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NORDEA MORTGAGE BANK PLC Nordea Mortgage Bank Plc: Correction: Half-year Report

Transparency directive : regulatory news

20/07/2023 19:15

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

20.07.2023 / 19:15 CET/CEST


Correction to Nordea Mortgage Bank Plc: Half-year financial report January-June 2023

Nordea Mortgage Bank Plc
Stock exchange release - Half-year financial report
20 July 2023 at 17.45 EET

Nordea Mortgage Bank Plc corrects the capital ratios in the half-year financial report for January-June 2023 and Alternative performance measures published on 17 July 2023. Due to a technical error, the sovereign risk exposures related to deferred tax assets were incorrectly reported as zero, reducing the risk exposure amount from EUR 3,925.1m to EUR 3,876.4m and increasing the capital ratios by 0.5 percentage points.

Revised capital ratios at the end of July 2023 are

Tier 1 capital ratio, % 39.7
Total capital ratio, % 40.2

The corrected release in its entirety below.

Nordea Mortgage Bank Plc: Half-year financial report January-June 2023

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 nordea.com. Only information having material influence on the value of securities is included in this stock exchange release.

This statutory half-year report now published covers the operations of Nordea Mortgage Bank Plc in Finland. Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank Abp. The financial statements of Nordea Bank Abp comprise the operations of the Nordea Group as a whole and give the best overview of the Group.

Summary of the first half of 2023

•      The operating profit of Nordea Mortgage Bank amounted to EUR 54.5m

•      Net interest income totalled EUR 139.6m

•      Total operating income was EUR 137.4m

•      Total operating expenses were EUR 75.1m.

•      Net loan losses totalled EUR 7.9m.

•      Loans to the public amounted to EUR 31,541.1m.

•      Debt securities in issue totalled EUR 21,062.6m.

•      The combined size of the cover pools was EUR 26,241.2m and overcollateralization 24.4%.

Summary of the key figures Jan-Jun
2023
Jan-Jun
2022
Change
%
Full year
2022
Net interest income, EURm 139.6 139.5 0 269.2
Total operating income, EURm 137.4 157.0 -12 284.1
Total operating expenses, EURm -75.1 -83.9 -11 -154.9
Profit before loan losses, EURm 62.4 73.1 -15 129.2
Net loan losses, EURm -7.9 -7.9   -20.3
Operating profit, EURm 54.5 65.2 -16 108.9
Loan loss ratio, annualised, bps 5.0 5.0   6.3
Return on equity, % 5.5 7.5   5.7
Tier 1 capital ratio, % 39.7 38.4   40.1
Total capital ratio, % 40.2 38.9   40.6
Number of employees (full time equivalents) 15 13   14

 

Helsinki, 20 July 2023       
Nordea Mortgage Bank Plc
Board of Directors

For further information:

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


attachments:
Nordea Mortgage Bank Plc, Half-year financial report 2023

http://www.rns-pdf.londonstockexchange.com/rns/7080G_1-2023-7-20.pdf

Nordea Mortgage Bank Plc, Alternative Performance Measures January-June 2023 

http://www.rns-pdf.londonstockexchange.com/rns/7080G_2-2023-7-20.pdf

 

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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: 1685037

 
End of News EQS News Service

1685037  20.07.2023 CET/CEST

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