EQS Group-News: Nordea Mortgage Bank Plc
/ Key word(s): Half Year Results
Nordea Mortgage Bank Plc: Half-year Report
21.07.2021 / 14:00
Stock Exchange release
Nordea Mortgage Bank Plc: Half-year financial report January-June 2021
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 the Internet at http://www.nordea.com/en/investor-relations/reports-and-presentations/.
Only information having material influence on the value of securities is included in this stock exchange release.
Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank Abp, the listed parent company of the whole Nordea Group. This statutory half-year report covers the operations of the legal entity Nordea Mortgage Bank Plc. The half-year report of Nordea Bank Abp comprises the operations of the Nordea Group as a whole and gives the best overview of the Group.
Summary of the first half of 2021:
- The operating profit of Nordea Mortgage Bank amounted to EUR 23.6m
- Net interest income totalled EUR 128.9m
- Total operating income was EUR 135.8m
- Total operating expenses were EUR -77.8m. The transfer pricing method applied to the intra-group services has been updated, entailing pricing adjustments which increase the expenses in Nordea Mortgage Bank.
- Net loan losses totalled EUR -34.4m. The IFRS 9 model was updated with more conservative loss data assumption.
- Loans to the public amounted to EUR 29,804.8m.
- Debt securities in issue totalled EUR 20,814.6m.
- The size of the cover pool was EUR 23,348.1m and overcollateralization 12.2%.
|Summary key figures
|Net interest income, EURm
|Total operating income, EURm
|Total operating expenses, EURm
|Profit before loan losses, EURm
|Net loan losses, EURm
|Operating profit, EURm
|Loan loss ratio, annualised, bps
|Return on equity, %
|Tier 1 capital ratio, %
|Total capital ratio, %
|Number of employees (full time equivalents)
Helsinki, 21 July 2021
Nordea Mortgage Bank Plc
Board of Directors
|Jussi Pajala, Chief Executive Officer
||+ 358 40 545 3859
|Heikki Jousi, Chief Financial Officer
||+ 358 40 516 2971
Link, Nordea Mortgage Bank Plc, Half-year financial report January-June 2021
Link, Nordea Mortgage Bank Plc, Alternative Performance Measures January-June 2021
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