Highlights January-
- Total lending amounted to
SEK 78.7 billion (SEK 70.7 billion as of31 December 2021 ) - Personal loans and credit cards amounted to
SEK 64.3 billion (SEK 58.0 billion as of31 December 2021 ) - Mortgage lending (mortgage loans and equity release mortgages) amounted to
SEK 14.4 billion (SEK 12.7 billion as of31 December 2021 ), comprising 18% of total lending - Nordax's savings offering continued to grow and total deposits amounts to
SEK 70.6 billion (SEK 67.4 billion as of31 December 2021 ) - Operating profit amounted to
SEK 659 million (430), driven primarily by the consolidation ofBank Norwegian
Business development personal loans and credit cards
During the first six months, Nordax's portfolios of both private loans and credit cards continued to show a good growth, with a continuously increasing contribution from the launch in the German and Spanish markets.
As of
Business development mortgage loans
Nordax began offering mortgages in
New lending has continued to develop well in both
Business development equity release mortgages
In line with previous historical periods, the portfolio has continued to develop well during 2022 and shows stable new lending, on the back of the strong SHP brand. The total volume amounted to
Portfolio development
Total lending as of
Results January-
- Operating profit amounted to
SEK 659 million (430). The increase is explained by the consolidation of Bank Norwegian and growing lending. However, the result includes increased costs primarily driven by the ongoing integration ofBank Norwegian .
-
Net interest income amounted to
SEK 3,252 million (889). The increase is mainly due to the consolidation ofBank Norwegian . Net interest income also increased through growing lending and by the review carried out during the first quarter regarding estimated effective interest rate.
-
Credit losses amounted to
SEK -1,078 million (-61), corresponding to 2.9 percent (0.2) of average lending. The increase is mainly explained by the consolidation ofBank Norwegian , but also by the estimated effective interest rate.
-
Operating expenses amounted to
SEK -1,509 million (-433). The increase is mainly explained by the consolidation ofBank Norwegian , but also by investments in operations, among other things connected to the ongoing integration work, increased personnel costs and sales-related costs.
For further information, please contact:
Tel: +46 760 32 69 70
Email: ir@nordax.se
About Nordax
Read more about Nordax at http://www.nordaxgroup.com
This information is information that
https://news.cision.com/nordax-bank-ab/r/interim-report-january-june-2022-nordax-bank-ab,c3620772
https://mb.cision.com/Main/7708/3620772/1619345.pdf
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