Group quarterly results and you may key rates, Q1 2022 step 1

Group quarterly results and you may key rates, Q1 2022 step 1

Article on the fresh one-fourth step 1

Durable performance, went on credit increases. Home loan financing amounts enhanced by 7%, seasons for the 12 months, backed by business progress along the Nordics. SME credit increased by six% and large business lending because of the 11%. Possessions under government reduced by the 5% regarding checklist quantities of the earlier quarter. This was due to financial field turbulence and you may regular net outflows.

Increased money and better doing work finances. First-quarter functioning funds increased because of the six%, year toward season, to help you EUR step one,114m, supported by straight down mortgage losses. Total income improved from the step three% inspite of the very good evaluation quarter. Web appeal income improved by the 8% and you can net payment loans payday Maryland and you will commission income of the 5%. Internet reasonable value effect reduced by the 20% after the incredibly solid very first one-fourth out of 2021. Can cost you improved because of the 5%, due mainly to regulatory charge, as well as higher solution fees together with this new Swedish lender tax.

Proceeded strong borrowing top quality. Net mortgage losses and you can equivalent online results amounted to help you reversals regarding EUR 12m or 1bp regarding the one-fourth, compared with internet financing losses regarding 7bp in the 1st one-fourth off 2021. Realized web financing loss remained reasonable, in line with early in the day symptoms. This new management reasoning buffer try intact from the EUR 610m. Continue reading “Group quarterly results and you may key rates, Q1 2022 step 1”