By Helgi Library - November 18, 2019
Nordea made a net profit of EUR -332 mil under revenues of EUR 2,292 mil in the third quarter of 2019, down 146% and up ...
By Helgi Library - November 18, 2019
Nordea made a net profit of EUR -332 mil under revenues of EUR 2,292 mil in the third quarter of 2019, down 146% and up ...
By Helgi Library - November 18, 2019
Nordea stock traded at EUR 6.51 per share at the end third quarter of 2019 implying a market capitalization of USD 28,624 mil. Since th...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | EUR mil | 4,727 | 4,666 | 4,491 |
| Net Fee Income | EUR mil | 3,238 | 3,369 | 2,993 |
| Other Income | EUR mil | 2,625 | 2,258 | 2,023 |
| Total Revenues | EUR mil | 10,590 | 10,293 | 9,507 |
| Operating Profit | EUR mil | 5,711 | 5,344 | 4,909 |
| Provisions | EUR mil | 502 | 369 | 173 |
| Net Profit | EUR mil | 3,766 | 3,031 | 3,077 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | EUR mil | 33,310 | 31,373 | 35,599 |
| Customer Loans | EUR mil | 298,513 | 293,866 | 291,593 |
| Total Assets | EUR mil | 615,659 | 581,612 | 551,408 |
| Shareholders' Equity | EUR mil | 32,410 | 33,316 | 32,901 |
| Interbank Borrowing | EUR mil | 42,134 | 46,999 | 47,119 |
| Customer Deposits | EUR mil | 170,030 | 165,418 | 160,258 |
| Issued Debt Securities | EUR mil | 202,209 | 188,101 | 199,577 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 11.9 | 9.22 | 9.29 |
| ROA | % | 0.597 | 0.506 | 0.543 |
| Costs (As % Of Assets) | % | 0.773 | 0.827 | 0.812 |
| Costs (As % Of Income) | % | 46.1 | 48.1 | 48.4 |
| Capital Adequacy Ratio | % | 24.7 | 25.2 | 19.9 |
| Net Interest Margin | % | 0.749 | 0.779 | 0.793 |
| Loans (As % Of Deposits) | % | 176 | 178 | 182 |
| NPLs (As % Of Loans) | % | 1.84 | 2.05 | 1.56 |
| Provisions (As % Of NPLs) | % | 43.7 | 38.4 | 44.2 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 11.3 | 13.4 | 9.53 | |
| Price/Book Value (P/BV) | 1.32 | 1.22 | 0.891 | |
| Dividend Yield | % | 6.15 | 6.74 | 9.51 |
| Earnings Per Share (EPS) | 0.933 | 0.750 | 0.762 | |
| Book Value Per Share | 8.03 | 8.25 | 8.15 | |
| Dividend Per Share | 0.650 | 0.680 | 0.691 | |
Get all company financials in excel:
| summary | Unit | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||||||||||||||||
| Net Interest Income | EUR mil | 5,563 | 5,525 | 5,482 | 4,963 | 4,727 | |||||||||||||||||
| Total Revenues | EUR mil | 10,682 | 10,726 | 10,790 | 10,772 | 10,590 | |||||||||||||||||
| Operating Profit | EUR mil | 5,656 | 5,703 | 5,930 | 6,098 | 5,711 | |||||||||||||||||
| Net Profit | EUR mil | 3,119 | 3,116 | 3,332 | 3,662 | 3,766 | |||||||||||||||||
| balance sheet | |||||||||||||||||||||||
| Interbank Loans | EUR mil | 44,717 | 59,477 | 73,885 | 51,377 | 33,310 | |||||||||||||||||
| Customer Loans | EUR mil | 320,073 | 303,292 | 298,568 | 308,646 | 298,513 | |||||||||||||||||
| Debt Securities | EUR mil | 118,162 | 124,109 | 130,086 | 132,296 | 135,446 | |||||||||||||||||
| Total Assets | EUR mil | 668,178 | 630,434 | 669,342 | 646,868 | 615,659 | |||||||||||||||||
| Shareholders' Equity | EUR mil | 29,976 | 31,073 | 31,788 | 31,032 | 32,410 | |||||||||||||||||
