Article on the newest quarter

Customer team quantities within listing-highest levels. Home loan lending quantities increased by the 6%, season into the 12 months, on fourth one-fourth, supported by market share growth along side Nordics. SME lending expanded because of the 6% and you can assets under management (AuM) improved of the 17%. Mortgages, SME lending and you will AuM reached the greatest profile inside Nordea’s record.

Solid cash progress, inspired because of the ten% boost in money and you may tight rates control. Fourth-quarter doing work money enhanced because of the thirty two%, year into seasons, to EUR 1,281m. Total income is right up 10%, motivated by the a great eight% boost in web notice money and you will a good 16% rise in online commission and you will percentage money. Web reasonable worth result increased of the fourteen%. Can cost you was in fact in accordance with the earlier in the day quarter however, diminished by the 10%, year on seasons, as next quarter out-of 2020 was influenced by outstanding costs points.

Continued strong borrowing from the bank top quality. Websites loan losses and you may similar online result amounted to help you EUR 56m or 7bp regarding quarter, compared to 3bp throughout the last one-fourth from 2020. Realised net loan loss remained reasonable, in keeping with earlier in the day symptoms, therefore the charge into the quarter provided reinforced conditions getting a beneficial small number of specific things. The brand new management judgement barrier is undamaged at the EUR 610m.

Cost-to-money ratio down to 47% and you will come back for the collateral in the 11.3%. Nordea’s pricing-to-income ratio improved to 47% out of 57% last year about 4th quarter, supported by earnings gains and you can proceeded pricing overall performance. Return towards the equity (RoE) are 11.3%. Income for every express improved by 49% to help you EUR 0.twenty-six out of EUR 0.18.

Dividend regarding approx. EUR 0.69* for every single express advised to have 2021 – CET1 proportion at 17.0%. Nordea’s Board enjoys recommended a bonus of around EUR 0.69* each display getting 2021 – up 77% from EUR 0.39 to own 2020. That it usually means a great 70% payment ratio, in accordance with Nordea’s dividend coverage. The latest CET1 ratio risen to 17.0% of 16.9% in the earlier quarter and that is today 6.8 commission factors over the regulating specifications. Nordea was committed to applying an efficient money framework and you can commenced a EUR 2bn show pick-right back plan on the , 109m shares was actually repurchased at a price of EUR step one,160m. Nordea features submitted an official software towards the ECB in for possible go after-on express pick-backs.

The monetary address having 2025. Which have a great 2021 RoE regarding eleven.2% and you may a cost-to-income ratio out-of forty eight%, Nordea enjoys exceeded their full-12 months 2022 financial plans one year before schedule. Nordea’s brand new, full-year 2025 financial address are a beneficial RoE above 13%, backed by a fees-to-earnings ratio out of forty five–47%. Getting 2022, Nordea expects a good RoE a lot more than 11%, backed by a repayment-to-earnings proportion regarding 49–50%, even after funding to own progress and better regulatory will set you back, including the Swedish bank income tax. Nordea tend to hold a funds Places Time with the 17 March in order to discuss the economic target and you can arrangements for the the newest approach months in more detail.

(For further viewpoints, see the Chief executive officer touch upon web page 2. To have definitions, get a hold of page 53 regarding Q4 2021 declaration)

* Estimate number according to research by the projected number of shares that can get into matter at estimated dividend choice go out.

President opinion

All of us wished we might manage to put COVID at the rear of united states for the 2021, but unfortunately the fresh new pandemic in addition to relevant suspicion proceeded. Overall, no matter if, 2021 is promising, with several self-confident cues loanpaydaytoday.com/payday-loans-wv throughout the market and you may society. In the years ahead, we could possibly however deal with some setbacks of the brand new virus variants, but we have been more experienced and sturdy in the controlling the changing items.

Getting Nordea, 2021 is a profitable 12 months. I’m proud of how exactly we enjoys progressed due to the fact a lender – and our people. Our very own organization amounts became so we gathered field offers across the Nordics. Our very own home loan credit increased by 6%, SME financing by the 6% and you may assets significantly less than management (AuM) by 17%, reaching all-time-high account. Meanwhile, we continued to help make most readily useful customer event. I increased our client satisfaction scores and you may faster buyers grievances because of the 9%. The audience is now receiving 41% a lot fewer problems than simply 36 months ago.