Nordea Bank Finland Plc: Interim Report January-June 2014

17.07.14 15:03 | Pörssitiedotteet

The interim report of Nordea Bank Finland Plc has been published. 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 ReportsFinland.

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 2014

  • The operating profit of Nordea Bank Finland Group increased to EUR 632m
  • Total income up 9% to EUR 1,219m
  • Net interest income up 5%
  • Net commissions were EUR 130m higher mainly due to lower guarantee expenses
  • Total expenses increased 2% to EUR 538m
  • Net loan losses increased somewhat
  • Loans to the public excluding repurchase agreements and the transfer of the Baltic operations increased 3% year-on-year


Summary key figuresJan-JunJan-JunChangeFull year
Net interest   income, EURm59556651 183
Total operating   income, EURm1,2191,12292 224
Profit   before loan losses, EURm681593151 165
Net loan losses,   EURm-49-3636-53
Loan   loss ratio, annualised, bps9729
Operating profit,   EURm632557131 113
Return on equity, %10.89.2178.8
Tier   1 capital ratio, %13.914.915.0
Total   capital ratio, %14.015.715.8
Number   of employees (full time equivalents)6 6758 407-217 981

In Stockholm 17 July 2014

Nordea Bank Finland Plc
Board of Directors

Additional information:
Tomi Närhinen, Chief Financial Officer  + 358 40 724 3896
Kati Tommiska, Head of Communications, Finland  + 358 9 165 42325


Nordea Bank Finland Plc, Interim Report January – June 2014