Group quarterly efficiency and you will trick percentages, Q4 2021


Group quarterly efficiency and you will trick percentages, Q4 2021

Breakdown of new quarter

Customer company quantities at the number-high account. Home loan financing volumes improved by the 6%, year towards season, from the fourth one-fourth, backed by business growth along the Nordics. SME lending grew from the 6% and you can assets significantly less than management (AuM) improved because of the 17%. Mortgages, SME financing and you will AuM achieved the best membership inside Nordea’s record.

Good cash gains, driven because of the ten% boost in earnings and rigorous cost manage. Fourth-one-fourth doing work money enhanced by thirty two%, seasons into year, so you can EUR step one,281m. Full income are up 10%, motivated by the a 7% rise in web attention income and you may a great sixteen% increase in websites fee and you will percentage income. Internet reasonable worthy of impact increased of the fourteen%. Costs was basically in line with the prior one-fourth however, reduced from the 10%, 12 months on 12 months, as last quarter regarding 2020 is actually influenced by outstanding costs points.

Went on strong borrowing from the bank top quality. Online financing losings and you can equivalent internet impact amounted in order to EUR 56m or 7bp throughout the one-fourth, weighed against 3bp throughout the last one-fourth of 2020. Realized net mortgage losses stayed reduced, in keeping with earlier attacks, while the charge towards the quarter provided strengthened specifications having a beneficial few particular products. The latest management judgement boundary was undamaged at the EUR 610m.

Cost-to-earnings ratio right down to 47% and you can get back on guarantee at the eleven.3%. Nordea’s pricing-to-money proportion improved to help you 47% regarding 57% this past year from the 4th quarter, supported by income growth and proceeded prices show. Get back to the guarantee (RoE) try eleven.3%. Income for every display increased by the forty two% in order to EUR 0.twenty six of EUR 0.18.

Bonus of approx. EUR 0.69* for each and every express suggested having 2021 – CET1 ratio at the 17.0%. Nordea’s Panel provides proposed a dividend of approximately EUR 0.69* for every single express to possess 2021 – upwards 77% of EUR 0.39 to have 2020. This usually means that good 70% payment proportion, relative to Nordea’s bonus coverage. This new CET1 proportion risen up to 17.0% from sixteen.9% in the previous one-fourth which will be today six.8 payment circumstances above the regulating requisite. Nordea is actually committed to using an efficient money framework and commenced an instant same day payday loans online Arkansas effective EUR 2bn display purchase-right back program to your , 109m shares had been repurchased at a price away from EUR step 1,160m. Nordea enjoys filed a formal software for the ECB in for possible realize-towards the express purchase-backs.

The latest monetary address for 2025. Which have a beneficial 2021 RoE from eleven.2% and you can a cost-to-money proportion out-of forty-eight%, Nordea features exceeded their complete-season 2022 monetary targets 12 months before agenda. Nordea’s the latest, full-year 2025 economic address is a beneficial RoE a lot more than thirteen%, backed by a cost-to-income proportion away from forty five–47%. Getting 2022, Nordea expects an excellent RoE over eleven%, supported by a fees-to-money ratio away from forty-two–50%, despite financing to possess development and better regulatory will cost you, including the Swedish financial income tax. Nordea tend to hold an investment Locations Day into 17 March so you can mention their economic address and you can preparations with the the latest approach months in more detail.

(For further feedback, understand the Ceo discuss web page 2. To have significance, get a hold of page 53 on the Q4 2021 statement)

* Calculate matter according to research by the estimated number of shares that can get in material at projected bonus decision big date.

Ceo feedback

Each of us hoped we may manage to put COVID trailing you in the 2021, but unfortunately the brand new pandemic while the associated uncertainty continued. In general, though, 2021 is actually guaranteeing, with many self-confident signs throughout the market and you can society. Going forward, we may nevertheless face specific setbacks out of the fresh new malware versions, however, the audience is more knowledgeable and long lasting into the controlling the switching activities.

To have Nordea, 2021 try a profitable season. I am happy with how we keeps advanced due to the fact a financial – in addition to our customers. Our business amounts grew and in addition we attained market shares over the Nordics. Our very own financial lending became by the six%, SME lending of the six% and you can possessions around management (AuM) from the 17%, reaching the-time-higher account. At the same time, we proceeded which will make better consumer experience. I increased all of our client satisfaction score and you can quicker buyers grievances by 9%. We have been now researching 41% fewer grievances than simply 36 months before.


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