Group quarterly performance and you can trick ratios, Q4 2021

Group quarterly performance and you can trick ratios, Q4 2021

Overview of the fresh quarter

Consumer company volumes at the listing-high membership. Mortgage credit amounts increased because of the 6%, year to the 12 months, about next one-fourth, supported by business growth over the Nordics. SME credit expanded by the 6% and you may assets not as much as management (AuM) increased from the 17%. Mortgage loans, SME lending and you may AuM attained the highest membership during the Nordea’s records.

Strong money development, inspired of the 10% escalation in income and tight rates control. Fourth-quarter functioning cash increased because of the thirty two%, year towards the 12 months, so you can EUR step one,281m. Total income was upwards ten%, determined from the good eight% increase in internet attract money and you can an effective 16% boost in web percentage and you will payment money. Websites fair worthy of effect improved from the 14%. Costs have been in line with the early in the day one-fourth however, decreased by the 10%, year into season, since the fourth one-fourth away from 2020 is influenced by outstanding costs facts.

Went on strong credit top quality. Websites mortgage losses and you can equivalent web results amounted to help you EUR 56m otherwise 7bp regarding quarter, weighed against 3bp on fourth one-fourth out of 2020. Realized websites mortgage loss stayed reasonable, in keeping with earlier symptoms, in addition to charge into one-fourth included bolstered arrangements to have an effective few specific activities. The administration reasoning boundary is undamaged during the EUR 610m.

Cost-to-money proportion right down to 47% and you can go back on the equity at the eleven.3%. Nordea’s cost-to-money proportion enhanced to 47% off 57% last year regarding 4th one-fourth, supported by earnings development and you may proceeded prices results. Return on equity (RoE) was eleven.3%. Money per show improved of the 49% so you’re able to EUR 0.26 of EUR 0.18.

Dividend regarding approx. EUR 0.69* per show proposed getting 2021 – CET1 proportion at 17.0%. Nordea’s Board has proposed a dividend around EUR 0.69* per express for 2021 – up 77% of EUR 0.39 getting 2020. Which usually means a good 70% payout ratio, prior to Nordea’s bonus plan. The fresh CET1 proportion risen up to 17.0% off sixteen.9% in the last quarter and that’s today six.8 commission activities above the regulatory specifications. Nordea are purchased implementing a powerful capital structure and you will commenced a beneficial EUR 2bn express buy-back program for the , 109m offers was repurchased at a cost out of EUR step one,160m. Nordea provides recorded an official app to your ECB set for potential realize-to the show pick-backs.

The latest economic target having 2025. Which have an excellent 2021 RoE off 11.2% and you can a cost-to-money proportion regarding 48%, Nordea enjoys surpassed the complete-year 2022 monetary goals one year in advance of plan. Nordea’s the latest, full-year 2025 economic target is actually a RoE more than 13%, supported by a repayment-to-income ratio out of forty-five–47%. Having 2022, Nordea needs a RoE a lot more than 11%, backed by a cost-to-money proportion of 44–50%, despite financing to possess increases and better regulating costs, for instance the Swedish financial tax. Nordea often hold a capital Places Time on the 17 March to explore their financial address and you will agreements toward the fresh strategy period in detail.

(For further viewpoints, see the Ceo touch upon webpage dos. Having significance, select page 53 regarding Q4 2021 report)

* Estimate number in line with the estimated level of shares that may be in point at estimated bonus choice day.

President opinion

We all hoped we might manage to lay COVID trailing all of us into the 2021, regrettably the newest pandemic while the associated suspicion went on. In general, in the event, 2021 is guaranteeing, with several self-confident cues in the economy and area. Moving forward, we possibly may nonetheless face specific setbacks from the newest trojan variations, however, we’re more knowledgeable and you may resilient for the managing the modifying situations.

To have Nordea, 2021 is a successful seasons. I am pleased with how we has progressed because the a lender – and our customers. The providers volumes increased and in addition we gathered business shares along side Nordics. Our mortgage lending became of the 6%, SME financing of the 6% and possessions lower than government (AuM) of the 17%, reaching all of the-time-highest levels. Meanwhile, i went on to make better consumer knowledge. I enhanced the client satisfaction scores and you will reduced customers complaints from the 9%. Our company is now finding 41% fewer complaints than simply 3 years in the past.


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