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July 31, 2015 6:20 AM ET

Banks

Company Overview of Nordea Bank Norge ASA

Company Overview

Nordea Bank Norge ASA, together with its subsidiaries, provides banking products and services to household customers, corporate customers, and institutional and public companies in Norway. The company offers loans, deposits, cards, pension accounts, and insurance products; and capital markets products, including financial instruments, or arrangement for a financial instrument, that are available in the financial marketplace, including currencies, commodities, stocks, bonds, and existing arrangements. It also provides cash management; trade and project finance; leasing, hire purchase, and factoring; asset management; discretionary management; and netbank services. In addition, the company is ...

Middelthunsgt. 17

PO Box 1166

Sentrum

Oslo,  0107

Norway

2,689 Employees

Phone:

47 22 48 50 00

Fax:

47 22 48 47 09

Key Executives for Nordea Bank Norge ASA

Chief Executive Officer
Age: 60
Chief Executive Officer of Nordea Group and President of Nordea Group
Age: 60
Vice President of Group HR and Head of HR in Retail Banking
Age: 65
Executive Vice President
Executive Vice President
Compensation as of Fiscal Year 2015.

Nordea Bank Norge ASA Key Developments

Nordea Bank AB Reports Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Nordea Bank AB reported consolidated and parent earnings results for the second quarter and six months ended June 30, 2015. For the quarter, on consolidated basis, the company reported net interest income of NOK 2,292 million compared with NOK 2,426 million for the same period last year. Total operating income was NOK 3,127 million compared with NOK 3,196 million for the same period last year. Operating profit was NOK 1,719 million compared with NOK 1,404 million for the same period last year. Net profit for the period was NOK 1,250 million or NOK 2.3 basic and diluted per share compared with NOK 1,027 million or NOK 1.9 basic and diluted per share for the same period last year. Return on equity was 9.9% compared with 9.7% for the same period last year. Profit before loan losses was NOK 1,909 million against NOK 1,669 million a year ago. Return on asset was 0.8% compared with 0.7% for the same period last year. For the six months, on consolidated basis, the company reported net interest income of NOK 4,677 million compared with NOK 4,869 million for the same period last year. Total operating income was NOK 6,582 million compared with NOK 6,396 million for the same period last year. Operating profit was NOK 3,653 million compared with NOK 2,965 million for the same period last year. Net profit for the period was NOK 2,727 million or NOK 4.9 basic and diluted per share compared with NOK 2,149 million or NOK 3.9 basic and diluted per share for the same period last year. Profit before loan losses was NOK 4,105 million against NOK 3,608 million a year ago. Return on equity was 11.3% compared with 10.3% for the same period last year. Cash flow used in operating activities was NOK 3,601 million compared with Cash flow from operating activities of NOK 15,497 million for the same period last year. Property and equipment was NOK 136 million. Intangible assets were NOK 20 million. Return on asset was 0.9% compared with 0.7% for the same period last year. For the quarter, on parent basis, the company reported net interest income of NOK 1,709 million compared with NOK 1,740 million for the same period last year. Total operating income was NOK 4,277 million compared with NOK 3,200 million for the same period last year. Operating profit was NOK 2,961 million compared with NOK 1,500 million for the same period last year. Net profit for the period was NOK 2,151 million compared with NOK 1,099 million for the same period last year. Profit before loan losses was NOK 3,148 million compared with NOK 1,743 million for the same period last year. For the six months, on parent basis, the company reported net interest income of NOK 3,438 million compared with NOK 3,459 million for the same period last year. Total operating income was NOK 7,047 million compared with NOK 5,673 million for the same period last year. Operating profit was NOK 4,312 million compared with NOK 2,429 million for the same period last year. Net profit for the period was NOK 3,160 million compared with NOK 1,767 million for the same period last year. Profit before loan losses was NOK 4,746 million compared with NOK 3,026 million for the same period last year.

Nordea Bank Norge ASA Reports Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2015

Nordea Bank Norge ASA reported consolidated and parent earnings results for the first quarter ended March 31, 2015. For the quarter, on consolidated basis, the company's interest income was NOK 4,584 million compared to NOK 4,908 million a year ago. Net interest income was NOK 2,385 million compared to NOK 2,443 million a year ago. Total operating income was NOK 3,455 million compared to NOK 3,200 million a year ago. Operating profit was NOK 1,934 million compared to NOK 1,561 million a year ago. Net profit was NOK 1,477 million compared to NOK 1,122 million a year ago. Basic and diluted earnings per share were NOK 2.7 compared to NOK 2.0 a year ago. Cash flow from operating activities was NOK 18,438 million compared to NOK 9,504 million a year ago. Purchase of property and equipment was NOK 103 million compared to NOK 121 million a year ago. Purchase of intangible assets was NOK 6 million compared to NOK million a year ago. Return on equity was 12.9% compared to 10.9% a year ago. Return on assets was 0.2% compared to 0.2% a year ago. For the quarter, on parent basis, the company's interest income was NOK 3,539 million compared to NOK 3,780 million a year ago. Net interest income was NOK 1,729 million compared to NOK 1,719 million a year ago. Operating profit was NOK 1,351 million compared to NOK 929 million a year ago. Net profit was NOK 1,009 million compared to NOK 668 million a year ago.

Nordea Bank Norge ASA, Annual General Meeting, Mar 04, 2015

Nordea Bank Norge ASA, Annual General Meeting, Mar 04, 2015.

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