Nordea EN English Dansk Norsk Suomi Svenska Outlook & financial targets Breadcrumb Home Investors Nordea in figures Outlook & financial targets Outlook (updated 21 July 2021) Capital policy A management buffer of 150-200bp above the regulatory CET1 requirement, from 1 January 2021. Costs New: Total costs for 2021 are expected to be around EUR 4.6bn Previous: Total costs for 2021 are expected to be below EUR 4.6bn Credit quality New: Net loan losses in 2021 are expected to be significantly below the 2020 level. Previous: - Financial targets 2022 50% Cost/income ratio in FY22 >10% Return on equity in FY22 Dividend policy Nordea’s capital and dividend policy includes both dividends and buy-backs as tools for capital distribution to shareholders. Our aim is to pay out 60-70% of the profit of the financial year to shareholders. In addition, buy-backs are intended to be used for distributing excess capital to our shareholders. Read more about Nordea's dividend Share this page Find out more Sustainability at Nordea Read about Nordea's ambitions and objectives for sustainability Sustainability ambitions Nordea's leadership team Read more about Nordea's CEO and his leadership team Nordea's leadership team Nordea's key figures Nordea´s key figures on both annual and quarterly basis Key financial figures About us Who we are Nordea in society Corporate governance Investors Nordea in figures Reports & presentations Share News & insights Press room Economic Outlook Blogs Careers Vacant positions Join us Locations Sustainability Sustainability at Nordea Sustainable Choice Reports Our services Corporates & institutions Small & medium businesses Personal customers Contact us General terms Privacy policy Cookies Accessibility Site feedback Nordea Bank © 2021 Nordea’s use of cookies Dansk Norsk Suomi Svenska Nordea uses own cookies as well as cookies from third parties. Cookies are used to enhance your online experience and to remember your preferences, for example language. Cookies are also used to analyse web traffic and to show you targeted ads in our own and third parties’ online media. We ask for your consent to use such cookies, except for necessary cookies which are needed to run our website. If you click on “Settings” below, you are able to decide which cookies you want to consent to. By clicking “Accept all cookies” you consent to all cookies from Nordea and our third-party collaborators. You can change or withdraw your consent at any time. You can read more about the use of cookies and how you can withdraw your consent in our cookie policy. Accept all cookies Settings