth, % 1.6 1.7 1.7 95 60% 97 13 185 295 Unemployment, % 3.6 3.5 3.5 Change in household consumption, % 1.6 1.9 1.9 Change in house prices, % 2.5 3.0 2.0 Adverse scenario GDP growth, % -1.9 1.4 2.0 107 20% Unemployment, % 4.9 4.9 4.7 Change in household consumption, % -0.2 0.7 1.9 Change in house prices, % -9.4 0.6 1.7 Finland Favourable scenario GDP growth, % 2.4 2.2 2.0 333 20% Unemployment, % 9.6 8.7 8.5 Change in household consumption, % 1.4 1.4 1.4 Change in house prices, % 3.8 2.4 2.2 Baseline scenario GDP growth, % 1.2 1.4 1.4 336 60% 337 41 185 563 Unemployment, % 9.9 9.0 9.0 Change in household consumption, % 1.2 1.3 1.3 Change in house prices, % 1.5 2.0 2.0 Adverse scenario GDP growth, % -1.5 1.4 1.0 346 20% Unemployment, % 12.1 11.2 11.2 Change in household consumption, % -1.6 1.1 0.4 Change in house prices, % -2.0 1.4 2.2 Norway Favourable scenario GDP growth, % 1.1 -0.2 -0.3 100 20% Unemployment, % 4.3 4.4 4.4 Change in household consumption, % 1.9 1.9 2.0 Change in house prices, % 6.3 4.9 2.5 Baseline scenario GDP growth, % 0.2 -0.4 -0.2 102 60% 102 22 69 193 Unemployment, % 4.7 4.8 4.7 Change in household consumption, % 1.8 1.7 1.8 Change in house prices, % 2.4 2.0 2.5 Adverse scenario GDP growth, % -0.8 0 0.3 105 20% Unemployment, % 5.9 5.9 5.7 Change in household consumption, % 0.9 1.1 1.6 Change in house prices, % -5.3 0.8 1.6 Sweden Favourable scenario GDP growth, % 3.8 2.6 2.2 113 20% Unemployment, % 7.8 7.2 7.0 Change in household consumption, % 2.3 1.8 1.5 Change in house prices, % 6.7 3.9 2.2 Baseline scenario GDP growth, % 2.0 1.7 1.7 114 60% 116 3 90 209 Unemployment, % 8.2 7.8 7.6 Change in household consumption, % 2.1 1.4 1.4 Change in house prices, % 4.7 2.0 2.0 Adverse scenario GDP growth, % -1.3 2.0 1.6 124 20% Unemployment, % 11.2 10.7 10.5 Change in household consumption, % -0.4 0.3 0.6 Change in house prices, % -3.2 1.6 2.0 Non-Nordic 1 3 0 4 Total 653 82 529 1,264

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Nordea Third-Quarter Financial Report 2026 46 Q3 Note 11 Continued Scenarios and allowances/provisions Adjustments to 31 Dec 2025 Model-based model-based Individual Total Unweighted allowances/ allowances/ allowances/ allowances/ ECL Probability provisions provisions provisions provisions Denmark 2026 2027 2028 EURm weight EURm EURm EURm EURm Favourable scenario GDP growth, % 3.6 2.1 1.9 102 20% Unemployment, % 2.5 2.4 2.4 Change in household consumption, % 2.3 2.4 2.1 Change in house prices, % 4.6 3.6 2.0 Baseline scenario GDP growth, % 2.0 1.7 1.7 107 60% 109 65 202 376 Unemployment, % 2.9 2.9 2.9 Change in household consumption, % 2.0 2.0 2.0 Change in house prices, % 3.6 3.3 2.0 Adverse scenario GDP growth, % -0.9 1.0 1.6 120 20% Unemployment, % 4.6 4.7 4.7 Change in household consumption, % 0.5 1.0 1.6 Change in house prices, % -5.4 1.1 2.0 Finland Favourable scenario GDP growth, % 2.2 2.3 2.0 285 20% Unemployment, % 9.6 8.8 8.8 Change in household consumption, % 1.7 1.9 1.8 Change in house prices, % 3.8 2.8 2.0 Baseline scenario GDP growth, % 1.3 1.7 1.7 287 60% 288 107 228 623 Unemployment, % 9.7 9.1 9.1 Change in household consumption, % 1.5 1.7 1.7 Change in house prices, % 2.0 2.0 2.0 Adverse scenario GDP growth, % -1.7 1.0 1.1 296 20% Unemployment, % 11.2 10.9 10.8 Change in household consumption, % -0.7 1.8 1.1 Change in house prices, % -2.2 1.0 2.0 Norway Favourable scenario GDP growth, % 3.0 -0.4 0.1 86 20% Unemployment, % 3.8 3.9 3.9 Change in household consumption, % 2.6 1.9 1.7 Change in house prices, % 5.2 4.9 4.0 Baseline scenario GDP growth, % 1.2 0.2 -0.3 88 60% 88 59 71 218 Unemployment, % 4.3 4.2 4.2 Change in household consumption, % 2.5 1.8 1.5 Change in house prices, % 4.6 4.1 2.0 Adverse scenario GDP growth, % -0.8 0 0.5 92 20% Unemployment, % 5.5 5.5 5.3 Change in household consumption, % 2.2 1.1 1.1 Change in house prices, % -6.4 0.5 1.9 Sweden Favourable scenario GDP growth, % 3.6 3.0 2.2 89 20% Unemployment, % 8.1 7.5 7.0 Change in household consumption, % 3.2 2.9 2.6 Change in house prices, % 5.6 4.7 2.3 Baseline scenario GDP growth, % 2.5 2.1 2.1 91 60% 92 76 141 309 Unemployment, % 8.4 7.9 7.5 Change in household consumption, % 2.9 2.5 2.5 Change in house prices, % 2.7 4.6 2.0 Adverse scenario GDP growth, % -1.5 1.6 1.6 99 20% Unemployment, % 11.4 11.1 10.6 Change in household consumption, % 0.8 0.9 1.6 Change in house prices, % -4.1 0.6 1.9 Non-Nordic 1 3 4 8 Total 578 310 646 1,534

