17.07.2014 14:46:00

Nordea Pankki Suomi Oyj: Nordea Bank Finland Plc: Interim Report January-June 2014

Regulatory News:

The interim report of Nordea Bank Finland Plc (HEX:NDA1V) has been published. Only information having material influence on the value of securities is included in the press release. The full interim report is available at www.nordea.com/Investor+Relations/Financial Reports/Local Reports/Local ReportsFinland.

Nordea Bank Finland Plc is a wholly owned subsidiary of Nordea Bank AB (publ), the listed parent company of the whole Nordea Group. This statutory interim report covers the operations of the legal entity Nordea Bank Finland Plc and its subsidiaries in Finland and abroad.

The business operations of the Nordea Group have been organised in three main business areas, with full responsibility for their value chains: Retail Banking, Wholesale Banking and Wealth Management. The consolidated interim report of Nordea Bank AB (publ) embraces all the activities of the Nordea Group and provides the most complete and fair view. The Finnish Asset Management & Life operations are included in the interim report of the Nordea Group.

Summary of the first half of 2014

  • The operating profit of Nordea Bank Finland Group increased to EUR 632m
  • Total income up 9% to EUR 1,219m
  • Net interest income up 5%
  • Net commissions were EUR 130m higher mainly due to lower guarantee expenses
  • Total expenses increased 2% to EUR 538m
  • Net loan losses increased somewhat
  • Loans to the public excluding repurchase agreements and the transfer of the Baltic operations increased 3% year-on-year
Summary key figures   Jan-Jun   Jan-Jun   Change   Full year
2014 2013 % 2013
Net interest income, EURm 595 566 5 1 183
Total operating income, EURm 1,219 1,122 9 2 224
Profit before loan losses, EURm 681 593 15 1 165
Net loan losses, EURm -49 -36 36 -53
Loan loss ratio, annualised, bps 9 7 29
Operating profit, EURm 632 557 13 1 113
Return on equity, % 10.8 9.2 17 8.8
Tier 1 capital ratio, % 13.9 14.9 15.0
Total capital ratio, % 14.0 15.7 15.8
Number of employees (full time equivalents) 6 675 8 407 -21 7 981

In Stockholm 17 July 2014

Nordea Bank Finland Plc Board of Directors

Nordea Bank Finland Plc, Interim Report January – June 2014 (http://www.nordea.com/Investor+Relations/Financial+reports/Local+reports/Local+reports+Finland/799542.html)

Nordea's vision is to be a Great European bank, acknowledged for its people, creating superior value for customers and shareholders. We are making it possible for our customers to reach their goals by providing a wide range of products, services and solutions within banking, asset management and insurance. Nordea has around 11 million customers, approximately 800 branch office locations and is among the ten largest universal banks in Europe in terms of total market capitalisation. The Nordea share is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Helsinki and Copenhagen.

www.nordea.com

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