Annual Report 2024

Nordea Bank Abp

07/03/2025 13:00

RNS Number : 8630Z

Nordea Mortgage Bank PLC

07 March 2025

 

Nordea Mortgage Bank Plc: Annual Report 2024

Nordea Mortgage Bank Plc

Stock exchange release - Annual Report

7 March 2025 at 15.00 EET

Nordea Mortgage Bank Plc's Annual Report, Corporate Governance Report and Alternative performance measures have been published. The documents are attached to this release and they are available on nordea.com. Only information having material influence on the value of securities is included in this stock exchange release.

The Annual Report now published covers the operations of Nordea Mortgage Bank Plc in Finland. Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank Abp. The financial statements of Nordea Bank Abp comprise the operations of the Nordea Group as a whole and give the best overview of the Group.

Summary of the year 2024:

•      The operating profit of Nordea Mortgage Bank amounted to EUR 98.8m

•      Net interest income totalled EUR 267.6m

•      Total operating income was EUR 269.0m

•      Total operating expenses were EUR 136.0m.

•      Net loan losses totalled EUR 34.2m.

•      Loans to the public amounted to EUR 33,360.2m.

•      Debt securities in issue amounted to EUR 21,777.0m.

•      The combined size of the cover pools was EUR 26,685.5m and overcollateralization 26.3%.

Summary of the key figures
2024
2023
Change
 %
Net interest income, EURm
267.6
265.7
1
Total operating income, EURm
269.0
262.2
3
Total operating expenses, EURm
-136.0
-144.0
-5
Profit before loan losses, EURm
133.0
118.2
12
Net loan losses, EURm
-34.2
-16.4
109
Operating profit, EURm
98.8
101.8
-3
Loan loss ratio, annualised, bps
10.2
5.3
Return on equity, %
4.6
5.1
Tier 1 capital ratio, %
18.0
39.8
Total capital ratio, %
18.0
40.3
Number of employees (full time equivalents)
15
14


 

Helsinki, 7 March 2025     

Nordea Mortgage Bank Plc

Board of Directors

For further information:

Jussi Pajala, Chief Executive Officer, + 358 40 545 3859

Heikki Jousi, Chief Financial Officer, + 358 40 516 2971

Attachments:

Nordea Mortgage Bank Plc, Annual Report 2024

http://www.rns-pdf.londonstockexchange.com/rns/8630Z_1-2025-3-7.pdf

Nordea Mortgage Bank Plc, Corporate Governance Report 2024

http://www.rns-pdf.londonstockexchange.com/rns/8630Z_2-2025-3-7.pdf

Nordea Mortgage Bank Plc, Alternative Performance Measures 2024

http://www.rns-pdf.londonstockexchange.com/rns/8630Z_3-2025-3-7.pdf

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