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Nordea Third-Quarter Financial Report 2026 47 Q3 Note 11 Continued Loans to the public measured at amortised cost, broken down by sector and industry 30 Sep 2026 Gross Allowances Loans carrying amount Net loan EURm Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total losses1 Financial institutions 16,796 190 61 17,047 5 3 21 29 17,018 8 Agriculture 4,889 353 94 5,336 2 11 27 40 5,296 -1 Crops, plantations and hunting 752 118 49 919 0 5 12 17 902 1 Animal husbandry 543 132 42 717 0 4 14 18 699 -4 Fishing and aquaculture 3,594 103 3 3,700 2 2 1 5 3,695 2 Natural resources 2,219 133 20 2,372 2 1 9 12 2,360 4 Paper and forest products 1,300 111 16 1,427 1 1 7 9 1,418 2 Mining and supporting activities 372 22 4 398 0 0 2 2 396 1 Oil, gas and offshore 547 0 0 547 1 0 0 1 546 1 Consumer staples 6,631 466 32 7,129 3 8 12 23 7,106 4 Food processing and beverages 2,061 197 21 2,279 0 4 7 11 2,268 1 Household and personal products 929 60 5 994 0 1 4 5 989 1 Healthcare 3,641 209 6 3,856 3 3 1 7 3,849 2 Consumer discretionary and services 9,083 929 240 10,252 5 16 117 138 10,114 -51 Consumer durables 2,307 262 47 2,616 1 3 16 20 2,596 8 Media and entertainment 1,180 155 29 1,364 0 4 10 14 1,350 17 Retail trade 2,965 395 108 3,468 2 7 67 76 3,392 -80 Air transportation 173 1 0 174 0 0 0 0 174 0 Accommodation and leisure 1,527 94 55 1,676 1 2 24 27 1,649 3 Telecommunication services 931 22 1 954 1 0 0 1 953 1 Industrials 34,104 3,601 728 38,433 24 72 260 356 38,077 13 Materials 2,204 314 84 2,602 1 7 12 20 2,582 14 Capital goods 4,334 630 47 5,011 3 12 18 33 4,978 9 Commercial and professional services 6,682 511 129 7,322 5 14 61 80 7,242 -21 Construction 8,014 799 155 8,968 7 12 66 85 8,883 11 Wholesale trade 6,703 876 200 7,779 3 20 75 98 7,681 -7 Land transportation 2,594 237 34 2,865 2 4 7 13 2,852 9 IT services 3,573 234 79 3,886 3 3 21 27 3,859 -2 Maritime 5,219 67 0 5,286 1 0 1 2 5,284 1 Ship building 92 31 0 123 0 0 0 0 123 0 Shipping 4,625 28 0 4,653 1 0 1 2 4,651 1 Maritime services 502 8 0 510 0 0 0 0 510 0 Utilities and public service 7,574 145 93 7,812 2 2 61 65 7,747 -27 Utilities distribution 4,671 120 90 4,881 1 2 58 61 4,820 -29 Power production 2,339 4 1 2,344 0 0 1 1 2,343 1 Public services 564 21 2 587 1 0 2 3 584 1 Real estate 45,250 1,380 117 46,747 9 9 36 54 46,693 30 Other industries and reimbursement rights 2,291 120 4 2,415 0 1 1 2 2,413 -11 Total Corporate 134,056 7,384 1,389 142,829 53 123 545 721 142,108 -30 Housing loans 137,140 4,965 838 142,943 19 41 131 191 142,752 8 Collateralised lending 11,769 1,596 359 13,724 8 19 106 133 13,591 -19 Non-collateralised lending 3,672 790 234 4,696 4 21 78 103 4,593 -8 Household 152,581 7,351 1,431 161,363 31 81 315 427 160,936 -19 Public sector 3,189 53 8 3,250 1 0 0 1 3,249 2 Lending to the public 289,826 14,788 2,828 307,442 85 204 860 1,149 306,293 -47 Lending to central banks and credit institutions 1,719 21 0 1,740 2 0 0 2 1,738 0 Total 291,545 14,809 2,828 309,182 87 204 860 1,151 308,031 -47 1 The table shows net loan losses related to on- and off-balance sheet exposures for September 2026 year to date.

