Nordea Bank Finland Plc: Interim Report January-June 2012

18.07.12 15:00 | Pörssitiedotteet

Nordea Bank Finland Plc is a wholly owned subsidiary of Nordea Bank AB (publ), the listed parent company of the whole Nordea Group. This statutory interim report covers the operations of the legal entity Nordea Bank Finland Plc and its subsidiaries inFinlandand abroad.

The business operations of the Nordea Group have been organised in three main business areas, with full responsibility for their value chains: Retail Banking, Wholesale Banking and Wealth Management. The consolidated interim report of Nordea Bank AB (publ) embraces all the activities of the Nordea Group and provides the most complete and fair view. The Finnish Asset Management & Life operations are included in the interim report of the Nordea Group.

Summary of the first half of 2012

  • The operating profit of Nordea Bank Finland Group increased to EUR 948m
  • Total income up 17% to EUR 1,499m
  • Net interest income down 3%
  • Net result from items at fair value increased by 48% to EUR 684m
  • Total expenses were stable at EUR 520m
  • Net loan losses decreased somewhat
  • Loans to the public excluding repurchase agreements increased by 5% year-on-year
Summary key figuresJan-Jun Jan-Jun ChangeFull year
Net interest income, EURm636656-31,355
Total operating income, EURm1,4991,283172,644
Profit before loan losses, EURm979762281,552
Net loan losses, EURm-31-39-21-70
Loan loss ratio, annualised, bps6119
Operating profit, EURm948723311,482
Return on equity, %
Tier 1 capital ratio, % 13.814.412.8
Total capital ratio, % 14.315.113.4
Number of employees (full time equivalents)8,407 9,156-88,828

In Stockholm 18 July 2012

Nordea Bank Finland Plc

Board of Directors

Additional information:
Tomi Närhinen, Chief Financial Officer  + 358 9 165 57661
Kati Tommiska, Chief Press Officer  + 358 9 165 42325