Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Shareholder Meeting (March 2022)
5 slides from Nordea Bank Abp's shareholder meeting presentation, Mar 24, 2022
Slide 1: AGM 2022
AGM 2022 CEO review and presentation of the annual accounts Frank Vang-Jensen, President and Group CEO 24 March 2022 Confidential
Slide 2: 2021 highlights: Executive summary
2021 highlights Executive summary Customer business volumes at all-time-high levels - Mortgage volumes up 6% y/y, SME lending up 6% y/y and assets under management up 17% y/y Operating profit over EUR 4.9bn – up 67% compared to 2020 Costs in line with guidance – full-year cost-to-income ratio of 48%
Slide 3: Key financials: Group full-year results 2021
Key financials Group full-year results 2021 Income statement and key ratios FY21 FY20 FY/FY EURm Net interest income 4,925 4,515 9% Net fee and commission income 3,495 2,959 18 % Net fair value result 1,119 900 24 % Other income 81 92 -12 % Total operating income 9,620 8,466 14 % Total operating exp
Slide 4: Updated business plan with higher target
Nordea 2022–25 Updated business plan with higher target 2025 financial target Return on equity >13% 2022–25 Assumes CET1 requirement of 15–16%, The preferred financial partner including management buffer in the Nordics Raising the bar Supported in 2025 by Firm financial target bringing us to best-in
Slide 5: Our key priorities
Nordea 2022–25 Our key priorities CREATE DRIVE INCREASE the best omnichannel focused and operational and customer experience profitable growth capital efficiency Digital leader Sustainability at the core The preferred partner for customers in need of a broad range of financial services 5