EQS Group-News: Nordea Mortgage Bank Plc / Key word(s): Half Year Results
Half-year financial report January-June 2019
2019-07-18 / 13:00
Stock Exchange release
Nordea Mortgage Bank Plc: Half-year financial report January-June 2019
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/ [1].
Only information having material influence on the value of securities is
included in this stock exchange release.
Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank Abp,
the listed parent company of the whole Nordea Group. This statutory
half-year report covers the operations of the legal entity Nordea Mortgage
Bank Plc. 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 2019:
- The operating profit of Nordea Mortgage Bank amounted to EUR 56.1m
- Net interest income totalled EUR 104.7m
- Total operating income was EUR 94.7m
- Total operating expenses were EUR -36.9m, increase mainly explained by
additional service fees related to the purchase of EUR 2.2bn loan
portfolio from Nordea Bank Abp in June
- Net loan losses totalled EUR -1.7m
- Loans to the public increased 12% compared to year-end 2018 and amounted
to EUR 25.9bn, increase mainly driven by the purchase of EUR 2.2bn loan
portfolio in June
- Debt securities in issue decreased to EUR 16.2bn
- The size of the cover pool increased 10% compared to year-end 2018 and
amounted to EUR 21.8bn, as a result of the purchase of EUR 2.2bn loan
portfolio in June
*Summary key figures* Jan-Jun Jan-Jun Change Full year
2019 2018 % 2018
Net interest income, EURm 104.7 113.6 -8 219.8
Total operating income, EURm 94.7 107.4 -12 208.5
Total operating expenses, EURm -36.9 -29.6 25 -54.1
Profit before loan losses, EURm 57.8 77.8 -26 154.4
Net loan losses, EURm -1.7 -7.3 -77 -11.4
Operating profit, EURm 56.1 70.5 -20 143.0
Loan loss ratio, annualised, 1.3 6.2 -79 4.9
bps
Return on equity, % 7.8 9.6 -19 9.6
Tier 1 capital ratio, % 23.4 25.4 -8 24.1
Total capital ratio, % 28.2 30.6 -8 29.1
Number of employees (full time 18 18 0 17
equivalents)
Helsinki, 18 July 2019
Nordea Mortgage Bank Plc
Board of Directors
For further information:
Thomas Miller, Chief Executive Officer + 358 40 864 4554
Vesa Ruokokoski, Chief Financial Officer + 358 50 364 3251
Link, Nordea Mortgage Bank Plc, Half-year financial report January-June 2019
http://www.rns-pdf.londonstockexchange.com/rns/9484F_1-2019-7-18.pdf [2]
Link, Nordea Mortgage Bank Plc, Alternative Performance Measures
January-June 2019
https://mb.cision.com/Public/16126/2865449/adec64211281997b.pdf [3]
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.c [4]
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
EQS News ID: 842997
End of News EQS Group News Service
842997 2019-07-18
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(END) Dow Jones Newswires
July 18, 2019 07:00 ET (11:00 GMT)
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