Nordea Bank Finland Plc: Interim Report January-June 2011

19.07.11 14:00 | Pörssitiedotteet

The interim report of Nordea Bank Finland Plc has been published. The procedure for publishing interim reports has been changed. Only information having material influence on the value of securities is included in the press release. The full interim report is available at Relations/Financial Reports/Local Reports/Local Reports Finland.

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 in Finland and 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 2011

  • The operating profit of Nordea Bank Finland Group increased to EUR 723m (576m)
  • Total income up 2% to EUR 1,283m
  • Net interest income up 13%
  • Net result from items at fair value decreased from the high level in 2010 by 12% to 
    EUR 461m
  • Total expenses were stable at EUR 521m
  • Net loan losses decreased significantly
  • Loans to the public excluding repurchase agreements increased by 4%
Ratios and key figures1-61-6Change1-12
Net interest income, EURm656578131,182
Total operating income, EURm1,2831,26422,499
Profit before loan losses, EURm76274331,426
Net loan losses, EURm-39-167-77-272
Loan loss ratio, basis points1151 41
Operating profit723576261,156
Return on equity, %9.67.7 7.7
Tier 1 capital ratio, %14.413.3 13.6
Total capital ratio, %15.113.9 14.3
Number of employees (full-time equivalents)9,1569,232-19,097

In Stockholm 19 July 2011
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 42320