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EQS Group-News: Nordea Mortgage Bank Plc / Key word(s): Final Results
Nordea Mortgage Bank Plc: Annual Report 2017
2018-03-08 / 14:00
Stock Exchange release
Nordea Mortgage Bank Plc: Annual Report 2017
Nordea Mortgage Bank Plc's Annual Report, Corporate Governance 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 press release.
The Annual Report now published covers the operations of Nordea Mortgage
Bank Plc in Finland. Nordea Mortgage Bank Plc is a subsidiary wholly owned
by Nordea Bank AB (publ). The financial statements of Nordea Bank AB (publ)
comprise the operations of the Nordea Group as a whole and gives the best
overview of the Group.
Summary of the year 2017:
- The operating profit of Nordea Mortgage Bank amounted to EUR 131.6m
- Net interest income totalled EUR 192.1m
- Total operating income was EUR 178.7m
- Total operating expenses were EUR -47.8m
- Net loan losses were positive and amounted to EUR 0.7m
- Loans to the public decreased 2% compared to year-end 2016 and amounted
to EUR 23,530.1m
- Debt securities in issue decreased to EUR 15,469.6m
Summary key figures
2017 2016
Net interest income1, EURm 192.1 51.4
Total operating income1, EURm 178.7 46.8
Profit before loan losses1, EURm 130.9 35.0
Net loan losses1, EURm 0.7 0.4
Operating profit1, EURm 131.6 35.4
Loan loss ratio, annualised, bps -0.3 -0.7
Return on equity, % 9.3 10.6
Tier 1 capital ratio, incl Basel I floor, % 10.0 9.8
Total capital ratio, incl Basel I floor, % 11.9 11.7
Number of employees (full time equivalents) 20 12
1 Figures for 2016 refer to the period October-December 2016. Nordea
Mortgage Bank started its operations on 1 October 2016.
Nordea Mortgage Bank Plc's semi-annual report will be published 19 July
2018.
Helsinki, 1 March 2018
Nordea Mortgage Bank Plc
Board of Directors
Additional information:
Thomas Miller, Chief Executive Officer + 358 40 864 4554
Satu Vartiainen, Chief Financial Officer + 358 40 707 0866
Click on, or paste the following link into your web browser, to view the
associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/3708G_-2018-3-1.pdf [1]
http://www.rns-pdf.londonstockexchange.com/rns/3708G_1-2018-3-1.pdf [2]
http://www.rns-pdf.londonstockexchange.com/rns/3708G_2-2018-3-1.pdf [3]
End of Corporate News
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
End of News EQS Group News Service
661825 2018-03-08
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(END) Dow Jones Newswires
March 08, 2018 08:00 ET (13:00 GMT)
