Nordea Bank AB Announces Unaudited Consolidated and Parent Earnings Results for the Fourth Quarter and Full Year of 2015; Reports Impairment Charges for Fourth Quarter of 2015
For the full year, on consolidated basis, the company reported net interest income was EUR 5,110 million against EUR 5,482 million a year ago. Total operating income excl. non-recurring items was EUR 9,964 million against EUR 9,864 million a year ago. Profit before loan losses was EUR 5,183 million against EUR 4,841 million a year ago. Profit before loan losses excl. non-recurring items was EUR 5,270 million against EUR 4,998 million a year ago. Operating profit excl. non-recurring items was EUR 4,791 million against EUR 4,464 million a year ago. Total operating income was EUR 10,140 million against EUR 10,241 million a year ago. Operating profit was EUR 4,704 million against EUR 4,307 million a year ago. Diluted earnings per share were EUR 0.91 against EUR 0.83 a year ago. ROE from continuing operations excl. non-recurring items was 12.3% against 11.5% a year ago. ROE from continuing operations was 12.2% against 11.4% a year ago. Net profit for period from continuing operations was EUR 3,662 million against EUR 3,357 million a year ago. Net profit attributable to shareholders of company was EUR 3,662 million against EUR 3,332 million a year ago. Cash flow from operating activities was EUR 196 million against cash flow used in operating activities of EUR 10,824 million a year ago. Additions to intangible assets were EUR 458 million against EUR 271 million a year ago.
For the quarter, the parent company reported net interest income was EUR 127 million against EUR 153 million a year ago. Total operating income was EUR 2,635 million against EUR 2,640 million a year ago. Profit before loan losses was EUR 1,976 million against EUR 2,098 million a year ago. Operating profit was EUR 1,916 million against EUR 2,045 million a year ago. Net profit was EUR 1,811 million against EUR 1,867 million a year ago.
For the year, the parent company reported net interest income was EUR 576 million against EUR 649 million a year ago. Total operating income was EUR 4,542 million against EUR 4,963 million a year ago. Profit before loan losses was EUR 2,355 million against EUR 2,728 million a year ago. Operating profit was EUR 2,203 million against EUR 2,615 million a year ago. Net profit was EUR 1,920 million against EUR 2,425 million a year ago.
For the quarter, the company reported impairment of securities held as financial non-current asset was SEK 9 million against SEK 15 million a year ago.