Nordea Mortgage Bank PLC Half-year Report (6456L)
July 20 2017 - 8:00AM
UK Regulatory
TIDM43FX
RNS Number : 6456L
Nordea Mortgage Bank PLC
20 July 2017
Stock exchange release
Nordea Mortgage Bank Plc: Half-year financial report
January-June 2017
Nordea Mortgage Bank Plc's Half-year financial report
January-June 2017 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 press release.
Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea
Bank AB (publ), 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 AB (publ) comprises the operations of the Nordea Group
as a whole and gives the best overview of the Group.
Nordea Mortgage Bank Plc was established 1 October 2016 and
hence no comparable income statement figures are available for the
period January-June.
Summary of the first half of 2017
-- The operating profit of Nordea Mortgage Bank amounted to EUR 56.9m
-- Net interest income totalled EUR 91.1m
-- Total operating income was EUR 81.5m
-- Total operating expenses were EUR -24.3m
-- Net loan losses were on a low level and amounted to EUR -0.3m
-- Loans to the public decreased 3% compared to year-end 2016.
-- Debt securities in issue increased to EUR 17,780.5m.
Summary key figures Jan-Jun
2017
------------------------------ --------
Net interest income,
EURm 91.1
------------------------------ --------
Total operating income,
EURm 81.5
------------------------------ --------
Profit before loan
losses, EURm 57.2
------------------------------ --------
Net loan losses, EURm -0.3
------------------------------ --------
Operating profit,
EURm 56.9
------------------------------ --------
Loan loss ratio, annualised,
bps 0.3
------------------------------ --------
Return on equity,
% 8.3
------------------------------ --------
Tier 1 capital ratio,
incl Basel I floor,
% 10.2
------------------------------ --------
Total capital ratio,
incl Basel I floor,
% 12.1
------------------------------ --------
Number of employees
(full time equivalents) 19
------------------------------ --------
Helsinki, 20 July 2017
Nordea Mortgage Bank Plc
Board of Directors
Additional information:
Thomas Miller, Chief Executive Officer + 358 40 864 4554
Tomi Ylöstalo, Chief Financial Officer + 358 40 718 8184
Nordea Mortgage Bank Plc, Half-year financial report
January-June 2017
http://www.rns-pdf.londonstockexchange.com/rns/6456L_-2017-7-20.pdf
Nordea Mortgage Bank Plc, Alternative performance measures
January-June 2017
http://www.rns-pdf.londonstockexchange.com/rns/6456L_1-2017-7-20.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
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