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Nordea Third-Quarter Financial Report 2026 48 Q3 Note 11 Continued Loans to the public measured at amortised cost, broken down by sector and industry 31 Dec 2025 Gross Allowances Loans carrying amount Net loan EURm Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total losses1 Financial institutions 18,413 323 20 18,756 6 10 13 29 18,727 21 Agriculture 4,525 175 68 4,768 6 6 27 39 4,729 11 Crops, plantations and hunting 695 82 35 812 1 5 13 19 793 3 Animal husbandry 507 56 30 593 1 1 14 16 577 9 Fishing and aquaculture 3,323 37 3 3,363 4 0 0 4 3,359 -1 Natural resources 2,246 303 25 2,574 2 3 11 16 2,558 3 Paper and forest products 1,406 272 20 1,698 1 2 10 13 1,685 -1 Mining and supporting activities 584 30 4 618 1 0 1 2 616 1 Oil, gas and offshore 256 1 1 258 0 1 0 1 257 3 Consumer staples 5,814 308 26 6,148 4 9 10 23 6,125 6 Food processing and beverages 1,744 142 14 1,900 2 5 5 12 1,888 2 Household and personal products 734 37 4 775 0 1 3 4 771 1 Healthcare 3,336 129 8 3,473 2 3 2 7 3,466 3 Consumer discretionary and services 9,233 882 603 10,718 6 25 241 272 10,446 -8 Consumer durables 2,178 309 84 2,571 1 4 41 46 2,525 5 Media and entertainment 1,108 144 155 1,407 1 6 24 31 1,376 6 Retail trade 3,774 333 301 4,408 3 12 149 164 4,244 -19 Air transportation 188 1 3 192 0 0 1 1 191 1 Accommodation and leisure 1,161 91 59 1,311 1 3 26 30 1,281 -3 Telecommunication services 824 4 1 829 0 0 0 0 829 2 Industrials 28,535 3,388 686 32,609 25 105 266 396 32,213 -35 Materials 1,961 329 72 2,362 2 13 14 29 2,333 -4 Capital goods 3,706 620 44 4,370 3 19 18 40 4,330 -2 Commercial and professional services 5,970 551 126 6,647 6 16 48 70 6,577 -22 Construction 6,580 776 190 7,546 7 17 93 117 7,429 11 Wholesale trade 4,898 743 132 5,773 2 31 53 86 5,687 -11 Land transportation 2,617 153 44 2,814 2 4 19 25 2,789 -2 IT services 2,803 216 78 3,097 3 5 21 29 3,068 -5 Maritime 4,497 53 2 4,552 2 1 0 3 4,549 5 Ship building 34 11 0 45 0 0 0 0 45 2 Shipping 4,000 28 1 4,029 2 0 0 2 4,027 3 Maritime services 463 14 1 478 0 1 0 1 477 0 Utilities and public service 7,312 186 93 7,591 4 4 31 39 7,552 0 Utilities distribution 4,207 113 86 4,406 2 2 28 32 4,374 -4 Power production 2,429 11 1 2,441 1 0 0 1 2,440 3 Public services 676 62 6 744 1 2 3 6 738 1 Real estate 41,590 1,472 149 43,211 13 13 66 92 43,119 0 Other industries and reimbursement rights 2,217 117 4 2,338 1 0 0 1 2,337 2 Total Corporate 124,382 7,207 1,676 133,265 69 176 665 910 132,355 5 Housing loans 132,451 5,342 832 138,625 29 51 132 212 138,413 -11 Collateralised lending 12,168 1,002 354 13,524 15 20 112 147 13,377 -18 Non-collateralised lending 4,027 691 248 4,966 6 28 64 98 4,868 4 Household 148,646 7,035 1,434 157,115 50 99 308 457 156,658 -25 Public sector 3,603 56 22 3,681 1 0 1 2 3,679 -1 Lending to the public 276,631 14,298 3,132 294,061 120 275 974 1,369 292,692 -21 Lending to central banks and credit institutions 7,798 18 3 7,819 2 0 3 5 7,814 0 Total 284,429 14,316 3,135 301,880 122 275 977 1,374 300,506 -21 1 The table shows net loan losses related to on- and off-balance sheet exposures for the full year 2025.

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Nordea Third-Quarter Financial Report 2026 49 Q3 Note 12 Classification of financial instruments Fair value through profit or loss (FVPL) Fair value through other com- prehensive income (FVOCI) Amortised cost (AC) Mandatorily Designated at fair value through profit or loss (fair value option) Total EURm Financial assets Cash and balances with central banks 43,626 - - - 43,626 Loans to central banks 340 1,251 - - 1,591 Loans to credit institutions 1,398 3,514 - - 4,912 Loans to the public 306,293 93,270 - - 399,563 Interest-bearing securities 6,422 31,908 5,851 45,144 89,325 Shares - 42,825 - - 42,825 Assets in pooled schemes and unit-linked investment contracts - 79,908 1,447 - 81,355 Derivatives - 21,900 - - 21,900 Fair value changes of hedged items in portfolio hedge of interest rate risk -369 - - - -369 Other assets 1,674 6,197 - - 7,871 Prepaid expenses and accrued income 475 - - - 475 Total 30 Sep 2026 359,859 280,773 7,298 45,144 693,074 Total 31 Dec 2025 345,534 247,559 6,966 43,104 643,163 Fair value through profit or loss (FVPL) Amortised cost (AC) Mandatorily Designated at fair value through profit or loss (fair value option) Total EURm Financial liabilities Deposits by credit institutions 13,885 24,324 - 38,209 Deposits and borrowings from the public 232,735 26,257 - 258,992 Deposits in pooled schemes and unit-linked investment contracts - - 83,239 83,239 Debt securities in issue 154,642 - 54,225 208,867 Derivatives - 21,813 - 21,813 Fair value changes of hedged items in portfolio hedge of interest rate risk -1,303 - - -1,303 Other liabilities1 4,412 11,086 - 15,498 Accrued expenses and prepaid income 7 - - 7 Subordinated liabilities 7,377 - - 7,377 Total 30 Sep 2026 411,755 83,480 137,464 632,699 Total 31 Dec 2025 386,185 70,473 126,497 583,155 1 Of which lease liabilities classified in the category “Amortised cost” amount to EUR 1,013m.

