Nordea Bank’s net profit goes down

UrBC, Moscow, April 24, 2012. Nordea Bank’s assets rose by 46% in the first quarter of 2012 against the first quarter of 2011 and amounted to 266.78bn RUR.

The bank’s consolidated lending portfolio reached 203.24bn RUR on April 1, 2012, which was 28% more than a year earlier.

The bank’s business loans portfolio came to 176.11bn RUR on April 1, 2012, which exceeded the figures for the first quarter of 2011 by 25%. The retail loans portfolio was 15.41bn RUR, which was 32% better than a year earlier.

The bank’s net profit came to 400m RUR on April 1, 2012. Nordea Bank explains this decrease in profit on the previous year by growing expenses on the customer deposits’ interest rates.


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