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Gen 27, 2023

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. Continue reading »

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