The half-year financial report of Nordea Bank Finland Plc has been published. Only information having material influence on the value of securities is included in the press release. The full half-year financial report is available at http://www.nordea.com/en/investor-relations/reports-and-presentations/
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 half-year 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 half-year report of the Nordea Group.
Summary of the first half of 2016
Summary key figures | Jan-Jun | Jan-Jun | Change | Full year |
2016 | 2015 | % | 2015 | |
Net interest income, EURm | 435 | 526 | -17 | 1,052 |
Total operating income, EURm | 1,002 | 1,389 | -28 | 2,485 |
Profit before loan losses, EURm | 502 | 909 | -45 | 1,494 |
Net loan losses, EURm | -8 | -55 | -85 | -92 |
Operating profit, EURm | 494 | 854 | -42 | 1,402 |
Loan loss ratio, annualised, bps | 2 | 10 | 9 | |
Return on equity, % | 6.7 | 13.5 | 9.6 | |
Tier 1 capital ratio, incl Basel I floor, % | 19.1 | 14.5 | 19.3 | |
Total capital ratio, incl Basel I floor, % | 20.2 | 15.6 | 20.3 | |
Number of employees (full time equivalents) | 6,722 | 6,615 | 2 | 6,595 |
In Helsinki 20 July 2016
Nordea Bank Finland Plc
Board of Directors
Additional information:
Juha Vuopio, Chief Financial Officer + 358 50 303 9168
Kati Tommiska, Head of Communications, Finland + 358 50 382 1391
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The following files are available for download:
Nordea Bank Finland Plc, Half-year Financial Report January-June 2016 |