| Interbank Borrowing | EUR mil | 72,326 | 85,790 | 80,607 | 53,628 | 42,134 | |||||||||||||||||
| Customer Deposits | EUR mil | 183,778 | 174,043 | 172,969 | 179,630 | 170,030 | |||||||||||||||||
| Issued Debt Securities | EUR mil | 189,734 | 190,283 | 200,265 | 211,137 | 202,209 | |||||||||||||||||
| ratios | |||||||||||||||||||||||
| ROE | % | 10.7 | 10.2 | 10.6 | 11.7 | 11.9 | |||||||||||||||||
| ROA | % | 0.451 | 0.480 | 0.513 | 0.556 | 0.597 | |||||||||||||||||
| Costs (As % Of Assets) | % | 0.726 | 0.774 | 0.748 | 0.710 | 0.773 | |||||||||||||||||
| Costs (As % Of Income) | % | 47.1 | 46.8 | 45.0 | 43.4 | 46.1 | |||||||||||||||||
| Capital Adequacy Ratio | % | 16.2 | 18.1 | 20.7 | 21.6 | 24.7 | |||||||||||||||||
| Net Interest Margin | % | 0.804 | 0.851 | 0.844 | 0.754 | 0.749 | |||||||||||||||||
| Interest Income (As % Of Revenues) | % | 52.1 | 51.5 | 50.8 | 46.1 | 44.6 | |||||||||||||||||
| Fee Income (As % Of Revenues) | % | 23.1 | 24.6 | 26.3 | 30.0 | 30.6 | |||||||||||||||||
| Equity (As % Of Assets) | % | 4.49 | 4.93 | 4.75 | 4.80 | 5.26 | |||||||||||||||||
| Loans (As % Of Deposits) | % | 174 | 174 | 173 | 172 | 176 | |||||||||||||||||
| Loans (As % Assets) | % | 47.9 | 48.1 | 44.6 | 47.7 | 48.5 | |||||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | 2.13 | 2.14 | 2.13 | 1.91 | 1.84 | ||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | 41.0 | 42.7 | 42.8 | 44.7 | 43.7 | ||||||||||||
| valuation | |||||||||||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | 38,337 | 54,370 | 47,137 | 44,550 | 45,057 | |||||||||||||||
| Number Of Shares (Average) | mil | 4,026 | 4,020 | 4,031 | 4,031 | 4,037 | |||||||||||||||||
| Share Price (End Of Period) | EUR | ... | ... | 7.22 | 9.81 | 9.66 | 10.2 | 10.6 | |||||||||||||||
| Earnings Per Share (EPS) | 0.775 | 0.775 | 0.827 | 0.908 | 0.933 | ||||||||||||||||||
| Book Value Per Share | 7.45 | 7.73 | 7.89 | 7.70 | 8.03 | ||||||||||||||||||
| Dividend Per Share | 0.340 | 0.431 | 0.620 | 0.641 | 0.650 | ||||||||||||||||||
| Price/Earnings (P/E) | ... | ... | 9.31 | 12.7 | 11.7 | 11.2 | 11.3 | ||||||||||||||||
| Price/Book Value (P/BV) | ... | ... | 0.969 | 1.27 | 1.23 | 1.32 | 1.32 | ||||||||||||||||
| Dividend Yield | % | ... | ... | 4.72 | 4.40 | 6.42 | 6.32 | 6.15 | |||||||||||||||
| Earnings Per Share Growth | % | ... | 18.8 | 0.053 | 6.64 | 9.90 | 2.69 | ||||||||||||||||
| Book Value Per Share Growth | % | ... | 6.55 | 3.81 | 2.02 | -2.38 | 4.29 |
| income statement | Unit | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||||||||||||||||
| Interest Income | EUR mil | 11,939 | 10,604 | 9,995 | 8,549 | 7,747 | |||||||||||||||||
| Interest Cost | EUR mil | 6,376 | 5,079 | 4,513 | 3,586 | 3,020 | |||||||||||||||||
| Net Interest Income | EUR mil | 5,563 | 5,525 | 5,482 | 4,963 | 4,727 | |||||||||||||||||
| Net Fee Income | EUR mil | 2,468 | 2,642 | 2,842 | 3,230 | 3,238 | |||||||||||||||||
| Other Income | EUR mil | 2,651 | 2,559 | 2,466 | 2,579 | 2,625 | |||||||||||||||||
| Total Revenues | EUR mil | 10,682 | 10,726 | 10,790 | 10,772 | 10,590 | |||||||||||||||||
