Nordea Mortgage Bank Plc
Nordea Mortgage Bank Plc: Half-year Report

Stock Exchange release

Nordea Mortgage Bank Plc: Half-year financial report January-June 2021

Nordea Mortgage Bank Plc’s Half-year financial report and Alternative performance measures have been published. The documents are attached to this release and they are available on the Internet at http://www.nordea.com/en/investor-relations/reports-and-presentations/.

Only information having material influence on the value of securities is included in this stock exchange release.

Nordea Mortgage Bank Plc is a wholly owned subsidiary of Nordea Bank Abp, the listed parent company of the whole Nordea Group. This statutory half-year report covers the operations of the legal entity Nordea Mortgage Bank Plc. The half-year report of Nordea Bank Abp comprises the operations of the Nordea Group as a whole and gives the best overview of the Group.

Summary of the first half of 2021:

– The operating profit of Nordea Mortgage Bank amounted to EUR 23.6m

– Net interest income totalled EUR 128.9m

– Total operating income was EUR 135.8m

– Total operating expenses were EUR -77.8m. The transfer pricing method applied to the intra-group services has been updated, entailing pricing adjustments which increase the expenses in Nordea Mortgage Bank.

– Net loan losses totalled EUR -34.4m. The IFRS 9 model was updated with more conservative loss data assumption.

– Loans to the public amounted to EUR 29,804.8m.

– Debt securities in issue totalled EUR 20,814.6m.

– The size of the cover pool was EUR 23,348.1m and overcollateralization 12.2%.

Helsinki, 21 July 2021

Nordea Mortgage Bank Plc
Board of Directors


Additional information:

Link, Nordea Mortgage Bank Plc, Half-year financial report January-June 2021
http://www.rns-pdf.londonstockexchange.com/rns/9868F_2-2021-7-21.pdf

Link, Nordea Mortgage Bank Plc, Alternative Performance Measures January-June 2021
http://www.rns-pdf.londonstockexchange.com/rns/9868F_1-2021-7-21.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.