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NORDEA MORTGAGE BANK PLC EQS-News: Nordea Mortgage Bank Plc: Half-year Report

Directive transparence : information réglementée

21/07/2021 14:00

EQS Group-News: Nordea Mortgage Bank Plc / Key word(s): Half Year Results
Nordea Mortgage Bank Plc: Half-year Report

21.07.2021 / 14:00


Stock Exchange release

Nordea Mortgage Bank Plc: Half-year financial report January-June 2021

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.

Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank Abp, the listed parent company of the whole Nordea Group. This statutory half-year report covers the operations of the legal entity Nordea Mortgage Bank Plc. 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 2021:

- The operating profit of Nordea Mortgage Bank amounted to EUR 23.6m

- Net interest income totalled EUR 128.9m

- Total operating income was EUR 135.8m

- Total operating expenses were EUR -77.8m. The transfer pricing method applied to the intra-group services has been updated, entailing pricing adjustments which increase the expenses in Nordea Mortgage Bank.

- Net loan losses totalled EUR -34.4m. The IFRS 9 model was updated with more conservative loss data assumption.

- Loans to the public amounted to EUR 29,804.8m.

- Debt securities in issue totalled EUR 20,814.6m.

- The size of the cover pool was EUR 23,348.1m and overcollateralization 12.2%.

 

Summary key figures Jan-Jun Jan-Jun Change Full year
  2021 2020 % 2020
Net interest income, EURm 128.9 113.5 14 235.6
Total operating income, EURm 135.8 108.3 25 226.1
Total operating expenses, EURm -77.8 -31.2 150 -66.1
Profit before loan losses, EURm 58.0 77.1 33 144.5
Net loan losses, EURm -34.4 -12.9 166 -15.4
Operating profit, EURm 23.6 64.2 -63 144.6
Loan loss ratio, annualised, bps 23.1 9.3 152 5.4
Return on equity, % 3.1 8.8 -65 9.9
Tier 1 capital ratio, % 28.2 22.3 26 23.1
Total capital ratio, % 33.6 26.7 26 27.4
Number of employees (full time equivalents) 13 11 18 12
 


Helsinki, 21 July 2021

Nordea Mortgage Bank Plc
Board of Directors


Additional information:

Jussi Pajala, Chief Executive Officer + 358 40 545 3859
Heikki Jousi, Chief Financial Officer + 358 40 516 2971
 



Link, Nordea Mortgage Bank Plc, Half-year financial report January-June 2021
http://www.rns-pdf.londonstockexchange.com/rns/9868F_2-2021-7-21.pdf

Link, Nordea Mortgage Bank Plc, Alternative Performance Measures January-June 2021
http://www.rns-pdf.londonstockexchange.com/rns/9868F_1-2021-7-21.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.



End of Media Release


Language: English
Company: Nordea Mortgage Bank Plc
Satamaradankatu 5
FI-00020 Helsinki
Finland
ISIN: CH0123385772, XS1112680969, XS0770378379
Valor: A1GPVS, A1ZP1P, A1G3JL
Listed: SIX Swiss Exchange
EQS News ID: 1220665

 
End of News EQS Group News Service

1220665  21.07.2021 

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