Nordea’s Q1 earnings continued a familiar trend with few surprises and most P&L items in line or slightly above expectations. The highlight of the report was the surprisingly strong growth in corporate lending (11% y/y), with good momentum in both LC&I and Business Banking in the quarter supporting overall lending growth and the NII trajectory going forward. Apart from this the main surprise was the release of the remaining management judgment buffer, which led to net reversals of EUR 99m in the ....
