• Adjusted C/I ratio %: Adjusted operating expenses before credit losses in relation to adjusted operating income.
• Adjusted operating expenses before credit losses [1]: Expenses before credit losses, adjusted for items affecting comparability over the period.
• Adjusted operating expenses in relation to savings capital [1]: Adjusted operating expenses before credit losses (annualized, when relevant) in relation to the average quarterly savings capital for the same period (calculated as the average quarterly savings capital that includes the opening amount at the beginning of the current period and the closing amounts at the end of each quarter that is included in the current period).
• Adjusted operating income [1]: Total operating income adjusted for items affecting comparability over the period.
• Adjusted operating income in relation to savings capital [1]: Adjusted operating income (annualized, when relevant) in relation to the average quarterly savings capital for the same period (calculated as the average quarterly savings capital that includes the opening amount at the beginning of the current period and the closing amounts at the end of each quarter that is included in the current period).
• Adjusted operating margin [1]: The adjusted operating profit in relation to adjusted operating income.
• Adjusted operating profit [1]: Profit for the period adjusted for items affecting comparability. Items affecting comparability are items reported separately due to their nature and amount.
• Adjusted profit [1]: Profit for the period adjusted for items affecting comparability over the period.
• Adjusted profit before amortization of intangible assets in purchase consideration allocation [1]: The profit for the period after tax adjusted for items affecting comparability and excluding amortization of intangible assets from acquisitions of companies (purchase consideration allocation). Items affecting comparability have illustratively been taxed at an assumed tax rate of 20 percent insofar as such items affecting comparability are deductible and/or give rise to a tax expense. The amortization of the purchase consideration allocation is not deductible and has accordingly not been illustratively taxed.
• Adjusted profit before amortization of intangible assets in purchase consideration allocation per share before and after dilution [1]: The profit for the period after deduction of interest on additional Tier 1 capital adjusted for items affecting comparability and excluding amortization of intangible assets from acquisitions of companies (purchase consideration allocation) per share before and after dilution.
• Adjusted return on equity [1,2]: Return on equity calculated as the period’s annualized adjusted accumulated profit, including interest on additional Tier 1 capital and associated periodized transaction expenses net after tax recognized in equity, in relation to the average of equity excluding Tier 1 capital over the corresponding period. The average of equity excluding Tier 1 capital is calculated based on opening, quarterly and closing equity for the period in question.
• Adjusted return on equity excluding intangible assets [1,2]: Return on equity calculated as the period’s annualized adjusted accumulated profit, including interest on additional Tier 1 capital and associated periodized transaction expenses net after tax recognized in equity, excluding amortization related to acquisitions in relation to the average of equity excluding Tier 1 capital and intangible assets over the corresponding period. The average of equity excluding Tier 1 capital and intangible assets is calculated based on opening, quarterly and closing equity for the period in question.
• Annual customer growth [1]: Annual growth rate in customers over the period.
• Average savings capital per customer – rolling 12 months [1]: The average quarterly savings capital per customer for the current period (calculated as the average quarterly savings capital per customer that includes the opening KPI at the beginning of the current period and the closing KPI at the end of every quarter that is included in the current period).
• Capital base [3]: The sum of Core Tier 1 capital and Tier 2 capital.
• Cash deposits at end of period [1]: Deposits and borrowing from the public including deposits attributable to liabilities in the insurance operations at end of period.
• Cash market [1]: Cash market refers to trade in shares, warrants, ETFs, certificates, bonds and similar instruments.
• C/I ratio excluding operating losses[4]: Total expenses before credit losses in relation to total operating income.
• Core Tier 1 capital [3]: Equity excluding unrevised profit, proposed dividend, deferred taxes and intangible assets and some further adjustments in accordance with the EU capital requirements regulation no. 575/2013 (CRR) and EU 241/2014.
• Core Tier 1 capital ratio [3]: Core tier 1 capital divided by total risk-weighted exposure amount.
• Earnings per share [1]: Profit for the period, including interest on additional Tier 1 capital and associated periodized transaction expenses net after tax recognized in equity, in relation to weighted average number of ordinary shares before and after dilution.
• Equity excluding intangible assets [4]: Total equity less intangible assets.
• Lending at end of period [1]: Lending to the public at the end of the period.
• Lending excluding pledged cash and equivalents [1]: Lending to the public, excluding lending through account credits that are fully covered by pledged cash and cash equivalents on endowment insurance plans and investment savings accounts (ISKs), where the lending rate applied to the credits corresponds to the deposit rate on the pledged cash and cash equivalents.
• Lending/deposits [1]: Lending to the public at the end of the period in percentage of deposits from the public at the end of the period.
• Leverage ratio [1]: Tier 1 capital as a percentage of the total exposure amount.
• Net savings [1]: New deposits of cash and cash equivalents and securities, less withdrawals of cash and cash equivalents and securities.
• Number of customers [4]: Number of natural persons and legal entities who hold at least one account with a value of SEK 0 or more, or who had an active credit commitment at the end of the period.
• Number of full-time employees at end of period [4]: Number of full-time positions, including fixed-term employees, but excluding staff on parental leave and leaves of absence, at the end of the period.
• Number of trades [4]: A registered transaction on the stock exchange or in the marketplace. Orders sometimes involve several trades.
• Number of trading days [4]: Number of days on which the relevant exchanges are open.
• Number of trades per trading day [4]: Number of trades during the period divided by the number of trading days in Sweden during the period.
• Operating expenses [3]: Operating expenses before credit losses.
• Operating margin [4]: Operating profit in relation to total operating income.
• Profit margin [4]: Profit for the period in relation to operating income.
• Return on equity [1,2]: Return on equity calculated as the period’s annualized accumulated profit, including interest on additional Tier 1 capital and associated periodized transaction expenses net after tax recognized in equity, in relation to the average of equity excluding Tier 1 capital over the corresponding period. The average of equity excluding Tier 1 capital is calculated based on opening, quarterly and closing equity for the period in question.
• Savings capital [1]: Total of cash and cash equivalents and value of securities for all active accounts.
• Savings ratio [1]: Net savings over the past 12 months as a percentage of savings capital 12 months ago.
• Total capital ratio [1]: Total capital base in relation to risk-weighted exposure amount.
• Traded value cash market [1]: Cash market refers to trade in shares, warrants, ETFs, certificates, bonds and similar instruments.

[1] Financial key figures that can be deduced from historical financial data published quarterly at https://nordnetab.com/investors/financials/
[2] Annualization is calculated as the denominator for the period divided by the quotient of the number of quarters in the period and the number of quarters per year.
[3] Definitions according to IFRS and the EU’s capital requirement regulation no. 575/2013 (CRR) and according to the EU’s Solvency 2 directive 2015/35
[4] Financial key figures that are directly reconcilable with the financial statements.