Stock exchange release
Nordea Mortgage Bank Plc: Half-year financial report January-June 2017
Nordea Mortgage Bank Plc's Half-year financial report January-June 2017 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.
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.
Nordea Mortgage Bank Plc was established 1 October 2016 and hence no comparable income statement figures are available for the period January-June.
Summary of the first half of 2017
- The operating profit of Nordea Mortgage Bank amounted to EUR 56.9m
- Net interest income totalled EUR 91.1m
- Total operating income was EUR 81.5m
- Total operating expenses were EUR -24.3m
- Net loan losses were on a low level and amounted to EUR -0.3m
- Loans to the public decreased 3% compared to year-end 2016.
- Debt securities in issue increased to EUR 17,780.5m.
| Summary key figures |
Jan-Jun |
| |
2017 |
| Net interest income, EURm |
91.1 |
| Total operating income, EURm |
81.5 |
| Profit before loan losses, EURm |
57.2 |
| Net loan losses, EURm |
-0.3 |
| Operating profit, EURm |
56.9 |
| Loan loss ratio, annualised, bps |
0.3 |
| Return on equity, % |
8.3 |
| Tier 1 capital ratio, incl Basel I floor, % |
10.2 |
| Total capital ratio, incl Basel I floor, % |
12.1 |
| Number of employees (full time equivalents) |
19 |
Helsinki, 20 July 2017
Nordea Mortgage Bank Plc
Board of Directors
Additional information:
Thomas Miller, Chief Executive Officer + 358 40 864 4554
Tomi Ylöstalo, Chief Financial Officer + 358 40 718 8184
Nordea Mortgage Bank Plc, Half-year financial report January-June 2017
http://www.rns-pdf.londonstockexchange.com/rns/6456L_-2017-7-20.pdf
Nordea Mortgage Bank Plc, Alternative performance measures January-June 2017
http://www.rns-pdf.londonstockexchange.com/rns/6456L_1-2017-7-20.pdf
20.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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