Needs to have 2022 exceeded in 2021 – this new target to possess 2025

Durability is at the latest center in our method – utilized in all aspects in our organization, from your device giving to our funding we continued to develop our very own provider and you will product giving in this funding and you will house government. Complete environmentally friendly financing grew so you’re able to EUR 9.7bn, trader installment loan Missouri need for all of our ESG savings things stayed higher and we are nevertheless the top-ranking financial to have Nordic green ties.

We were again rated among the many most useful one hundred very green organizations globally of the Corporate Knights – the actual only real Nordic bank throughout the positions

All these factors contributed to a robust full-year monetary efficiency. Our 2021 doing work money is actually more EUR cuatro.9bn, that’s 67% more than for the 2020, and you can all of our go back for the security was eleven.2%, up away from seven.1% last year.

From the 4th one-fourth we continued while making constant improvements, expanding all of our business and consumer pastime relative to past quarters and achieving a return towards the security of 11.3%. All of our secret desire remains on the increasing revenue faster than will cost you. Which one-fourth, our very own rates-to-earnings proportion improved to help you 47% of 57% last year.

Our very own borrowing from the bank top quality stays strong, having net loan losings regarding 7bp inside the one-fourth. We leftover our very own management judgement shield unchanged in the EUR 610m since new feeling of pandemic towards our people remains uncertain.

In the 2021 general, the websites loan loss was in fact simply 1bp, compared with 35bp from inside the 2020

I are still extremely committed to applying a powerful resource structure. All of our resource energy is amongst the best in European countries, which have good CET1 ratio of 17.0%, which is six.8 payment items above the newest regulatory specifications. It indicates we could always help our people, shell out returns and you will deploy too much financial support – gaining each other our investors and you can community at large.

Highlighting all of our very strong monetary results and you may resource position, our very own Board has suggested good 2021 bonus of around EUR 0.69* for every single express – a life threatening improve on the bonus away from EUR 0.39 for each and every show for 2020. It translates to a commission ratio off 70%, in accordance with all of our dividend plan.

Meanwhile, our very own show buy-right back plan continues. At this point, we have implemented 75% of 1st EUR 2bn structured, that have purchased right back 141m shares from your shareholders. We believe share buy-backs is part of the financial support administration and filed an official app to the ECB within the me personally.

To have 2022, i anticipate to deliver a revenue into collateral above 11%, which have proceeded effective progress, and you can our very own cost-to-income ratio is expected as forty two–50%. From inside the 2021 the purchase price-to-earnings proportion gained of excessively large financial sector income so we expect you’ll dedicate getting went on progress also to incur high regulatory will cost you within the 2022, including the Swedish lender taxation. Our very own operational abilities will continue to raise and we also anticipate the prices-to-money ratio to keep towards the coming down in the upcoming ages.

Into the we introduced an alternate proper guidelines for Nordea. Having bold monetary aim having 2022 and you may a current business strategy, the point were to take shed floor operating and you will increase our economic efficiency. We made a decision to focus on about three key priorities: to produce high buyers feel, push earnings growth initiatives and you may optimize working performance.

Our company is extremely worried about delivering for the all of our purpose and you will priorities. I am happier that we provides exceeded our 2022 economic plans that year ahead out-of plan which the business areas provides came across its particular plans.

I’d describe all of our latest condition just like the an important milestone. Now we shall move forward to transmit ideal-in-category omnichannel customer knowledge, increase the pub towards the our economic show and you may drive further value production for our investors. We should become prominent spouse having Nordic customers for the need of an over-all list of financial services.