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Nordea Third-Quarter Financial Report 2026 50 Q3 Note 13 Fair value of financial assets and liabilities 30 Sep 2026 31 Dec 2025 Carrying amount Fair value Carrying amount Fair value EURm Financial assets Cash and balances with central banks 43,626 43,626 38,206 38,206 Loans 405,697 406,983 392,698 394,083 Interest-bearing securities 89,325 89,188 79,872 79,834 Shares 42,825 42,825 39,587 39,587 Assets in pooled schemes and unit-linked investment contracts 81,355 81,355 69,801 69,801 Derivatives 21,900 21,900 17,633 17,633 Other assets 7,871 7,871 4,909 4,909 Prepaid expenses and accrued income 475 475 457 457 Total 693,074 694,223 643,163 644,510 Financial liabilities Deposits and debt instruments 512,142 514,074 481,524 482,529 Deposits in pooled schemes and unit-linked investment contracts 83,239 83,239 71,611 71,611 Derivatives 21,813 21,813 18,078 18,078 Other liabilities 14,485 14,485 10,889 10,889 Accrued expenses and prepaid income 7 7 8 8 Total 631,686 633,618 582,110 583,115 The determination of fair value is described in Note G3.4 “Fair value” in the 2025 Annual Report. Note 14 Financial assets and liabilities held at fair value on the balance sheet Categorisation in the fair value hierarchy Quoted prices in active markets for the same instruments (Level 1) Valuation technique using observable data (Level 2) Valuation technique using non- observable data (Level 3) Of which Life & Pension Of which Life & Pension Of which Life & Pension Total EURm Assets at fair value on the balance sheet 1 Loans to central banks - - 1,251 - - - 1,251 Loans to credit institutions - - 3,119 - 395 - 3,514 Loans to the public - - 93,243 - 27 - 93,270 Interest-bearing securities 29,777 1,267 51,604 4,482 1,522 380 82,903 Shares 40,009 26,022 638 566 2,178 831 42,825 Assets in pooled schemes and unit-linked investment contracts 79,783 76,022 965 965 607 607 81,355 Derivatives 187 - 19,336 22 2,377 - 21,900 Other assets - - 6,197 - - - 6,197 Total 30 Sep 2026 149,756 103,311 176,353 6,035 7,106 1,818 333,215 Total 31 Dec 2025 128,338 88,715 164,118 6,213 5,173 1,666 297,629 Liabilities at fair value on the balance sheet 1 Deposits by credit institutions - - 24,323 - 1 - 24,324 Deposits and borrowings from the public - - 26,257 - - - 26,257 Deposits in pooled schemes and unit-linked investment contracts - - 83,239 79,585 - - 83,239 Debt securities in issue 13,705 - 39,007 - 1,513 - 54,225 Derivatives 152 - 19,506 180 2,155 - 21,813 Other liabilities 2,846 - 8,219 - 21 - 11,086 Total 30 Sep 2026 16,703 - 200,551 79,765 3,690 - 220,944 Total 31 Dec 2025 4,549 - 189,749 67,650 2,672 - 196,970 1 All items are measured at fair value on a recurring basis at the end of each reporting period. Transfers between Levels 1 and 2 During the period Nordea transferred “Interest-bearing securities” of EUR 2,124m from Level 1 to Level 2 and of EUR 4,992m from Level 2 to Level 1 in the fair value hierarchy. Furthermore, Nordea transferred “Debt securities in issue” of EUR 1,723m from Level 1 to Level 2 and of EUR 12,341m from Level 2 to Level 1. Nordea also transferred “Other liabilities” of EUR 132m from Level 1 to Level 2 and of EUR 478m from Level 2 to Leve l 1. The transfers from Level 1 to Level 2 were due to the instruments ceasing to be actively traded during the period, which meant that fair values were obtained using valuation techniques with observable market inputs. The transfers from Level 2 to Level 1 were due to the instruments again being actively traded during the period, which meant that quoted prices were obtained in the market. Transfers between levels are considered to have occurred at the end of the pe riod.

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Nordea Third-Quarter Financial Report 2026 51 Q3 Note 14 Continued Movements in Level 3 Fair value gains/losses recognised in the income statement during the period 1 Jan Rea- lised Un- reali- sed Recog- nised in OCI Purchases / Issues Sales Settle- ments Transfers into Level 3 Transfer s out of Level 3 Transla- tion diff- erences 30 Sep EURm Loans to credit institutions - - - - 395 - - - - - 395 Loans to the public - - 1 - 26 - - - - - 27 Interest-bearing securities 1,209 31 -6 -5 652 -129 -352 117 -22 27 1,522 - of which Life & Pension 382 16 -12 - 34 -52 -16 15 -8 21 380 Shares 2,132 62 11 - 231 -254 -27 21 - 2 2,178 - of which Life & Pension 801 28 -5 - 46 -25 -26 17 - -5 831 Assets in pooled schemes and unit-linked investment contracts 482 7 18 - 63 -25 -6 82 -1 -13 607 - of which Life & Pension 482 7 18 - 63 -25 -6 82 -1 -13 607 Derivatives (net) 283 -5 -165 - 75 -128 39 58 -19 84 222 Other assets 1 - - - - - -1 - - - - - of which Life & Pension 1 - - - - - -1 - - - - Deposits by credit institutions - - - - 1 - - - - - 1 Debt securities in issue 1,442 65 -1 - 446 - -298 6 -142 -5 1,513 Other liabilities 164 - -47 - 16 0 -112 - - - 21 Total 2026, net 2,501 30 -93 -5 979 -536 63 272 100 105 3,416 Total 2025, net 3,796 232 -328 -3 -480 -633 13 496 -696 45 2,442 Unrealised gains and losses relate to those assets and liabilities held at the end of the reporting period. The transfers out of Level 3 were due to observable market data becoming available. The transfers into Level 3 were due to observable market data no longer being avai lable. Transfers between levels are considered to have occurred at the end of the reporting period. Fair value gains and losses in the income statement during the period are included in “Net result from items at fair value”. Assets and li abilities related to derivatives are presented net. Valuation processes for fair value measurements in Level 3 For information about the valuation processes for fair value measurement in Level 3, see Note G3.4 “Fair value” in the 2025 A nnual Report. Deferred Day 1 profit The transaction price for financial instruments in some cases differs from the fair value at initial recognition measured usi ng a valuation model, mainly due to the fact that the transaction price is not established in an active market. If there are significant unobservab le inputs used in the valuation technique (Level 3), the financial instrument is recognised at the transaction price and any difference between the transaction price and fair value at initial recognition measured using a valuation model (Da y 1 profit) is deferred. For more information, see Note G3.4 “Fair value” in the 2025 Annual Report. The table below shows the aggregated difference yet to be recognised in the income statement at th e beginning and end of the period. The table also shows a reconciliation of how this aggregated difference changed during the period (movemen t of deferred Day 1 profit). Deferred Day 1 profit – derivatives, net 2026 2025 EURm Opening balance as at 1 Jan 72 70 Deferred profit on new transactions 33 37 Recognised in the income statement during the period 1 -39 -31 Closing balance as at 30 Sep 66 76 1 Of which EUR -8m (EUR -2m) is due to transfers of derivatives from Level 3 to Level 2.

