Nordea Bank has summarized its results of the first half 2011

19.07.2011

Nordea Bank has summarized its results of the first half 2011

In H1 2011, Nordea Bank has shown a positive dynamics across most of its key areas compared to the same period last year.

Equity up 7.6% to 29.59 billion rubles, assets – up 25.4% to 198.63 billion rubles. As of Q2, the Bank’s credit portfolio reached 157.15 billion rubles – 7.7% up against the same period last year.

Corporate loans totaled 132.36 billion rubles. As of H1 2011, retail loans –12.78 billion rubles, which is 26.9% more than during the same period last year.

Customer accounts up 131.6% to 70.05 billion rubles.

As of 1 July 2011, net profit – 1.36 billion rubles. Its decrease is due to lower interest rates and margin, as well as ruble appreciation (most of the Bank’s credit portfolio is denominated in foreign currency) and lower income from the securities portfolio.

OJSC Nordea Bank’s key financials (IFRS, billion rubles)

Date

01.07.2010

01.07.2011

Equity (Capital)

27.51

29.59

Assets

158.46

198.63

Credit portfolio (including loans to banks), out of wich:

145.98

157.15

Corporate loans

125.53

132.36

Retail loans

10.07

12.78

Customer accounts

30.28

70.05

Net profit

1.68

1.36


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