| Operating Cost | EUR mil | 5,026 | 5,023 | 4,860 | 4,674 | 4,879 | |||||||||||||||||
| Operating Profit | EUR mil | 5,656 | 5,703 | 5,930 | 6,098 | 5,711 | |||||||||||||||||
| Provisions | EUR mil | 895 | 735 | 534 | 479 | 502 | |||||||||||||||||
| Extra and Other Cost | EUR mil | 722 | 852 | 1,089 | 915 | 584 | |||||||||||||||||
| Pre-Tax Profit | EUR mil | 4,039 | 4,116 | 4,307 | 4,704 | 4,625 | |||||||||||||||||
| Tax | EUR mil | 970 | 1,009 | 950 | 1,042 | 859 | |||||||||||||||||
| Minorities | EUR mil | 7.00 | 0 | 0 | 0 | 0 | |||||||||||||||||
| Net Profit | EUR mil | 3,119 | 3,116 | 3,332 | 3,662 | 3,766 | |||||||||||||||||
| Dividends | EUR mil | 1,370 | 1,734 | 2,501 | 2,584 | 2,625 | |||||||||||||||||
| growth rates | |||||||||||||||||||||||
| Net Interest Income Growth | % | ... | 1.96 | -0.683 | -0.778 | -9.47 | -4.76 | ||||||||||||||||
| Net Fee Income Growth | % | ... | 3.05 | 7.05 | 7.57 | 13.7 | 0.248 | ||||||||||||||||
| Total Revenue Growth | % | ... | 4.99 | 0.412 | 0.597 | -0.167 | -1.69 | ||||||||||||||||
| Operating Cost Growth | % | ... | -3.66 | -0.060 | -3.25 | -3.83 | 4.39 | ||||||||||||||||
| Operating Profit Growth | % | ... | 14.1 | 0.831 | 3.98 | 2.83 | -6.35 | ||||||||||||||||
| Pre-Tax Profit Growth | % | ... | 13.9 | 1.91 | 4.64 | 9.22 | -1.68 | ||||||||||||||||
| Net Profit Growth | % | ... | 18.7 | -0.096 | 6.93 | 9.90 | 2.84 |
| balance sheet | Unit | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | |||||||||||||||||||||||
| Cash | EUR mil | 44,065 | 45,298 | 38,025 | 48,724 | 43,334 | |||||||||||||||||
| Interbank Loans | EUR mil | 44,717 | 59,477 | 73,885 | 51,377 | 33,310 | |||||||||||||||||
| Customer Loans | EUR mil | 320,073 | 303,292 | 298,568 | 308,646 | 298,513 | |||||||||||||||||
| Mortgage Loans | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 130,232 | 133,341 | ||
| Corporate Loans | EUR mil | 176,040 | 160,745 | 149,284 | 145,268 | 133,788 | |||||||||||||||||
| Debt Securities | EUR mil | 118,162 | 124,109 | 130,086 | 132,296 | 135,446 | |||||||||||||||||
| Fixed Assets | EUR mil | 3,899 | 3,677 | 3,417 | 3,765 | 4,358 | |||||||||||||||||
| Total Assets | EUR mil | 668,178 | 630,434 | 669,342 | 646,868 | 615,659 | |||||||||||||||||
| Shareholders' Equity | EUR mil | 29,976 | 31,073 | 31,788 | 31,032 | 32,410 | |||||||||||||||||
| Of Which Minority Interest | EUR mil | 5.00 | 2.00 | 2.00 | 1.00 | 1.00 | |||||||||||||||||
| Liabilities | EUR mil | 638,202 | 599,361 | 637,554 | 615,836 | 583,249 | |||||||||||||||||
| Interbank Borrowing | EUR mil | 72,326 | 85,790 | 80,607 | 53,628 | 42,134 | |||||||||||||||||
| Customer Deposits | EUR mil | 183,778 | 174,043 | 172,969 | 179,630 | 170,030 | |||||||||||||||||
| Issued Debt Securities | EUR mil | 189,734 | 190,283 | 200,265 | 211,137 | 202,209 | |||||||||||||||||
| Other Liabilities | EUR mil | 192,364 | 149,245 | 183,713 | 171,441 | 168,876 | |||||||||||||||||
| asset quality | |||||||||||||||||||||||
| Non-Performing Loans | EUR mil | ... | ... | ... | ... | ... | 6,881 | 6,540 | 6,425 | 5,960 | 5,541 | ||||||||||||