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Nordea Third-Quarter Financial Report 2026 52 Q3 Note 14 Continued Valuation techniques and inputs used in the fair value measurements in Level 3 Fair value Of which Life & Pension1 Valuation techniques Unobservable input Range of fair value4 EURm Loans Loans to credit institutions 395 - Discounted cash flows Interest rate -1/1 Loans to the public 27 - Discounted cash flows Interest rate 0/0 Total 30 Sep 2026 422 - -1/1 Total 31 Dec 2025 - - -/- Interest-bearing securities Public bodies 374 26 Discounted cash flows Credit spread -36/36 Mortgage and other credit institutions 767 211 Discounted cash flows Credit spread -65/65 Corporates2 381 143 Discounted cash flows Credit spread -29/29 Total 30 Sep 2026 1,522 380 -130/130 Total 31 Dec 2025 1,209 382 -92/92 Shares Private equity funds 1,364 518 Net asset value3 -149/149 Hedge funds 158 158 Net asset value3 -14/14 Credit funds 413 15 Net asset value/market consensus3 -41/41 Other funds 137 115 Net asset value/fund prices3 -10/10 Other5 713 632 - -84/84 Total 30 Sep 2026 2,785 1,438 -298/298 Total 31 Dec 2025 2,614 1,283 -259/259 Derivatives, net Interest rate derivatives 52 - Option model Correlations -6/6 Volatilities Equity derivatives -35 - Option model Correlations -4/3 Volatilities Dividends Foreign exchange derivatives 250 - Option model Correlations -4/4 Volatilities Credit derivatives -45 - Credit derivative model Correlations -4/4 Volatilities Recovery rates Total 30 Sep 2026 222 - -18/17 Total 31 Dec 2025 283 - -21/17 Deposits Deposits by credit institutions 1 - Discounted cash flows Interest rate 0/0 Total 30 Sep 2026 1 - 0/0 Total 31 Dec 2025 - - - Debt securities in issue Issued structured bonds -1,513 - Credit derivative model Correlations -7/7 Recovery rates Volatilities Total 30 Sep 2026 -1,513 - -7/7 Total 31 Dec 2025 -1,442 - -7/7 Other, net Other assets and other liabilities, net -21 - - - -2/2 Total 30 Sep 2026 -21 - -2/2 Total 31 Dec 2025 -163 1 -16/16 1 Investments in financial instruments are a major part of the life insurance business, acquired to fulfil the obligations behi nd the insurance and investment contracts. The gains or losses on these instruments are almost exclusively allocated to policyholders and consequently do not affect Nordea’s equity. 2 Of which EUR 150m is priced at a credit spread (the difference between the discount rate and the XIBOR) of 1.45%. A reasonabl e change in this credit spread would not affect the fair value due to callability features. 3 The fair values are based on prices and net asset values provided by external suppliers/custodians. The prices are fixed by t he suppliers/custodians based on the development in the assets behind the investments. For private equity funds, the dominant measurement methodology used by the suppliers/ custodians is consistent with the International Private Equity and Venture Capital Valuation (IPEV) guidelines issued by Inve st Europe. Approximately 65% of the private equity fund investments are internally adjusted/valued based on the IPEV guidelines. These c arrying amounts are in a range of 1% to 100% compared with the values received from suppliers/custodians. 4 The column “Range of fair value” shows the sensitivity of Level 3 financial instruments to changes in key assumptions. For mo re information, see Note G3.4 “Fair value” in the 2025 Annual Report. 5 Of which EUR 607m relates to assets in pooled schemes and unit -linked investment contracts.

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Nordea Third-Quarter Financial Report 2026 53 Q3 Note 15 Risks and uncertainties Nordea is subject to various legal regimes and requirements, including but not limited to those of the Nordic countries, the European Union and the United States. The supervisory and governmental authorities administering and enforcing these regimes make regular enquiries and conduct investigations with regard to Nordea’s compliance. Areas subject to investigation may include investment advice, anti-money laundering (AML), trade regulation and sanctions adherence, tax rules, competition law, consumer protection, governance, risk management and control. The outcome and timing of these enquiries and investigations are unclear and pending. Accordingly, it cannot be ruled out that these enquiries and investigations could lead to criticism against the bank, reputation loss, fines, sanctions, disputes and/or litigation. In June 2015 the Danish Financial Supervisory Authority investigated how Nordea Bank Danmark A/S had followed the regulations regarding AML. The outcome resulted in criticism and, in accordance with Danish administrative practice, the matter was handed over to the police for further handling and possible sanctions. On 5 July 2024 the Danish National Special Crime Unit filed a formal indictment against Nordea in the matter. As previously stated, Nordea has expected to be fined in Denmark for weak AML processes and procedures in the past and has made a provision for ongoing AML-related matters. There is a risk that, in the event fines are issued by authorities or by final court decisions, the related costs could be higher (or potentially lower) than the current provision, and this could also impact Nordea’s financial performance. Nordea believes that the current provision is adequate to cover these matters. Within the framework of normal business operations, Nordea faces a number of operational and legal risks that could result in reputational impacts, fines, sanctions, disputes, remediation costs, losses and/or litigation. Specifically, Nordea faces potential claims related to the provision of banking and investment services and other areas in which it operates. Currently, such claims are mainly related to lending and insolvency situations, various investment services, and sub-custody and withholding taxation matters. At present, none of the current claims are considered likely to have any significant adverse effect on Nordea or its financial position. Nordea also faces uncertainties associated with regulatory risks and supervisory decisions, including in relation to Nordea’s internal ratings-based capital models and risk exposure amount. There are significant risks related to the macroeconomic environment due to the ongoing geopolitical developments and trade tensions. Reduced consumer spending and lower activity may particularly impact small and medium-sized enterprises in certain industries. Depending on future developments, there may be increased credit risk in Nordea’s portfolio. Furthermore, potential adverse impacts on income could arise due to financial market volatility and reduced banking activity impacting transaction volumes and customer activity. Potential future credit risks are addressed in Note 11 and the section “Net loan losses and similar net result”. Depending on the duration and magnitude of the situation, there is a possibility that Nordea may not be able to meet its financial targets in very adverse scenarios. In addition, Nordea recognises an increase in the risk of hybrid warfare impacting its operations as a consequence of the geopolitical situation.

