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Nordea Mortgage Bank Plc: Half-year report 2022

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Nordea Mortgage Bank Plc / Key word(s): Half Year Results
Nordea Mortgage Bank Plc: Half-year report 2022
18.07.2022 / 14:00

Stock exchange release 18 July 2022

Nordea Mortgage Bank Plc: Half-year financial report January-June 2022

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.

This statutory half-year report covers the operations of the legal entity Nordea Mortgage Bank Plc. Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank Abp, the listed parent company of the whole Nordea Group. 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 2022:

  • The operating profit of Nordea Mortgage Bank amounted to EUR 65.2m

  • Net interest income totalled EUR 139.5m

  • Total operating income was EUR 157.0m

  • Total operating expenses were EUR 83.9m.

  • Net loan losses totalled EUR 7.9m.

  • Loans to the public amounted to EUR 31,690.8m.

  • Debt securities in issue totalled EUR 21,368.0m.

  • The size of the cover pool was EUR 24,029.4m and overcollateralization 16.2%.

Summary key figures

Jan-Jun
2022

Jan-Jun
2021

Change
%

Full year
2021

Net interest income, EURm

139.5

128.9

8

262.6

Total operating income, EURm

157.0

135.8

16

276.2

Total operating expenses, EURm

-83.9

-77.8

8

-147.9

Profit before loan losses, EURm

73.1

58.0

26

128.3

Net loan losses, EURm

-7.9

-34.4

-77

-40.2

Operating profit, EURm

65.2

23.6

176

88.1

Loan loss ratio, annualised, bps

5.0

23.1

 

13.0

Return on equity, %

7.5

3.1

 

5.7

Tier 1 capital ratio, %

38.4

28.2

 

31.3

Total capital ratio, %

38.9

33.6

 

31.9

Number of employees (full time equivalents)

13

13

 

13

 

 

Helsinki, 18 July 2022
Nordea Mortgage Bank Plc
Board of Directors

Additional information:

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

Link: Nordea Mortgage Bank Plc, Half-year financial report January-June 2022
http://www.rns-pdf.londonstockexchange.com/rns/8087S_1-2022-7-18.pdf


Link: Nordea Mortgage Bank Plc, Alternative Performance Measures January-June 2022
http://www.rns-pdf.londonstockexchange.com/rns/8087S_2-2022-7-18.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:

1400113


 

End of News

EQS News Service

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