Nordea Bank Abp
Nordea Bank AB (publ): First Quarter Results 2017
DGAP-News: Nordea Bank AB (publ) / Key word(s): Quarter Results First Quarter Results 2017 CEO Casper von Koskull’s comments on the results:
Income momentum has improved and total income is up by 6% compared to the first quarter of 2016, mainly driven by net fee and commission income. Assets under management reached a new all-time high level of EUR 330.1bn, mainly driven by strong performance. Costs are up 5% compared to the first quarter of 2016 mainly driven by Group projects, Compliance and Risk and we see good progress in our investment programmes. Credit quality is solid and loan losses remain largely unchanged at 14 bps. The capital position continues to strengthen and the Common Equity Tier 1 ratio increased to 18.8%, compared to 18.4% at the end of 2016. Our transformation projects are running in line with expectations, and the Core Banking Programme is making steady progress towards implementation of the full savings and deposits portfolio in Finland during 2017.”
Common Equity Tier 1 capital ratio 18.8%, up from 16.7% (up 40 bps from 18.4%) Cost/income ratio1,2 unchanged at 51% (unchanged from 51%) Loan loss ratio of 14 bps, up from 13 bps (down 2 bps from 16 bps) Return on equity1,2 10.3%, up from 10.1% (down 2.6%-points from 12.9%) Diluted EPS EUR 0.21 vs. EUR 0.19 (EUR 0.21 vs. EUR 0.25)
27.04.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Nordea Bank AB (publ) |
Smålandsgatan 17 | |
105 71 Stockholm | |
Sweden | |
ISIN: | CH0284415681 |
WKN: | A1Z2TU |
Listed: | Regulated Unofficial Market in Berlin; Open Market in Frankfurt; SIX |
End of News | DGAP News Service |