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Nordea Third-Quarter Financial Report 2026 54 Q3 Glossary Allocated equity (AE) A framework to allocate capital held by Nordea to its business areas. AE reflects Nordea’s anticipated equity in line with its capital policy to ensure sustainable, long-term capitalisation for the Nordea Group. To further align AE with accounting equity, Common Equity Tier 1 deductions and other equity items are included in AE. Allowances in relation to credit-impaired loans (stage 3) Allowances for impaired loans (stage 3) divided by impaired loans measured at amortised cost (stage 3) before allowances. Allowances in relation to loans in stages 1 and 2 Allowances for non-impaired loans (stages 1 and 2) divided by non-impaired loans measured at amortised cost (stages 1 and 2) before allowances. Impairment rate (stage 3), gross Impaired loans (stage 3) before allowances divided by total loans measured at amortised cost before allowances. Impairment rate (stage 3), net Impaired loans (stage 3) after allowances divided by total loans measured at amortised cost before allowances. Net interest margin Net interest income for the period as a percentage of average interest-earning assets, excluding Life & Pension and Markets, where return on assets is reported under Net result from items at fair value. Net loan loss ratio, amortised cost Net loan losses (annualised) divided by the quarterly closing balance of loans to the public (lending) measured at amortised cost. Return on allocated equity (RoAE) Operating profit after standard tax as a percentage of average allocated equity. Return on allocated equity with amortised regulatory fees Operating profit adjusted for the effect of regulatory fees on an amortised basis after standard tax as a percentage of average allocated equity. Return on equity Net profit for the period as a percentage of average equity for the period. Additional Tier 1 (AT1) capital, accounted for in equity, is classified as a financial liability in the calculation. Net profit for the period excludes non-controlling interests and interest expense on AT1 capital (discretionary interest accrued). Average equity includes net profit for the period and dividend until paid, and excludes non-controlling interests and AT1 capital. Return on equity with amortised regulatory fees Net profit for the period as a percentage of average equity for the period. Additional Tier 1 (AT1) capital, accounted for in equity, is classified as a financial liability in the calculation. Net profit for the period excludes non-controlling interests and interest expense on AT1 capital (discretionary interest accrued), and is adjusted for the effect of regulatory fees on an amortised basis after tax. Average equity includes net profit for the period and dividend until paid, and excludes non- controlling interests and AT1 capital. Return on risk exposure amount Net profit for the period as a percentage of average risk exposure amount for the period. Net profit for the period excludes non-controlling interests and interest expense on Additional Tier 1 capital (discretionary interest accrued). Return on tangible equity Net profit for the period as a percentage of average equity for the period. Additional Tier 1 (AT1) capital, accounted for in equity, is classified as a financial liability in the calculation. Net profit for the period excludes non-controlling interests and interest expense on AT1 capital (discretionary interest accrued). Average equity includes net profit for the period and dividend until paid, excludes non-controlling interests and AT1 capital, and is reduced with intangible assets. Tier 1 capital The Tier 1 capital of an institution consists of the sum of its Common Equity Tier 1 (CET1) capital and Additional Tier 1 (AT1) capital. CET1 capital consists of share capital, invested unrestricted equity, retained earnings, other reserves and accumulated other comprehensive income, after considering regulatory deductions and adjustments. AT1 capital consists of capital instruments that meet the applicable regulatory criteria after considering regulatory deductions. Tier 1 capital ratio Tier 1 capital as a percentage of the risk exposure amount. The Common Equity Tier 1 (CET1) capital ratio is defined as CET1 capital as a percentage of the risk exposure amount. Total allowance rate (stages 1, 2 and 3) Total allowances divided by total loans measured at amortised cost before allowances. For a list of further alternative performance measures and business definitions, see https://www.nordea.com/en/investor- relations/reports-and-presentations/group-interim-reports/ and the 2025 Annual Report.

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Nordea Third-Quarter Financial Report 2026 55 Q3 Nordea Bank Abp Income statement Q3 Q3 Jan-Sep Jan-Sep Jan-Dec 2026 2025 2026 2025 2025 EURm N o t e Operating income Interest income 3,280 2,997 9,214 9,385 12,257 Interest expense -1,917 -1,714 -5,244 -5,522 -7,105 Net interest income 1,363 1,283 3,970 3,863 5,152 Fee and commission income 647 624 1,948 1,878 2,515 Fee and commission expense -152 -156 -458 -472 -636 Net fee and commission income 495 468 1,490 1,406 1,879 Net result from securities at fair value through profit or loss 191 230 719 774 1,011 Net result from securities at fair value through fair value reserve 2 -1 5 10 28 Income from equity investments 0 0 1,484 1,446 1,739 Other operating income 129 174 437 598 754 Total operating income 2,180 2,154 8,105 8,097 10,563 Operating expenses Staff costs -697 -679 -2,236 -2,042 -2,731 Other administrative expenses -271 -268 -832 -830 -1,134 Other operating expenses -89 -40 -258 -229 -322 Depreciation, amortisation and impairment charges -151 -176 -444 -426 -570 Total operating expenses excl. regulatory fees -1,208 -1,163 -3,770 -3,527 -4,757 Regulatory fees -14 -14 -49 -42 -60 Total operating expenses -1,222 -1,177 -3,819 -3,569 -4,817 Profit before loan losses 958 977 4,286 4,528 5,746 Net loan losses -59 41 -52 16 -23 Operating profit 899 1,018 4,234 4,544 5,723 Appropriations -10 - -22 - - Income tax expense -215 -244 -665 -724 -989 Net profit for the period 674 774 3,547 3,820 4,734

