Fourth-quarter Financial Highlights 2023
Net loan losses and similar net result
Continued strong credit quality
Net loan losses and similar net result, EURM
108
-13
95
-12
883
Individual
provisions
Collective
provisions (net)
Net loan losses
and write-offs
Fair value adj.
incl. Nordea
Kredit
Total
Impaired (stage 3) loans and PD of total loans, %
1.0
0.80
0.8
0.75
0.6
0.70
0.4
0.65
0.2
0.60
0.0
0.55
Q422
Q123
Q223
Q323
Q423
Impairment rate (LHS)
-
Avg. PD (RHS)
11
•
•
•
Total net loan losses and similar
net result EUR 83m (10bp)
As expected, increase in individual
provisions, mainly in construction and
consumer-related industries
- New provisions in line with historical
levels
-
Overall levels of provisions and
coverage unchanged
Management judgement buffer EUR
495m after EUR 74m transferred from
structural buffer to collective
provisions, as planned
Continued strong credit quality
Stage 3 loans at 0.89% (0.82% in Q3)
Average PD stable at 0.68%
NordeaView entire presentation