RCS - Nordea Mortgage Bank - Half-year Report

Robert HalfAnnouncement

17/07/2023 14:15

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RNS Number : 2183G  Nordea Mortgage Bank PLC  17 July 2023

Nordea Mortgage Bank Plc: Half-year financial report January-June 2023

Nordea Mortgage Bank Plc

Stock exchange release - Half-year financial report

17 July 2023 at 15.00 EET

Nordea Mortgage Bank Plc's Half-year financial 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.

This statutory half-year 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 first half of 2023

•      The operating profit of Nordea Mortgage Bank amounted to EUR
54.5m

•      Net interest income totalled EUR 139.6m

•      Total operating income was EUR 137.4m

•      Total operating expenses were EUR 75.1m.

•      Net loan losses totalled EUR 7.9m.

•      Loans to the public amounted to EUR 31,541.1m.

•      Debt securities in issue totalled EUR 21,062.6m.

•      The combined size of the cover pools was EUR 26,241.2m and
overcollateralization 24.4%.

 Summary of the key figures                   Jan-Jun  Jan-Jun  Change  Full year

2023
2022
%
2022
 Net interest income, EURm                    139.6    139.5    0       269.2
 Total operating income, EURm                 137.4    157.0    -12     284.1
 Total operating expenses, EURm               -75.1    -83.9    -11     -154.9
 Profit before loan losses, EURm              62.4     73.1     -15     129.2
 Net loan losses, EURm                        -7.9     -7.9             -20.3
 Operating profit, EURm                       54.5     65.2     -16     108.9
 Loan loss ratio, annualised, bps             5.0      5.0              6.3
 Return on equity, %                          5.5      7.5              5.7
 Tier 1 capital ratio, %                      40.2     38.4             40.1
 Total capital ratio, %                       40.7     38.9             40.6
 Number of employees (full time equivalents)  15       13               14

 

Helsinki, 17 July 2023

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, Half-year financial report 2023

http://www.rns-pdf.londonstockexchange.com/rns/2183G_1-2023-7-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2183G_1-2023-7-17.pdf)

Nordea Mortgage Bank Plc, Alternative Performance Measures January-June 2023

http://www.rns-pdf.londonstockexchange.com/rns/2183G_1-2023-7-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2183G_1-2023-7-17.pdf)

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