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Nordea Third-Quarter Financial Report 2026 56 Q3 Nordea Bank Abp Balance sheet 30 Sep 31 Dec 30 Sep 2026 2025 2025 EURm Assets Cash and balances with central banks 41,457 36,338 35,141 Debt securities eligible for refinancing with central banks 85,987 78,724 77,383 Loans to credit institutions 83,357 87,447 86,022 Loans to the public 183,320 168,469 164,306 Interest-bearing securities 14,109 10,145 9,437 Shares 18,269 18,280 18,692 Investments in group undertakings 16,114 15,981 15,916 Investments in associated undertakings and joint ventures 69 71 70 Derivatives 22,924 18,241 18,242 Fair value changes of hedged items in portfolio hedges of interest rate risk -95 -56 -52 Intangible assets 1,795 1,749 1,717 Tangible assets 1,320 1,392 1,418 Deferred tax assets 36 28 49 Current tax assets 97 256 145 Retirement benefit assets 425 328 338 Other assets 8,095 5,361 12,502 Prepaid expenses and accrued income 523 450 449 Total assets 477,802 443,204 441,775 Liabilities Deposits by credit institutions and central banks 45,733 42,027 56,464 Deposits and borrowings from the public 265,911 250,302 233,074 Debt securities in issue 92,096 78,991 74,099 Derivatives 22,168 18,857 19,253 Fair value changes of hedged items in portfolio hedges of interest rate risk -1,303 -567 -428 Current tax liabilities 428 456 464 Other liabilities 16,839 14,602 21,477 Accrued expenses and prepaid income 972 881 909 Deferred tax liabilities 105 208 195 Provisions 401 337 349 Retirement benefit liabilities 255 251 242 Subordinated liabilities 7,377 8,810 8,342 Total liabilities 450,982 415,155 414,440 Appropriations 22 - - Equity Share capital 4,050 4,050 4,050 Invested unrestricted equity 1,068 1,077 1,071 Other reserves -80 -137 -149 Retained earnings 18,213 18,325 18,543 Net profit for the period 3,547 4,734 3,820 Total equity 26,798 28,049 27,335 Total liabilities and equity 477,802 443,204 441,775 Off-balance sheet commitments Commitments given to a third party on behalf of customers Guarantees and pledges 52,874 54,325 53,695 Other 548 454 551 Irrevocable commitments in favour of customers, other 106,495 105,179 103,265

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Nordea Third-Quarter Financial Report 2026 57 Q3 Nordea Bank Abp Note 1 Accounting policies The financial statements of the parent company, Nordea Bank Abp, are prepared in accordance with the Finnish Accounting Act, the Finnish Act on Credit Institutions, the Decree of the Finnish Ministry of Finance on the financial statements and consolidated financial statements of credit institutions and investment firms, and the regulations and guidelines of the Finnish Financial Supervisory Authority. Nordea Bank Abp applies IFRS Accounting Standards as adopted by the European Union (EU) for the recognition, measurement and presentation of financial instruments as required by the Finnish Act on Credit Institutions. Other IFRS Accounting Standards are also applied to the extent permitted by Finnish legislation. The accounting policies are unchanged from the 2025 Annual Report, except for those relating to the items presented in the section “Changed accounting policies and presentation” below. For more information, see the accounting policies in the 2025 Annual Report. Changed accounting policies and presentation New subtotal in the income statement A new subtotal, “Total operating expenses excluding regulatory fees”, has been added in the income statement. Regulatory fees constitute operating expenses over which Nordea has no control. Consequently, the new subtotal provides a more accurate representation of Nordea’s financial performance. Comparative figures have been restated accordingly. IFRS 16 Leases On 1 January 2026 Nordea Bank Abp adopted IFRS 16 Leases, as permitted under the Finnish Accounting Standards, to align its accounting policy and presentation of leases with the consolidated financial statements of the Group, which adopted IFRS 16 in 2019. Most of Nordea Bank Abp’s leases are related to office premises contracts; the rest are related to company cars and IT hardware. In accordance with IFRS 16, at the commencement date each lease should be accounted for on the balance sheet of the lessee as a right-of-use asset at cost and as a lease liability at the net present value of the future lease payments discounted using the lessee’s incremental borrowing rate at the commencement date of the lease contract. The right-of-use assets should subsequently be depreciated on a straight-line basis over the shorter of the asset’s useful life and the lease term, and the lease liabilities should be measured using the effective interest rate method and decreased by the lease payments made. See Note G5.4 “Leases” in the 2025 Annual Report for more information on the accounting policies. On adopting IFRS 16, Nordea Bank Abp restated all prior periods presented. Nordea Bank Abp recorded the cumulative effect of initially applying IFRS 16 as an adjustment to the opening equity of 1 January 2025. The impact can be found in the tables below. Restatements of the income statement Q3 2025 Jan-Sep 2025 Jan-Dec 2025 EURm Old policy Change New policy Old policy Change New policy Old policy Change New policy Operating income Interest income 2,997 0 2,997 9,385 0 9,385 12,257 0 12,257 Interest expense -1,705 -9 -1,714 -5,508 -14 -5,522 -7,086 -19 -7,105 Net interest income 1,292 -9 1,283 3,877 -14 3,863 5,171 -19 5,152 Net result from securities at fair value through profit or loss 238 -8 230 779 -5 774 1,018 -7 1,011 Other operating income 174 0 174 599 -1 598 756 -2 754 Total operating income 2,171 -17 2,154 8,117 -20 8,097 10,591 -28 10,563 Operating expenses Other operating expenses -120 80 -40 -350 121 -229 -482 160 -322 Depreciation, amortisation and impairment charges -105 -71 -176 -319 -107 -426 -428 -142 -570 Total operating expenses excl. regulatory fees -1,172 9 -1,163 -3,541 14 -3,527 -4,775 18 -4,757 Total operating expenses -1,186 9 -1,177 -3,583 14 -3,569 -4,835 18 -4,817 Profit before loan losses 985 -8 977 4,534 -6 4,528 5,756 -10 5,746 Operating profit 1,026 -8 1,018 4,550 -6 4,544 5,733 -10 5,723 Income tax expense -245 1 -244 -725 1 -724 -991 2 -989 Net profit for the period 781 -7 774 3,825 -5 3,820 4,742 -8 4,734

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Nordea Third-Quarter Financial Report 2026 58 Q3 Restatements of the balance sheet 30 Sep 2025 31 Dec 2025 1 Jan 2025 EURm Old policy Change New policy Old policy Change New policy Old policy Change New policy Assets Loans to the public 164,304 2 164,306 168,467 2 168,469 151,977 2 151,979 Tangible assets 232 1,186 1,418 233 1,159 1,392 224 1,257 1,481 Deferred tax assets 46 3 49 25 3 28 25 2 27 Prepaid expenses and accrued income 608 -159 449 599 -149 450 987 -185 802 Total assets 440,743 1,032 441,775 442,189 1,015 443,204 422,465 1,076 423,541 Liabilities Other liabilities 20,416 1,061 21,477 13,554 1,048 14,602 12,659 1,101 13,760 Accrued expenses and prepaid income 910 -1 909 882 -1 881 1,257 -1 1,256 Provisions 358 -9 349 346 -9 337 376 -10 366 Total liabilities 413,389 1,051 414,440 414,117 1,038 415,155 394,339 1,090 395,429 Equity Retained earnings 18,557 -14 18,543 18,340 -15 18,325 18,121 -14 18,107 Profit or loss for the period 3,825 -5 3,820 4,742 -8 4,734 4,189 - 4,189 Total equity 27,354 -19 27,335 28,072 -23 28,049 28,126 -14 28,112 Total liabilities and equity 440,743 1,032 441,775 442,189 1,015 443,204 422,465 1,076 423,541

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Nordea Third-Quarter Financial Report 2026 59 Q3 For further information • A webcast will be held on 15 October at 11.00 EET (10.00 CET), during which Frank Vang-Jensen, President and Group CEO, will present the results. This will be followed by a Q&A audio session for investors and analysts with Frank Vang-Jensen, Ian Smith, Group CFO, and Ilkka Ottoila, Head of Investor Relations. • The event will be webcast live and the recording and presentation slides will be posted at www.nordea.com/ir. • The Q3 2026 report, investor presentation and factbook are available at www.nordea.com/ir. Contacts Frank Vang-Jensen President and Group CEO +358 9 4245 1006 Ian Smith Group CFO +45 55 47 83 72 Ilkka Ottoila Head of Investor Relations +358 9 5300 7058 Ulrika Romantschuk Head of Brand, Communication and Marketing +358 10 416 8023 Financial calendar 15 October 2026 – Third-quarter results 2026 28 January 2027 – Fourth-quarter and full-year results 2026 Week 8 2027 – Annual Report published 24 March 2027 – Annual General Meeting 22 April 2027 – First-quarter results 2027 15 July 2027 – Half-year results 2027 21 October 2027 – Third-quarter results 2027 Helsinki 14 October 2026 Nordea Bank Abp Board of Directors

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Nordea Third-Quarter Financial Report 2026 60 Q3 Nordea Bank Abp • Satamaradankatu 5 • 00020 Helsinki • www.nordea.com/ir • Tel. +358 200 70000 • Business ID 2858394-9 This report contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Nordea believes that the expectations reflected in such forward- looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Results could differ materially from those set out in the forward-looking statements due to various factors. These include but are not limited to (i) macroeconomic developments, (ii) changes in the competitive environment, (iii) changes in the regulatory environment and other government actions, and (iv) changes in interest rates and foreign exchange rates. This report does not imply that Nordea has undertaken to revise these forward-looking statements beyond what is required by applicable law or applicable stock exchange regulations if and when circumstances arise that lead to changes following their publication.

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Nordea Third-Quarter Financial Report 2026 61 Q3 Report on review of interim financial information of Nordea Bank Abp for the nine -month-period ended 30 September 2026 To the Board of Directors of Nordea Bank Abp Introduction We have reviewed the accompanying condensed interim financial information of Nordea Bank Abp, which comprises the condensed consolidated balance sheet as of 30 September 2026, income statement, statement of comprehensive income, statement of changes in equity and cash flow statement for the nine-month-period then ended and notes, comprising material accounting policy information and other explanatory notes, for Nordea Bank Group. The condensed interim financial information also comprises the parent company Nordea Bank Abp’s balance sheet as of 30 September 2026, income statement for the nine-month-period then ended and note with accounting policy information. The Board of Directors and the Managing Director are responsible for the preparation and presentation of the condensed consolidated interim financial information in accordance with International Accounting Standard (IAS) 34, “Interim Financial Reporting”, and for the preparation and presentation of the balance sheet and income statement and the note with accounting policy information of the parent company in accordance with the laws and regulations governing the preparation of balance sheet and income statement in Finland. Our responsibility is to express a conclusion on this condensed interim financial information based on our review. Scope of Review We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim financial information of Nordea Bank Abp for the nine months period ended on 30 September 2026 is not prepared, in all material respects, as regards the Group consolidated financial information, in accordance with International Accounting Standard (IAS) 34, “Interim Financial Reporting”, or that the parent company financial information, is not prepared, in all material respects, in accordance with the laws and regulations governing the preparation of balance sheet and income statement in Finland. Helsinki 14 October 2026 PricewaterhouseCoopers Oy Authorised Public Accountants Jukka Paunonen Authorised Public Accountant (KHT)

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