Class quarterly efficiency and you can secret percentages, Q4 2021

Writeup on the brand new quarter

Buyers company quantities in the record-higher accounts. Financial credit volumes improved by six%, seasons to your season, on last quarter, backed by share of the market progress along side Nordics. SME lending grew by six% and you can assets lower than government (AuM) improved from the 17%. Mortgage loans, SME lending and AuM achieved the greatest account in Nordea’s records.

Strong funds progress, passionate by 10% upsurge in money and you will tight rates manage. Fourth-one-fourth functioning money improved because of the thirty two%, 12 months towards the 12 months, in order to EUR 1,281m. Total money is right up 10%, inspired because of the a good eight% boost in web attract income and you may an excellent 16% upsurge in online commission and fee income. Internet reasonable worth results enhanced by the fourteen%. Costs was basically in line with the earlier in the day one-fourth however, decreased from the 10%, seasons for the season, just like the last quarter regarding 2020 is actually influenced by outstanding rates things.

Continued good borrowing quality. Online mortgage loss and similar websites result amounted to help you EUR 56m or 7bp regarding the quarter, compared to 3bp about next one-fourth from 2020. Realised websites loan losings remained low, in line with earlier episodes, while the fees towards the quarter included reinforced terms to possess an excellent small number of specific factors. The fresh new administration reasoning buffer is undamaged during the EUR 610m.

Cost-to-money proportion down to 47% and you will go back towards equity within eleven.3%. Nordea’s pricing-to-money proportion enhanced so you’re able to 47% of 57% just last year throughout the last quarter, backed by earnings gains and you will continued cost overall performance. Come back into guarantee (RoE) is eleven.3%. Income per share improved because of the 49% in order to EUR 0.26 off EUR 0.18.

Dividend away from approx. EUR 0.69* for every display advised to possess 2021 – CET1 ratio during the 17.0%. Nordea’s Panel features suggested a bonus of around EUR 0.69* for every share for 2021 – upwards 77% off EUR 0.39 having 2020. That it translates to a great 70% payout proportion, according to Nordea’s dividend policy. Brand new CET1 proportion increased to 17.0% off 16.9% in the earlier one-fourth that is now 6.8 payment activities above the regulatory needs. Nordea was committed to applying a competent money construction and began an effective EUR 2bn display pick-straight back plan towards the , 109m shares ended up being repurchased at a high price from EUR step 1,160m. Nordea features recorded an official application to the ECB in for prospective pursue-towards the express get-backs.

New monetary target to own 2025. Which have good 2021 RoE out-of eleven.2% and a repayment-to-money proportion of forty eight%, Nordea provides surpassed the full-seasons 2022 financial objectives one year ahead of plan. Nordea’s the fresh, full-year 2025 monetary target was a RoE over thirteen%, supported by a payment-to-money ratio away payday loans online Nebraska from forty five–47%. To own 2022, Nordea wants a great RoE over eleven%, backed by a cost-to-money ratio off forty-two–50%, despite funding having growth and better regulatory will set you back, for instance the Swedish bank tax. Nordea often hold a capital Segments Go out into 17 March so you’re able to discuss its monetary target and you may preparations for the the new means several months in more detail.

(For additional viewpoints, comprehend the Ceo comment on web page dos. To possess definitions, see webpage 53 throughout the Q4 2021 statement)

* Estimate count in line with the estimated amount of offers which can get into thing on estimated dividend choice time.

Chief executive officer remark

We all wished we would have the ability to place COVID trailing all of us inside the 2021, regrettably the new pandemic together with relevant suspicion went on. On the whole, regardless if, 2021 is actually encouraging, with many different self-confident cues in the economy and community. In the years ahead, we could possibly however deal with certain setbacks regarding the new malware variants, however, the audience is more capable and you will long lasting into the managing the altering items.

For Nordea, 2021 is a successful seasons. I’m proud of the way we have evolved because the a bank – plus our customers. All of our business quantities became and we gained industry offers along side Nordics. Our very own financial credit increased by 6%, SME credit by the six% and you will possessions significantly less than government (AuM) because of the 17%, getting together with the-time-higher accounts. At the same time, we proceeded which will make ideal consumer experience. I enhanced our very own customer care results and you can shorter customers complaints of the 9%. We are now researching 41% less complaints than just three years back.