Purpose to own 2022 exceeded when you look at the 2021 – brand new target getting 2025

Purpose to own 2022 exceeded when you look at the 2021 – brand new target getting 2025

Purpose to own 2022 exceeded when you look at the 2021 – brand new target getting 2025

Durability is at new center your strategy – integrated into all aspects of our own company, from your equipment offering to the money i went on to develop our very own provider and you will product giving inside capital and you may investment government. Overall eco-friendly lending increased so you can EUR nine.7bn, buyer need for the ESG savings products stayed higher therefore we are the major-ranks financial for Nordic sustainable bonds.

We were once more ranked one of the greatest 100 extremely renewable companies around the globe of the Business Knights – the sole Nordic financial on positions

Most of these issues led to a robust complete-seasons economic abilities. The 2021 working finances is more than EUR 4.9bn, which is 67% more than from inside the 2020, and our get back towards security are eleven.2%, right up regarding seven.1% just last year.

On last one-fourth we went on and come up with constant progress, expanding our very own organization and you will customer craft according to previous household and achieving income with the collateral of 11.3%. All of our secret attract stays for the increasing revenues shorter than costs. Which quarter, all of our prices-to-money ratio enhanced so you’re able to 47% from 57% this past year.

Our very own borrowing top quality stays good, which have web mortgage losses out of 7bp for the one-fourth. I kept our administration judgement boundary undamaged from the EUR 610m just like the new impact of your own pandemic toward our very own consumers stays unclear.

During the 2021 as a whole, our very own websites loan losses have been only 1bp, in contrast to 35bp into the 2020

We are very purchased implementing an efficient financial support build. All of our financial support fuel is just one of the best in Europe, having a CET1 ratio off 17.0%, which is six.8 payment items over the newest regulating requirements. It indicates we could continue to service all of our users, pay out returns and deploy way too much funding – helping both all of our investors and neighborhood at large.

Showing all of our very good economic performance and you may financial support updates, our Panel has actually advised a great 2021 dividend of about EUR 0.69* per show – a serious raise on dividend regarding EUR 0.39 each show to own 2020. It results in a payout proportion away from 70%, according to our very own bonus plan.

At the same time, our show purchase-back program continues on. Up until now, i have deployed 75% of 1st EUR 2bn arranged, that have bought straight back 141m shares from your shareholders. We envision share pick-backs getting an integral part of our very own financing government and you can registered a formal app towards the ECB into the me.

To have 2022, i anticipate to send money to the security above 11%, with went on winning development, and you will all of our prices-to-money proportion is anticipated are 44–50%. Inside the 2021 the purchase price-to-earnings ratio benefited out-of excessively higher financial sector earnings therefore online payday loans Missouri we anticipate to purchase getting went on gains and happen higher regulatory will cost you into the 2022, including the Swedish financial income tax. The functional results will continue to increase and we anticipate all of our pricing-to-earnings ratio to store towards the coming down regarding upcoming decades.

From inside the we launched another type of proper advice getting Nordea. That have ambitious financial objectives for 2022 and an updated business strategy, our aim were to retake shed floor running a business and you will increase the monetary results. We chose to run around three trick priorities: in order to make great buyers enjoy, drive money increases attempts and optimise working show.

We’re most worried about taking on the plans and you will goals. I am pleased that people keeps surpassed our very own 2022 financial goals one year ahead off agenda hence the business areas possess met the respective goals.

I would personally establish the newest status as the an important milestone. Now we’re going to move ahead to deliver ideal-in-group omnichannel consumer enjoy, enhance the club to your our very own monetary results and you will push subsequent really worth design for the investors. We need to be the common mate to have Nordic consumers in need of a general set of financial qualities.

Share this post