| Gross Loans | EUR mil | 322,893 | 306,084 | 301,315 | 311,308 | 300,937 | |||||||||||||||||
| Provisions | EUR mil | 895 | 735 | 534 | 479 | 502 | |||||||||||||||||
| growth rates | |||||||||||||||||||||||
| Customer Loan Growth | % | ... | 3.11 | -5.24 | -1.56 | 3.38 | -3.28 | ||||||||||||||||
| Retail Loan Growth | % | ... | 5.45 | -1.03 | 4.73 | 5.94 | 1.86 | ||||||||||||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.39 | ||
| Corporate Loan Growth | % | ... | 1.27 | -8.69 | -7.13 | -2.69 | -7.90 | ||||||||||||||||
| Total Asset Growth | % | ... | -6.71 | -5.65 | 6.17 | -3.36 | -4.82 | ||||||||||||||||
| Shareholders' Equity Growth | % | ... | 6.50 | 3.66 | 2.30 | -2.38 | 4.44 | ||||||||||||||||
| Customer Deposit Growth | % | ... | -1.58 | -5.30 | -0.617 | 3.85 | -5.34 |
| ratios | Unit | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | |||||||||||||||||||||||
| ROE | % | 10.7 | 10.2 | 10.6 | 11.7 | 11.9 | |||||||||||||||||
| ROA | % | 0.451 | 0.480 | 0.513 | 0.556 | 0.597 | |||||||||||||||||
| Costs (As % Of Assets) | % | 0.726 | 0.774 | 0.748 | 0.710 | 0.773 | |||||||||||||||||
| Costs (As % Of Income) | % | 47.1 | 46.8 | 45.0 | 43.4 | 46.1 | |||||||||||||||||
| Capital Adequacy Ratio | % | 16.2 | 18.1 | 20.7 | 21.6 | 24.7 | |||||||||||||||||
| Tier 1 Ratio | % | 14.3 | 15.7 | 17.6 | 18.5 | 20.7 | |||||||||||||||||
| Net Interest Margin | % | 0.804 | 0.851 | 0.844 | 0.754 | 0.749 | |||||||||||||||||
| Interest Spread | % | ... | 0.763 | 0.812 | 0.808 | 0.727 | 0.724 | ||||||||||||||||
| Asset Yield | % | 1.72 | 1.63 | 1.54 | 1.30 | 1.23 | |||||||||||||||||
| Cost Of Liabilities | % | ... | 0.962 | 0.821 | 0.730 | 0.572 | 0.504 | ||||||||||||||||
| Payout Ratio | % | 43.9 | 55.6 | 75.1 | 70.6 | 69.7 | |||||||||||||||||
| Interest Income (As % Of Revenues) | % | 52.1 | 51.5 | 50.8 | 46.1 | 44.6 | |||||||||||||||||
| Fee Income (As % Of Revenues) | % | 23.1 | 24.6 | 26.3 | 30.0 | 30.6 | |||||||||||||||||
| Other Income (As % Of Revenues) | % | 24.8 | 23.9 | 22.9 | 23.9 | 24.8 | |||||||||||||||||
| Equity (As % Of Assets) | % | 4.49 | 4.93 | 4.75 | 4.80 | 5.26 | |||||||||||||||||
| Loans (As % Of Deposits) | % | 174 | 174 | 173 | 172 | 176 | |||||||||||||||||
| Loans (As % Assets) | % | 47.9 | 48.1 | 44.6 | 47.7 | 48.5 | |||||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | 2.13 | 2.14 | 2.13 | 1.91 | 1.84 | ||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | 41.0 | 42.7 | 42.8 | 44.7 | 43.7 | ||||||||||||
| Provisions (As % Of Loans) | % | 0.881 | 0.921 | 0.920 | 0.862 | 0.812 | |||||||||||||||||
| Cost of Provisions (As % Of Loans) | % | 0.284 | 0.236 | 0.177 | 0.158 | 0.165 |
| other data | Unit | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | |||||||||||||||||||||||
| Employees | 31,466 | 29,429 | 29,397 | 29,826 | 31,596 |
Get all company financials in excel:
By Helgi Library - November 18, 2019
Nordea stock traded at EUR 6.51 per share at the end third quarter of 2019 implying a market capitalization of USD 28,624 mil. Since the end of 3Q2014, the stock has depreciated by -36.8 % implying an annual average growth of -8.78 %. In absolute terms, the value of t...
