Group quarterly show and you can secret ratios, Q4 2021

23/09/2022 0 Comments

Group quarterly show and you can secret ratios, Q4 2021

Article on this new quarter

Customers team volumes on number-higher accounts. Financial lending amounts enhanced of the 6%, season towards 12 months, regarding the last quarter, backed by business gains along the Nordics. SME credit expanded of the six% and you can property below administration (AuM) increased by the 17%. Mortgages, SME financing and you can AuM achieved the highest accounts during the Nordea’s records.

Strong cash development, passionate because of the 10% increase in earnings and strict costs manage. Fourth-one-fourth working earnings increased by the thirty two% $255 payday loans online same day Colorado, 12 months towards year, to EUR 1,281m. Full income are up ten%, inspired by an excellent 7% increase in net notice earnings and a good 16% rise in websites percentage and you will fee money. Online fair worthy of effects increased from the fourteen%. Will set you back was indeed in accordance with the early in the day quarter but diminished by 10%, season toward year, while the last one-fourth out of 2020 try influenced by outstanding rates things.

Proceeded solid credit high quality. Online mortgage loss and you will comparable net result amounted in order to EUR 56m or 7bp regarding the one-fourth, compared with 3bp regarding fourth quarter from 2020. Realised websites financing losses stayed lower, in line with earlier in the day symptoms, and the charges to the one-fourth incorporated reinforced conditions to possess a good few particular affairs. The latest management judgement barrier is actually unchanged from the EUR 610m.

Cost-to-income proportion down seriously to 47% and you can return into the equity on eleven.3%. Nordea’s cost-to-money ratio improved so you’re able to 47% regarding 57% last year on next one-fourth, supported by income growth and you may continued costs results. Go back with the security (RoE) try 11.3%. Earnings for each and every share enhanced by forty two% to help you EUR 0.twenty-six of EUR 0.18.

Dividend away from approx. EUR 0.69* for each express recommended to possess 2021 – CET1 ratio on 17.0%. Nordea’s Panel features advised a dividend of approximately EUR 0.69* each show getting 2021 – up 77% away from EUR 0.39 getting 2020. Which usually means that an excellent 70% payment proportion, according to Nordea’s dividend policy. The brand new CET1 ratio increased to 17.0% out-of 16.9% in the last quarter that’s today 6.8 payment issues over the regulatory demands. Nordea are invested in applying a simple yet effective resource design and you may began a EUR 2bn express get-straight back program to the , 109m offers ended up being repurchased at a cost regarding EUR step one,160m. Nordea features recorded a proper application to your ECB set for potential follow-with the express purchase-backs.

The newest financial target to possess 2025. With an excellent 2021 RoE out-of eleven.2% and you may an installment-to-earnings ratio off forty eight%, Nordea possess exceeded the complete-seasons 2022 monetary needs 12 months before plan. Nordea’s this new, full-year 2025 monetary target are a RoE over 13%, supported by a payment-to-earnings ratio off forty five–47%. To possess 2022, Nordea wants an excellent RoE more than eleven%, backed by a repayment-to-money ratio away from 44–50%, even after money having gains and higher regulating will set you back, for instance the Swedish financial income tax. Nordea have a tendency to hold a capital Places Date to the 17 February to speak about their financial address and you may arrangements on the the fresh means months in more detail.

(For additional feedback, comprehend the Chief executive officer comment on webpage dos. To own significance, get a hold of web page 53 on Q4 2021 declaration)

* Approximate number according to research by the estimated amount of offers that can get in situation from the estimated bonus decision date.

President review

Most of us expected we could possibly have the ability to set COVID about you for the 2021, but unfortunately the new pandemic therefore the related suspicion proceeded. On the whole, regardless of if, 2021 are encouraging, with many positive cues in the economy and you can community. Going forward, we may still deal with particular setbacks off the malware variations, but the audience is more capable and durable in managing the switching factors.

Having Nordea, 2021 is a successful seasons. I am pleased with exactly how we possess evolved since a financial – together with all of our consumers. All of our team quantities became and in addition we gathered business offers along the Nordics. Our very own financial financing expanded by 6%, SME credit because of the 6% and property below administration (AuM) by the 17%, interacting with all-time-higher membership. At the same time, we went on which will make most useful customer enjoy. I improved all of our customer care score and you will shorter consumer grievances of the 9%. We are now searching 41% a lot fewer problems than just 3 years back.

By Faton