Stock Exchange release
Nordea Mortgage Bank Plc: Half-year financial report January-June 2018
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.
Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank AB (publ), 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 AB (publ) comprises the operations of the Nordea Group as a whole and gives the best overview of the Group.
- Summary of the first half of 2018:
- The operating profit of Nordea Mortgage Bank amounted to EUR 70.5m
- Net interest income totalled EUR 108.4m
- Total operating income was EUR 102.2m
- Total operating expenses were EUR -24.4m
- Net loan losses totalled EUR -7.3m
- Loans to the public decreased 0.5% compared to year-end 2017 and amounted to EUR 23,403.6m
- Debt securities in issue increased to EUR 18,366.6m
| Summary key figures |
Jan-Jun |
Jan-Jun |
Change |
Full year |
| |
2018 |
2017 |
% |
2017 |
| Net interest income, EURm |
108.4 |
91.1 |
19 |
192.1 |
| Total operating income, EURm |
102.2 |
81.5 |
25 |
178.7 |
| Profit before loan losses, EURm |
77.8 |
57.2 |
36 |
130.9 |
| Net loan losses, EURm |
-7.3 |
-0.3 |
|
0.7 |
| Operating profit, EURm |
70.5 |
56.9 |
24 |
131.6 |
| Loan loss ratio, annualised, bps |
6.2 |
0.3 |
|
-0.3 |
| Return on equity, % |
9.6 |
8.3 |
|
9.3 |
| Tier 1 capital ratio, % |
25.4 |
33.6 |
|
32.7 |
| Total capital ratio, % |
30.6 |
40.0 |
|
39.2 |
| Number of employees (full time equivalents) |
18 |
19 |
-5 |
20 |
Helsinki, 19 July 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
Link, Nordea Mortgage Bank Plc, Half-year financial report January-June 2018:
http://www.rns-pdf.londonstockexchange.com/rns/1562V_2-2018-7-19.pdf
Link, Nordea Mortgage Bank Plc, Alternative Performance Measures January-June 2018:
http://www.rns-pdf.londonstockexchange.com/rns/1562V_1-2018-7-19.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.