By Helgi Library - November 18, 2019
Nordea's non-performing loans reached 1.55% of total loans at the end of 2019-09-30, down from 1.62% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.16% in 2013-06-30 and an all time low of 1.46% in 2011-06-30. Provision...
By Helgi Library - November 18, 2019
Nordea's non-performing loans reached 1.55% of total loans at the end of 2019-09-30, down from 1.62% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.16% in 2013-06-30 and an all time low of 1.46% in 2011-06-30. Provision...
By Helgi Library - November 18, 2019
Nordea stock traded at EUR 6.51 per share at the end of third quarter of 2019 implying a market capitalization of USD 28,624 mil. Over the last five years, the stock has depreciated by 36.8 implying an annual average growth of -8.78% In absolute terms, th...
By Helgi Library - November 18, 2019
Nordea stock traded at EUR 6.51 per share at the end of third quarter of 2019 implying a market capitalization of USD 28,624 mil. Over the last five years, the stock has depreciated by 36.8 implying an annual average growth of -8.78% In absolute terms, th...
By Helgi Library - November 18, 2019
Nordea stock traded at EUR 6.51 per share at the end of third quarter of 2019 implying a market capitalization of USD 28,624 mil. Over the last five years, the stock has depreciated by -36.8 % implying an annual average growth of -8.78 %. In absolute terms, the value ...
By Helgi Library - November 18, 2019
Nordea stock traded at EUR 6.51 per share at the end of third quarter of 2019 implying a market capitalization of USD 28,624 mil. Over the last five years, the stock has depreciated by -36.8 % implying an annual average growth of -8.78 %. In absolute terms, the value ...
By Helgi Library - November 18, 2019
Nordea's net interest margin amounted to 0.741% in the third quarter of 2019, up from 0.730% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 0.924% in 4Q2010 and an all time low of 0.696% i...
By Helgi Library - November 18, 2019
Nordea's net interest margin amounted to 0.741% in the third quarter of 2019, up from 0.730% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 0.924% in 4Q2010 and an all time low of 0.696% i...
By Helgi Library - November 18, 2019
Nordea generated total banking revenues of EUR 2,292 mil in the third quarter of 2019, up 1.78% when compared to the same period of last year and down 2.39% when compared to the previous quarter. Historically, the bank’s revenues containing of int...
Nordea has been growing its revenues and asset by 0.747% and 1.52% a year on average in the last 10 years. Its loans and deposits have grown by 1.39% and 0.852% a year during that time and loans to deposits ratio reached 182% at the end of 2018. The company achieved an average return on equity of 10.5% in the last decade with net profit growing 1.43% a year on average. In terms of operating efficiency, its cost to income ratio reached 48.4% in 2018, compared to 47.0% average in the last decade.
Equity represented 5.97% of total assets or 11.3% of loans at the end of 2018. Nordea's non-performing loans were 1.56% of total loans while provisions covered some 44.2% of NPLs at the end of 2018.
Nordea stock traded at EUR 7.27 per share at the end of 2018 resulting in a market capitalization of USD 33,582 mil. Over the previous five years, stock price fell by 25.9% or 5.83% a year on average. That’s compared to an average ROE of 10.5% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 9.53x and price to book value (PBV) of 0.891x in 2018.
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