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Gen 27, 2023
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Classification every quarter show and you will trick percentages, Q4 2021

Classification every quarter show and you will trick percentages, Q4 2021

Report about the newest one-fourth

Buyers business volumes on number-large levels. Financial credit amounts increased by 6%, season towards 12 months, from the last quarter, supported by market share progress across the Nordics. SME credit became by the six% and you can property not as much as administration (AuM) increased because of the 17%. Mortgages, SME financing and AuM hit the best profile inside the Nordea’s record.

Good cash growth, motivated of the ten% upsurge in earnings and you can rigorous cost handle. Fourth-quarter operating funds enhanced because of the thirty two%, 12 months on season, to EUR step 1,281m. Full income try right up ten%, driven from the good seven% upsurge in net appeal earnings and you will an effective sixteen% escalation in websites payment and you will commission money. Online reasonable worthy of effect enhanced from the 14%. Will cost you was according to research by the earlier one-fourth but decreased because of the 10%, season toward season, since last quarter regarding 2020 was affected by exceptional cost products.

Continued strong borrowing from the bank top quality. Websites loan loss and you will similar online results amounted so you’re able to EUR 56m or 7bp in the quarter, weighed against 3bp regarding 4th one-fourth regarding 2020. Realized net financing losses remained reasonable, consistent with past periods, together with charge on the quarter integrated bolstered conditions to possess a beneficial small number of certain affairs. The government reasoning shield was intact at EUR 610m.

Cost-to-income ratio right down to 47% and you will go back into equity in the 11.3%. Nordea’s pricing-to-money proportion enhanced to 47% away from 57% a year ago throughout the next quarter, backed by earnings gains and you can continued prices abilities. Return into guarantee (RoE) is eleven.3%. Income for every single display increased by 44% to help you EUR 0.twenty-six regarding EUR 0.18.

Bonus of approx. EUR 0.69* per display suggested to possess 2021 – CET1 proportion during the 17.0%. Nordea’s Panel provides suggested a dividend of approximately EUR 0.69* each share to possess 2021 – up 77% regarding EUR 0.39 for 2020. Which results in an excellent 70% commission proportion, relative to Nordea’s bonus policy. The fresh CET1 proportion risen to 17.0% out of 16.9% in the last one-fourth that’s today 6.8 percentage facts over the regulating criteria. Nordea is committed to implementing an efficient capital design and you will commenced good EUR 2bn express buy-straight back programme towards , 109m offers is repurchased at a high price away from EUR step one,160m. Nordea possess recorded a proper app toward ECB in for prospective follow-on the show purchase-backs.

The newest monetary address getting 2025. That have a 2021 RoE regarding eleven.2% and a cost-to-income proportion out-of forty eight%, Nordea provides exceeded their complete-year 2022 financial purpose 1 year before agenda. Nordea’s the, full-year 2025 financial address was an effective RoE over 13%, supported by a cost-to-earnings proportion out of forty five–47%. To possess 2022, Nordea needs a great RoE a lot more than eleven%, supported by an installment-to-income ratio out-of 44–50%, despite money to possess growth and higher regulating will cost you, like the Swedish financial tax. Nordea will keep a money Segments Date to the 17 February so you’re able to speak about the economic target and you will preparations towards the brand new approach period in more detail.

(For additional feedback, understand the Ceo discuss web page dos. Getting meanings, see webpage 53 regarding the Q4 2021 statement)

* Estimate count based on the estimated number of shares that may be in situation at the projected dividend decision time.

Ceo feedback

We all wished we would have the ability to set COVID trailing united states into the 2021, regrettably the brand new pandemic and the relevant suspicion went on. On the whole, regardless of if, 2021 is actually guaranteeing, with quite a few confident cues throughout the market and you will community. Moving forward, we would nevertheless deal with some setbacks from the fresh malware variants, however, the audience is more experienced and you can durable within the managing the switching products.

To have Nordea, 2021 is actually a profitable 12 months. I am https://bestnetloan.com/installment-loans-ne/ happy with how exactly we enjoys advanced due to the fact a bank – also all of our users. Our very own business amounts became and then we attained industry offers along side Nordics. Our home loan credit grew from the six%, SME lending because of the six% and you may property significantly less than administration (AuM) by the 17%, interacting with all-time-higher account. Meanwhile, i proceeded which will make greatest customers skills. I enhanced the customer happiness scores and quicker consumer problems of the 9%. Our company is today acquiring 41% fewer grievances than simply 3 years ago.

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