NORDEA BANK NORGE GROUP 2012

6 Feb, 2013 16:18 CET

Nordea Bank Norge's net profit for 2012 amounted to 
NOK 4,403 million (3,347 in 2011), corresponding to a 
return on equity of 13.9% (11.6). Net interest income 
increased 7% to NOK 8,896 million (8,349) and net fee 
and commission income was up 6% to NOK 2,412 million 
(2,265). Total operating income in 2012 grew 7% to 
NOK 12,083 million (11,336). Total operating expenses 
fell 5% to NOK 
5,041 million (5,323), and adjusted for one-time 
effects, costs were flat. 
Net loan losses ended at NOK 958 million (1,432).

Net loans to the public decreased by 2% to NOK 456 
billion (464).Total assets amounted to NOK 582 
billion 
(589) at the end of the year. The total capital ratio 
was 17.6% (13.4) and core Tier 1 capital ratio 
amounted to 
14.6% (10.1) excluding transition rules.
 
Contact person:
Rune Kibsgaard Sjøhelle 
Head of External Communications
tel. +47 40 200 210

Nordea Bank Norge ASA
6 February 2013