Stock exchange release 18 July 2022
Nordea Mortgage Bank Plc: Half-year financial report January-June 2022
Nordea Mortgage Bank Plc's Half-year financial report and Alternative performance measures have been published. The documents are attached to this release and they are available on the Internet at http://www.nordea.com/en/investor-relations/reports-and-presentations/. Only information having material influence on the value of securities is included in this stock exchange release.
This statutory half-year report covers the operations of the legal entity Nordea Mortgage Bank Plc. Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank Abp, the listed parent company of the whole Nordea Group. The half-year report of Nordea Bank Abp comprises the operations of the Nordea Group as a whole and gives the best overview of the Group.
Summary of the first half of 2022:
- The operating profit of Nordea Mortgage Bank amounted to EUR 65.2m
- Net interest income totalled EUR 139.5m
- Total operating income was EUR 157.0m
- Total operating expenses were EUR 83.9m.
- Net loan losses totalled EUR 7.9m.
- Loans to the public amounted to EUR 31,690.8m.
- Debt securities in issue totalled EUR 21,368.0m.
- The size of the cover pool was EUR 24,029.4m and overcollateralization 16.2%.
| Summary key figures |
Jan-Jun
2022 |
Jan-Jun
2021 |
Change
% |
Full year
2021 |
| Net interest income, EURm |
139.5 |
128.9 |
8 |
262.6 |
| Total operating income, EURm |
157.0 |
135.8 |
16 |
276.2 |
| Total operating expenses, EURm |
-83.9 |
-77.8 |
8 |
-147.9 |
| Profit before loan losses, EURm |
73.1 |
58.0 |
26 |
128.3 |
| Net loan losses, EURm |
-7.9 |
-34.4 |
-77 |
-40.2 |
| Operating profit, EURm |
65.2 |
23.6 |
176 |
88.1 |
| Loan loss ratio, annualised, bps |
5.0 |
23.1 |
|
13.0 |
| Return on equity, % |
7.5 |
3.1 |
|
5.7 |
| Tier 1 capital ratio, % |
38.4 |
28.2 |
|
31.3 |
| Total capital ratio, % |
38.9 |
33.6 |
|
31.9 |
| Number of employees (full time equivalents) |
13 |
13 |
|
13 |
Helsinki, 18 July 2022
Nordea Mortgage Bank Plc
Board of Directors
Additional information:
Jussi Pajala, Chief Executive Officer + 358 40 545 3859
Heikki Jousi, Chief Financial Offic + 358 40 516 2971
Link: Nordea Mortgage Bank Plc, Half-year financial report January-June 2022
http://www.rns-pdf.londonstockexchange.com/rns/8087S_1-2022-7-18.pdf
Link: Nordea Mortgage Bank Plc, Alternative Performance Measures January-June 2022
http://www.rns-pdf.londonstockexchange.com/rns/8087S_2-2022-7-18.pdf
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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