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NORDEA MORTGAGE BANK PLC Nordea Mortgage Bank Plc: Half-year report 2022

Transparency directive : regulatory news

18/07/2022 14:00

Nordea Mortgage Bank Plc / Key word(s): Half Year Results
Nordea Mortgage Bank Plc: Half-year report 2022

18.07.2022 / 14:00


Stock exchange release 18 July 2022

Nordea Mortgage Bank Plc: Half-year financial report January-June 2022

Nordea Mortgage Bank Plc's Half-year financial report and Alternative performance measures have been published. The documents are attached to this release and they are available on the Internet at http://www.nordea.com/en/investor-relations/reports-and-presentations/. Only information having material influence on the value of securities is included in this stock exchange release.

This statutory half-year report covers the operations of the legal entity Nordea Mortgage Bank Plc. Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank Abp, the listed parent company of the whole Nordea Group. The half-year report of Nordea Bank Abp comprises the operations of the Nordea Group as a whole and gives the best overview of the Group.

Summary of the first half of 2022:

  • The operating profit of Nordea Mortgage Bank amounted to EUR 65.2m
  • Net interest income totalled EUR 139.5m
  • Total operating income was EUR 157.0m
  • Total operating expenses were EUR 83.9m.
  • Net loan losses totalled EUR 7.9m.
  • Loans to the public amounted to EUR 31,690.8m.
  • Debt securities in issue totalled EUR 21,368.0m.
  • The size of the cover pool was EUR 24,029.4m and overcollateralization 16.2%.
Summary key figures Jan-Jun
2022
Jan-Jun
2021
Change
%
Full year
2021
Net interest income, EURm 139.5 128.9 8 262.6
Total operating income, EURm 157.0 135.8 16 276.2
Total operating expenses, EURm -83.9 -77.8 8 -147.9
Profit before loan losses, EURm 73.1 58.0 26 128.3
Net loan losses, EURm -7.9 -34.4 -77 -40.2
Operating profit, EURm 65.2 23.6 176 88.1
Loan loss ratio, annualised, bps 5.0 23.1   13.0
Return on equity, % 7.5 3.1   5.7
Tier 1 capital ratio, % 38.4 28.2   31.3
Total capital ratio, % 38.9 33.6   31.9
Number of employees (full time equivalents) 13 13   13
 

 

Helsinki, 18 July 2022
Nordea Mortgage Bank Plc
Board of Directors

Additional information:

Jussi Pajala, Chief Executive Officer + 358 40 545 3859
Heikki Jousi, Chief Financial Offic + 358 40 516 2971

Link: Nordea Mortgage Bank Plc, Half-year financial report January-June 2022
http://www.rns-pdf.londonstockexchange.com/rns/8087S_1-2022-7-18.pdf


Link: Nordea Mortgage Bank Plc, Alternative Performance Measures January-June 2022
http://www.rns-pdf.londonstockexchange.com/rns/8087S_2-2022-7-18.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.



End of Media Release


Language: English
Company: Nordea Mortgage Bank Plc
Satamaradankatu 5
FI-00020 Helsinki
Finland
ISIN: CH0123385772, XS1112680969, XS0770378379
Valor: A1GPVS, A1ZP1P, A1G3JL
Listed: SIX Swiss Exchange
EQS News ID: 1400113

 
End of News EQS News Service

1400113  18.07.2022 

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