Nordea an operating 1,157,000,000 euros fourth quarter last year, against 1.006 billion in the same period of 2013. For the entire 2014 operating profit was 4.324 billion euros , well 200 million better than last year.
– We put forward a robust result for 2014 with stable revenues, lower costs and higher credit quality, which has given nine percent increase in operating profit. This has been achieved despite the fact that conditions have been challenging, with low growth, low interest rates and increased geopolitical unrest, says CEO Christian Clausen, Nordea said in a statement.
Net interest income was at 1.356 billion euros in the fourth quarter, and 34 million less than in the last quarter of 2013. Revenues were 2.513 billion euros in the fourth quarter, up from 2.469 billion in the same period last year.
Less loss
Net losses were 129 million euros in the fourth quarter, and there are 71 million less than in the fourth quarter 2013.
– We have had a record inflow of 18.6 billion euros, and we have increased market share in save area. On the corporate market we have strengthened our position further and now ranks of Greenwich as the leading bank for large companies in the Nordic and Prospera as the best in Nordic equities, says Clausen.
– Tough 2015
Nordea writes in the message that the capital position improved further last year, particularly due to strong capital growth. Clean core capital adequacy improved, and at the end of last year at 15.7 percent.
– We are prepared that 2015 will be another year of low growth, low interest rates and new changes in customer behavior. We therefore cost and capital efficiency of our plans to ensure our solid financial foundation, says Clausen in the message.
The Board of Nordea proposes a dividend of 0.62 euros per share, writes Adresseavisen.
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