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Nordea Bank AB (publ): First Quarter Results 2017 - Seite 2

Net loan losses EUR 113m, +2%; +2% in local currencies (-12%, -12% in local currencies)

Operating profit^1,2 EUR 1,102m, +10%; +8% in local currencies (-3%, -4% in local currencies)

Common Equity Tier 1 capital ratio 18.8%, up from 16.7% (up 40 bps from 18.4%)

Cost/income ratio^1,2 unchanged at 51% (unchanged from 51%)

Loan loss ratio of 14 bps, up from 13 bps (down 2 bps from 16 bps)

Return on equity^1,2 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)

Exchange rates used for Q1 2017 for income statement items are for DKK 7.4352, NOK 8.9883 and SEK 9.5053.
¹ Excl. non-recurring items (Q4 2016: gain related to Visa Inc.'s acquisition of Visa Europe amounting to EUR 22m before tax).
² Excl. non-recurring items (Q4 2016: gain in staff costs related to change in pension agreement in Norway of EUR 86m before tax).

First Quarter Results 2017:
http://www.rns-pdf.londonstockexchange.com/rns/5080D_-2017-4-27.pdf


For further information:
Casper von Koskull, President and Group CEO, [phone] Torsten Hagen Jørgensen, Deputy CEO and Group COO, [phone]

Rodney Alfvén, Head of Investor Relations, [phone] Helga Baagøe, Acting Head of Group Communications, [phone]


The information in this press release is such, which Nordea Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 06.30 CET on 27 April 2017.

 

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27.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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

568051  27.04.2017