Nordea Mortgage Bank Plc: Annual Report 2023
Nordea Mortgage Bank Plc
Stock exchange release - Annual Report
19 February 2024 at 16.00 EET
Nordea Mortgage Bank Plc's Annual Report, Corporate Governance Report and Alternative performance measures have been published. The documents are attached to this release and they are available on nordea.com. Only information having material influence on the value of securities is included in this stock exchange release.
The Annual Report now published covers the operations of Nordea Mortgage Bank Plc in Finland. Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank Abp. The financial statements of Nordea Bank Abp comprise the operations of the Nordea Group as a whole and give the best overview of the Group.
Summary of the year 2023:
- The operating profit of Nordea Mortgage Bank amounted to EUR 101.8m
- Net interest income totalled EUR 265.7m
- Total operating income was EUR 262.2m
- Total operating expenses were EUR 144.0m.
- Net loan losses totalled EUR 16.4m.
- Loans to the public amounted to EUR 31,066.0m.
- Debt securities in issue amounted to EUR 19,931.4m.
- The combined size of the cover pools was EUR 25,088.0m and overcollateralization 27.4%.
| Summary of the key figures |
2023 |
2022 |
Change
% |
| Net interest income, EURm |
265.7 |
269.2 |
-1 |
| Total operating income, EURm |
262.2 |
284.1 |
-8 |
| Total operating expenses, EURm |
-144.0 |
-154.9 |
-7 |
| Profit before loan losses, EURm |
118.2 |
129.2 |
-8 |
| Net loan losses, EURm |
-16.4 |
-20.3 |
-19 |
| Operating profit, EURm |
101.8 |
108.9 |
-6 |
| Loan loss ratio, annualised, bps |
5.3 |
6.3 |
|
| Return on equity, % |
5.1 |
5.7 |
|
| Tier 1 capital ratio, % |
39.8 |
40.1 |
|
| Total capital ratio, % |
40.3 |
40.6 |
|
| Number of employees (full time equivalents) |
14 |
14 |
|
Helsinki, 19 February 2024
Nordea Mortgage Bank Plc
Board of Directors
For further information:
Jussi Pajala, Chief Executive Officer, + 358 40 545 3859
Heikki Jousi, Chief Financial Officer, + 358 40 516 2971
attachments:
Nordea Mortgage Bank Plc, Annual Report 2023
http://www.rns-pdf.londonstockexchange.com/rns/6530D_3-2024-2-19.pdf
Nordea Mortgage Bank Plc, Corporate Governance Report 2023
http://www.rns-pdf.londonstockexchange.com/rns/6530D_2-2024-2-19.pdf
Nordea Mortgage Bank Plc, Alternative Performance Measures 2023
http://www.rns-pdf.londonstockexchange.com/rns/6530D_1-2024-2-19.pdf
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