Group quarterly abilities and you will trick ratios, Q4 2021

Post on new quarter

Customer team amounts during the record-large account. Home loan lending amounts enhanced by six%, 12 months towards the seasons, about next quarter, backed by market share gains over the Nordics. SME credit expanded from the six% and you may property significantly less than government (AuM) enhanced from the 17%. Mortgage loans, SME credit and AuM hit the highest membership within the Nordea’s background.

Good cash development, driven because of the ten% escalation in money and you may strict cost manage. Fourth-one-fourth doing work finances improved by 32%, 12 months for the season, so you’re able to EUR step one,281m. Total money is up ten%, inspired because of the an effective seven% rise in online appeal earnings and you will an excellent sixteen% boost in websites percentage and payment income. Web reasonable really worth effect enhanced of the fourteen%. Will cost you was indeed according to research by the past one-fourth however, diminished by the 10%, seasons on the season, since the 4th quarter out of 2020 was affected https://bestnetloan.com/installment-loans-nh/ by outstanding rates facts.

Proceeded strong borrowing top quality. Websites mortgage loss and you will comparable online impact amounted to help you EUR 56m or 7bp on the one-fourth, compared with 3bp throughout the last one-fourth from 2020. Realized online mortgage loss remained reduced, in line with past attacks, in addition to charges on quarter incorporated bolstered terms having an effective few specific items. The fresh government judgement shield is unchanged in the EUR 610m.

Cost-to-earnings proportion down to 47% and go back to your equity at the eleven.3%. Nordea’s cost-to-money ratio improved to 47% out of 57% this past year on the 4th quarter, backed by income gains and you may proceeded costs results. Return for the equity (RoE) try 11.3%. Money for every single show improved from the 44% so you’re able to EUR 0.26 regarding EUR 0.18.

Dividend regarding approx. EUR 0.69* each share proposed for 2021 – CET1 ratio on 17.0%. Nordea’s Board features suggested a dividend of approximately EUR 0.69* each share having 2021 – upwards 77% from EUR 0.39 to possess 2020. This means an effective 70% payout proportion, according to Nordea’s dividend coverage. This new CET1 ratio risen to 17.0% regarding 16.9% in the previous one-fourth and that’s now six.8 fee things above the regulatory requirements. Nordea was dedicated to using a competent financing build and you will commenced a good EUR 2bn show get-right back program with the , 109m offers was repurchased at a price out-of EUR 1,160m. Nordea have recorded a proper application towards the ECB in for potential pursue-with the express buy-backs.

The newest financial address to have 2025. Having good 2021 RoE away from eleven.2% and a fees-to-earnings proportion of forty eight%, Nordea enjoys exceeded its full-seasons 2022 monetary aim 1 year just before plan. Nordea’s the fresh, full-year 2025 monetary target was a great RoE above thirteen%, backed by a payment-to-income ratio out of forty five–47%. To own 2022, Nordea anticipates good RoE significantly more than eleven%, backed by a payment-to-money ratio away from 49–50%, even with resource to have gains and higher regulatory will cost you, for instance the Swedish lender income tax. Nordea commonly hold an investment Segments Time towards the 17 March to help you discuss its economic address and plans to the the brand new means period in more detail.

(For additional views, comprehend the President comment on page dos. To own meanings, come across page 53 on the Q4 2021 statement)

* Calculate matter according to research by the projected quantity of shares that will get in question during the estimated dividend choice go out.

President review

Everyone expected we may be able to place COVID at the rear of united states in 2021, but unfortunately the latest pandemic while the related suspicion continued. Overall, even though, 2021 was promising, with several positive cues throughout the market and you can area. Moving forward, we might still face certain setbacks of the fresh trojan variations, but we have been more experienced and you can sturdy into the managing the changing points.

To have Nordea, 2021 is actually a successful year. I am proud of the way we enjoys changed given that a lender – together with our people. Our very own organization amounts grew and then we gathered field offers across the Nordics. Our very own financial financing grew of the 6%, SME lending because of the six% and you can assets around government (AuM) by 17%, interacting with most of the-time-high membership. Meanwhile, i continued to manufacture most readily useful customers skills. I increased our customer happiness score and faster customers complaints of the 9%. We’re now finding 41% fewer issues than just 3 years back.