Nordea in Baltics earns operating profit of EUR 76 million
2015-10-21
Nordea Baltic division reported operating profit of EUR 76 million in the first three quarters of 2015. Total income increased by 12% reaching EUR 144 million of which net commission income is amounted to EUR 21 million, increasing by 17% compared to the respective period of year 2014. Total lending volumes remained stable, while the deposit portfolio increased by 5% y-o-y. Nordea continues delivering on Baltic strategy, focusing on building long-term sustainable relationships with its customers.
“Nordea” in Baltic countries demonstrated stable growth of revenue, supported by increasing activity of home-bank customers and daily transaction volume growth in private and corporate segments during the first three quarters of 2015. In spite of ultra-low interest rates environment, we maintained a solid advancement of interest income. Commission income also showed a solid growth driven by our continuous focus on relationship banking strategy. Due to increasing market volatility we observe higher demand amongst our customers for risk management solutions, particularly for foreign exchange and interest rate products, allowing the bank to strengthen advisory capabilities.
We see the significance of remote services continuously growing. Latest data shows that number of active mobile netbank users increased by 58% and cards activity by 15% compared to year 2014. Reflecting the ongoing changes in our customers’ behaviour and higher demand for efficient and reliable remote daily banking services, we keep on developing opportunities towards convenient online banking, especially in regard of more efficient customer service,” says Inga Skisaker, Head of Nordea Banking Baltics.
Nordea bank in Lithuania announces EUR 19.7 million operating profit
Nordea bank in Lithuania earned EUR 19.7 million operating profit in the first three quarters of 2015. Operating profit increased by as much as 28% compared to the same last year. Total income decreased by 8%, mainly as a result of the changeover to euro. Net interest income has remained stable amounting EUR 25.7 million.
The total deposit portfolio increased by 8% y-o-y, reaching EUR 1.26 billion and the growth was mainly driven by rise of deposit volumes in household segments by 37% y-o-y. Total lending volumes decreased 4% y-o-y and accounted for EUR 2.2 billion. The mortgage loan portfolio increased by 2% and reached EUR 0.72 billion.
