16.07.2015 14:38:00
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Nordea Pankki Suomi Oyj: Nordea Bank Finland Plc: Interim Report January-June 2015
Regulatory News:
The interim report of Nordea Bank Finland Plc (HEX:NDA1V) has been published. Only information having material influence on the value of securities is included in the press release. The full interim report is available at www.nordea.com (http://www.nordea.com/) (Investor Relations/Reports and Presentations).
http://www.nordea.com/Images/33-68982/Interim%20report%20second%20quarter%202015.pdf
Nordea Bank Finland Plc is a wholly owned subsidiary of Nordea Bank AB (publ), the listed parent company of the whole Nordea Group. This statutory interim report covers the operations of the legal entity Nordea Bank Finland Plc and its subsidiaries inFinlandand abroad.
The business operations of the Nordea Group have been organised in three main business areas, with full responsibility for their value chains: Retail Banking, Wholesale Banking and Wealth Management. The consolidated interim report of Nordea Bank AB (publ) embraces all the activities of the Nordea Group and provides the most complete and fair view. The Finnish Asset Management & Life operations are included in the interim report of the Nordea Group.
Summary of the first half of 2015
· The operating profit of Nordea Bank Finland Group increased to EUR 854m
· Net interest income decreased 11% mainly due to sale of foreign operations
· Total operating income was up 14% to EUR 1,389m
· Total expenses decreased 11% to EUR 480m
· Net loan losses increased somewhat
· Loans to the public excluding repurchase agreements and the transfer of foreign operations increased 2% year-on-year
Summary key figures | Jan-Jun | Jan-Jun | Change | Full year | |||||
2015 | 2014 | % | 2014 | ||||||
Net interest income, EURm | 527 | 595 | -11 | 1.189 | |||||
Total operating income, EURm | 1.389 | 1.219 | 14 | 2.278 | |||||
Profit before loan losses, EURm | 909 | 681 | 33 | 1.194 | |||||
Net loan losses, EURm | -55 | -49 | 12 | -60 | |||||
Operating profit, EURm | 854 | 632 | 35 | 1.134 | |||||
Loan loss ratio, annualised, bps | 10 | 9 | 5 | ||||||
Return on equity, % | 13.5 | 10.8 | 9.4 | ||||||
Tier 1 capital ratio, incl Basel I floor, % | 15.4 | 13.9 | 15.1 | ||||||
Total capital ratio, incl Basel I floor, % | 15.6 | 14.0 | 15.2 | ||||||
Number of employees (full time equivalents) | 6.615 | 6.775 | -2 | 6.653 |
In Helsinki 16 July 2015
Nordea Bank Finland Plc
Board of Directors
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