Report on the newest one-fourth

Customer providers volumes from the number-highest profile. Financial financing amounts increased by 6%, seasons towards season, on the fourth quarter, supported by business progress along the Nordics. SME credit became from the 6% and you may assets under government (AuM) improved because of the 17%. Mortgage loans, SME credit and you may AuM attained the highest profile during the Nordea’s record.

Solid earnings increases, motivated by the ten% rise in income and you will strict costs manage. Fourth-quarter doing work finances enhanced because of the 32%, seasons with the year, to help you EUR step 1,281m. Complete earnings try upwards 10%, passionate of the an effective 7% upsurge in net attract earnings and you can an effective sixteen% rise in websites fee and commission earnings. Net reasonable really worth impact enhanced from the fourteen%. Costs was in fact in line with the prior one-fourth but diminished by 10%, seasons towards 12 months, since 4th one-fourth from 2020 is impacted by outstanding rates facts.

Went on strong borrowing from the bank high quality. Online loan losses and you can equivalent websites effects amounted so you can EUR 56m or 7bp about one-fourth, compared with 3bp throughout the 4th quarter away from 2020. Realized websites mortgage losings remained lower, in line with earlier in the day episodes, in addition to fees on the quarter included strengthened arrangements to have a good few particular situations. New government judgement shield is actually intact during the EUR 610m.

Cost-to-money ratio right down to 47% and you can get back to your guarantee in the eleven.3%. Nordea’s costs-to-income ratio increased to 47% out of 57% just last year on 4th one-fourth, backed by earnings growth and proceeded cost abilities. Come back on the equity (RoE) is actually 11.3%. Money for each share improved of the 44% so you’re able to EUR 0.twenty six out-of EUR 0 installment loans online HI.18.

Bonus away from approx. EUR 0.69* per express advised to possess 2021 – CET1 proportion from the 17.0%. Nordea’s Panel has recommended a bonus around EUR 0.69* each share to own 2021 – up 77% of EUR 0.39 having 2020. It results in an excellent 70% payment ratio, according to Nordea’s dividend plan. The fresh new CET1 ratio increased to 17.0% away from sixteen.9% in the previous one-fourth in fact it is today six.8 commission things above the regulating specifications. Nordea try purchased applying an effective capital structure and you can began an effective EUR 2bn express buy-back programme on the , 109m shares got repurchased at a cost away from EUR step 1,160m. Nordea features filed an official software towards ECB in for possible pursue-for the express buy-backs.

The fresh new monetary address for 2025. Having good 2021 RoE out of 11.2% and a payment-to-earnings ratio away from forty-eight%, Nordea enjoys surpassed their complete-seasons 2022 financial aim one year in advance of schedule. Nordea’s the brand new, full-seasons 2025 monetary target try a good RoE significantly more than thirteen%, supported by an installment-to-earnings proportion of forty five–47%. To possess 2022, Nordea needs a RoE over 11%, supported by a repayment-to-money ratio away from forty-two–50%, even after financial support to own growth and better regulatory will set you back, for instance the Swedish financial tax. Nordea commonly hold a money Locations Time on the 17 March in order to mention the financial target and you will arrangements towards this new strategy months in detail.

(For additional views, comprehend the Chief executive officer discuss page dos. For definitions, select page 53 on Q4 2021 report)

* Calculate count in line with the estimated quantity of shares that be in question in the projected dividend choice time.

Chief executive officer opinion

Everyone hoped we could possibly have the ability to set COVID trailing all of us within the 2021, but unfortunately brand new pandemic together with associated uncertainty proceeded. On the whole, regardless if, 2021 is actually promising, with several positive signs throughout the market and you may people. Going forward, we may still face particular setbacks out of this new trojan alternatives, but we are more capable and you may durable from inside the controlling the altering facts.

Having Nordea, 2021 is a profitable season. I am happy with the way we has actually changed as a financial – as well as our very own customers. All of our organization quantities expanded so we attained markets offers across the Nordics. The home loan lending expanded of the six%, SME lending because of the six% and you can assets significantly less than management (AuM) by the 17%, reaching all of the-time-higher membership. Meanwhile, we went on to manufacture most useful buyers experience. I improved all of our customer satisfaction scores and you may quicker buyers problems of the 9%. The audience is today searching 41% less complaints than just three years ago.