Article on brand new one-fourth

Customers providers quantities at checklist-large accounts. Financial financing volumes improved because of the 6%, 12 months toward 12 months, regarding last one-fourth, supported by business development along side Nordics. SME lending increased from the six% and you will possessions less than management (AuM) improved by the 17%. Mortgages, SME financing and AuM reached the greatest account in the Nordea’s background.

Good cash progress, determined because of the ten% escalation in income and you can rigorous costs handle. Fourth-quarter operating money enhanced from the thirty two%, year on seasons, so you’re able to EUR step one,281m. Full money is right up 10%, passionate because of the a good 7% escalation in internet appeal income and you will a 16% rise in websites commission and you may payment income. Online reasonable well worth impact enhanced by 14%. Will cost you were in line with the prior quarter but diminished because of the 10%, 12 months towards the 12 months, just like the fourth one-fourth out of 2020 is actually affected by outstanding costs circumstances.

Went on strong borrowing from the bank top quality. Net financing losses and you will similar net effects amounted so you’re able to EUR 56m otherwise 7bp about one-fourth, in contrast to 3bp throughout the 4th one-fourth of 2020. Realized websites financing loss stayed reasonable, in line with prior symptoms, while the charge on the one-fourth integrated bolstered provisions for good small number of particular situations. The fresh government judgement buffer is actually intact in the EUR 610m.

Cost-to-income proportion right down to 47% and you may return on equity during the eleven.3%. Nordea’s prices-to-money ratio improved so you’re able to 47% regarding 57% just last year regarding the 4th quarter, supported by income progress and you will went on prices efficiency. Get back towards equity (RoE) are eleven.3%. Earnings per show increased by the forty two% so you can EUR 0.twenty six off EUR 0.18.

Bonus of approx. EUR 0.69* for each share advised having 2021 – CET1 ratio within 17.0%. Nordea’s Panel has actually advised a dividend of around EUR 0.69* per share to own 2021 – up 77% away from EUR 0.39 to possess 2020. This usually means a 70% payment ratio, relative to Nordea’s dividend rules. New CET1 ratio risen up to 17.0% regarding 16.9% in the earlier one-fourth and that’s today 6.8 commission facts over the regulating requirements. Nordea was invested in applying a simple yet effective capital build and you will began an effective EUR 2bn display get-straight back program with the , 109m shares was actually repurchased at a price from EUR 1,160m. Nordea enjoys submitted a proper app to your ECB set for potential pursue-towards share buy-backs.

The monetary target to have 2025. With an excellent 2021 RoE from eleven.2% and a repayment-to-income proportion out-of forty eight%, Nordea possess surpassed its full-season 2022 economic plans 1 year ahead of schedule. Nordea’s new, full-seasons 2025 monetary target are an excellent RoE significantly more than thirteen%, supported by an installment-to-money proportion away from forty-five–47%. Getting 2022, Nordea wants good RoE a lot more than eleven%, supported by a cost-to-earnings proportion out-of 44–50%, despite financing getting growth and higher regulating costs, like the Swedish lender tax. Nordea have a tendency to keep a money Locations Go out towards the 17 February so you’re able to speak about its financial target and you will arrangements on the new means period in detail.

(For further opinions, comprehend the President comment on page dos. Getting definitions, come across webpage 53 regarding the Q4 2021 declaration)

* Approximate number based on the projected amount of shares that get in point at estimated bonus choice time.

President feedback

We wished we possibly may have the ability to place COVID trailing us in 2021, but unfortunately the fresh new pandemic and the related suspicion continued. On the whole, though, 2021 are guaranteeing, with several confident signs throughout the economy and you can neighborhood. In the years ahead, we could possibly however face particular setbacks from the fresh new trojan variations, however, our company is more capable and resilient into the managing the changing situations.

Getting Nordea, 2021 try a profitable season. I’m proud of exactly how we keeps evolved as the a financial – including our people. The company online payday loan California amounts expanded and we attained business shares along the Nordics. All of our financial credit expanded of the six%, SME lending by 6% and assets around management (AuM) from the 17%, getting all-time-high profile. At the same time, i continued which will make top consumer experience. We enhanced our customer care score and you will reduced customers problems from the 9%. Our company is now getting 41% fewer grievances than just 3 years in the past.