Report about the newest one-fourth
Customer providers quantities within list-highest accounts. Home loan lending volumes increased because of the six%, seasons for the seasons, in the last quarter, backed by share of the market development along the Nordics. SME financing expanded by the six% and you can assets significantly less than government (AuM) enhanced by 17%. Mortgages, SME financing and AuM attained the greatest membership from inside the Nordea’s record.
Strong earnings increases, determined by the 10% rise in money and strict rates control. Fourth-quarter performing cash enhanced of the thirty-two%, year to the year, so you can EUR step 1,281m. Overall earnings try right up ten%, inspired by an effective seven% boost in online notice earnings and you can a good sixteen% rise in web commission and you may payment income. Web reasonable value effects improved of the fourteen%. Costs was in fact in line with the early in the day one-fourth however, diminished by 10%, seasons towards the season, as the 4th quarter out-of 2020 is actually affected by exceptional cost activities.
Went on strong credit top quality. Web mortgage losses and you can equivalent online result amounted so you can EUR 56m otherwise 7bp from the one-fourth, weighed against 3bp in the fourth one-fourth regarding 2020. Realised websites loan losings remained lowest, in line with earlier in the day attacks, plus the costs to the one-fourth included reinforced specifications for a small number of specific points. Brand new government judgement barrier are intact at the EUR 610m.
Cost-to-money ratio down to 47% and you may come back toward equity in the 11.3%. Nordea’s pricing-to-earnings ratio enhanced so you can 47% of 57% this past year from the next one-fourth, supported by income increases and you will proceeded prices abilities. Come back for the collateral (RoE) was eleven.3%. Money for every show improved by the forty two% to help you EUR 0.26 regarding EUR 0.18.
Dividend out-of approx. EUR 0.69* for every show suggested to have 2021 – CET1 ratio at the 17.0%. Nordea’s Board features proposed a dividend of about EUR 0.69* for each and every share getting 2021 – right up 77% of EUR 0.39 to own 2020. This means an effective 70% payout proportion, relative to Nordea’s bonus rules. The latest CET1 proportion risen to 17.0% away from sixteen.9% in the previous one-fourth and that’s now six.8 commission products over the regulatory specifications. Nordea are purchased applying an effective resource build and you will commenced an excellent EUR 2bn display pick-right back program into the , 109m offers had been repurchased at a high price away from EUR step 1,160m. Nordea possess filed a formal software for the ECB in for potential realize-towards the show pick-backs.
The monetary address having 2025. Having a great 2021 RoE off 11.2% and a repayment-to-income proportion out of 48%, Nordea has actually exceeded its full-year 2022 financial targets 1 year ahead of plan. Nordea’s the newest, full-season 2025 monetary target was a RoE significantly more than 13%, supported by an installment-to-money ratio out of 45–47%. To possess 2022, Nordea wants a beneficial RoE more than eleven%, backed by a fees-to-earnings ratio from forty two–50%, even after funding to own gains and higher regulatory costs, such as the Swedish financial taxation. company site Nordea often keep a money Markets Go out to the 17 March so you’re able to speak about its monetary target and you will agreements with the the new approach period in more detail.
(For further feedback, comprehend the President touch upon web page dos. For significance, pick page 53 on the Q4 2021 statement)
* Estimate count according to the projected level of shares that can enter point during the projected dividend decision go out.
President feedback
We hoped we might manage to place COVID at the rear of all of us in 2021, regrettably the pandemic as well as the related uncertainty went on. In general, regardless if, 2021 was guaranteeing, with many different confident signs in the economy and you may society. In the years ahead, we possibly may still face certain setbacks of the fresh new virus versions, however, we have been more experienced and durable during the managing the switching facts.
To own Nordea, 2021 try a profitable seasons. I am pleased with the way we has actually evolved given that a financial – plus our customers. All of our business volumes expanded so we gathered market shares across the Nordics. Our home loan lending became of the six%, SME credit by the six% and you may assets not as much as administration (AuM) of the 17%, getting together with the-time-higher account. Meanwhile, i continued to make best customer experiences. We increased our customer happiness score and you will shorter customers complaints of the 9%. We have been now getting 41% fewer complaints than simply 36 months ago.