RCS - Nordea Mortgage Bank - Nordea Mortgage Bank Plc: Annual Report 2024
07/03/2025 14:00
For best results when printing this announcement, please click on link below: https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250307:nRSG8630Za&default-theme=true 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 (https://www.nordea.com/en/investors/finnish-subsidiary-reports) . 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 (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 (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 (http://www.rns-pdf.londonstockexchange.com/rns/8630Z_3-2025-3-7.pdf) This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRAFLFSFVEIDIIE