Group quarterly abilities and you will trick rates, Q4 2021

Report about new one-fourth

Customer organization quantities on number-highest profile. Mortgage credit quantities enhanced from the six%, 12 months to your season, throughout the fourth one-fourth, backed by market share progress along the Nordics. SME credit increased by six% and assets less than government (AuM) enhanced of the 17%. Mortgage loans, SME lending and you may AuM attained the greatest membership inside Nordea’s history.

Good finances development, driven by ten% boost in earnings and you may strict rates handle. Fourth-one-fourth functioning finances increased by 32%, seasons towards the season, so you’re able to EUR 1,281m. Full income are up ten%, driven of the a seven% boost in internet focus money and you may a good sixteen% escalation in net fee and you may payment income. Online fair worthy of impact improved because of the fourteen%. Will set you back was in line with the early in the day one-fourth but reduced by the 10%, seasons for the seasons, just like the next quarter of 2020 try influenced by outstanding rates situations.

Continued solid credit quality. Net financing losings and you may comparable internet effect amounted to EUR 56m otherwise 7bp regarding quarter, compared with 3bp regarding last one-fourth out of 2020. Realized online financing losses stayed reduced, consistent with early in the day episodes, together with charge on the one-fourth provided reinforced specifications having a good small number of specific issues. The government reasoning barrier try intact in the EUR 610m.

Cost-to-income ratio down seriously to 47% and you will go back with the collateral on eleven.3%. Nordea’s costs-to-money proportion increased in order to 47% away from 57% last year in the last one-fourth, backed by income gains and you will continued cost abilities. Return into equity (RoE) was eleven.3%. Income for each and every share enhanced of the forty-two% in order to EUR 0.twenty-six out of EUR 0.18.

Dividend away from approx payday loans Oklahoma. EUR 0.69* for every show recommended to own 2021 – CET1 proportion during the 17.0%. Nordea’s Panel possess advised a dividend of approximately EUR 0.69* for every express for 2021 – up 77% of EUR 0.39 having 2020. So it results in an excellent 70% payout proportion, in accordance with Nordea’s bonus plan. The fresh new CET1 proportion risen to 17.0% from sixteen.9% in the last one-fourth that’s today six.8 payment things over the regulatory demands. Nordea is invested in applying a powerful investment structure and you can commenced an effective EUR 2bn show pick-right back program for the , 109m shares had been repurchased at a cost regarding EUR step 1,160m. Nordea has registered a formal application towards the ECB set for potential go after-for the express buy-backs.

The fresh new monetary address to have 2025. That have a beneficial 2021 RoE from eleven.2% and you can a cost-to-income ratio off 48%, Nordea possess surpassed its full-season 2022 monetary purpose 1 year ahead of agenda. Nordea’s brand new, full-year 2025 monetary address is actually an excellent RoE a lot more than 13%, supported by a fees-to-income proportion out of forty-five–47%. Getting 2022, Nordea needs an excellent RoE significantly more than 11%, backed by a repayment-to-income ratio off 49–50%, even after resource for progress and better regulatory can cost you, like the Swedish bank tax. Nordea tend to keep an investment Locations Big date into 17 February so you’re able to explore the monetary address and preparations to the the latest means several months in detail.

(For further feedback, see the Ceo comment on webpage 2. For significance, look for page 53 on Q4 2021 report)

* Approximate number in accordance with the projected level of offers that enter material in the estimated bonus decision big date.

Ceo review

Most of us hoped we could possibly manage to place COVID about us for the 2021, but unfortunately the pandemic and also the associated suspicion continued. Overall, though, 2021 was promising, with many different confident signs throughout the market and you can community. Moving forward, we might nonetheless deal with certain setbacks from the latest virus variations, but we are more knowledgeable and you may sturdy in the managing the altering items.

For Nordea, 2021 are a profitable 12 months. I am proud of how we has actually progressed because a lender – including our very own people. Our organization volumes increased so we gathered market offers across the Nordics. Our financial credit became from the 6%, SME lending by the six% and property not as much as management (AuM) by 17%, interacting with all of the-time-higher profile. Meanwhile, i went on in order to make top buyers knowledge. I enhanced our very own customer happiness score and faster customer issues because of the 9%. We have been now acquiring 41% a lot fewer grievances than 3 years before.