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Printed by user 2012.02.07

Financial reports

Nordea Bank Estonia’s Year 2009



Customers

132 553 customers.

Bank cards 

80 960 Bank cards.

Netbank users

82 854 Netbank users

Offices and staff

22 offices and sales points 
509 employees

 

Total assets

48m5 bn EEK
 

Loan and leasing portfolio

47 bn EEK

Deposits

13 bn EEK

Profit

20,2 mln EEK 

 

Nordea Bank Estonia, a part of the largest Nordic Banking group, ended 2009 with nearly EEK 20.2 million in profits.
 

  • By the end of the year, the assets of Nordea Estonian affiliate had grown by 6% compared to 2008, and amounted to EEK 48.5 billion. The assets of Nordea Group reached EUR 507.5 billion at the end of the year, making it by far the largest bank in the Nordics.

  • At the end of December, the loan portfolio of the bank amounted to EEK 40.7 billion. At the end of the year, corporate loans made up nearly EEK 25 billion and private loans EEK 14.3 billion, both portfolios grew by 3% year-on-year.

  • Nordea’s loan losses were below the market average: 1.21% of the loan portfolio at the end of December.

  • Deposits of both retail and corporate customers kept on growing. At the end of December, the deposits of Nordea Estonia’s clients amounted to more than EEK 13 billion, demonstrating a growth by more than a third compared to the same time last year.

  • At the end of December, Nordea bank had 132 553 clients, 22 branch offices and 509 employees. By the end of 2009, the bank had issued 80 960 bank cards and had 82 854 online bank users.
Income Statement for Nordea Estonia's activities in 2009
 
 

Income statement for Nordea Estonia’s activities in 2009
in thousands of kroons
Interest income 1 670 502
Interest Expenses 959 141
Net Interest Income 711 361
Commission Income 253 445
Commission Expenses 86 770
Net comission income 786
Trading 166 675
Other Operating Income 26 121

Total income

896 515
Personnel Expenses 198 527
Other Administrative Expenses 158 343
Depreciation 17 988

Total Expenses

383 286

Operating Profit

513 230
Loan Losses (net) 493 053

Net Profit

20 177

 

Extract from Nordea Estonia balance sheet 31.12.2009
in thousands of kroons
Cash in Hand 138 069
Receivables from Credit Institutions and Central Bank 7 234 309
Receivables From Public and Public Sector Entities 40 758 006
of which bank clients 34 430 115
of which leasing clients 6 327 891
Corporate loans 24 934 911
Private loans 14 308 414
of which mortgage loans 12 137 055
of which other loans 2 171 359
Other loans 1 514 681
Fixes Assets 56 306
Other Assets 265 058
Accruals and Prepayments 83 518

Total Assets

48 535 265
Due to Credit Institutions and Central Banks 33 877 167
Customer Deposits 13 143 669
Corporate Deposits 6 214 756
Private Deposits 4 012 726
Other Deposits 2 916 187
Other Liabilities 1 494 253

Profit / Loss for The Year

20 177


 

 Nordea Group annual reports