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Nordea Estonia ended with the net profit of 95 mln kroons in Q1

Juhan Tere, BC, Tallinn, 29.04.2009.Print version
Äripäev Online: Nordea Estonia earned the net profit of 95.4 million kroons in the first quarter of the year, writes LETA.

In comparison to the previous year, the bank's net profit grew by 22%.


The volume of assets of Nordea in Estonia grew by 41% in the year-on-year comparison, amounting to 48.2 billion kroons. As of end of the quarter, the volume of Nordea's loans and leasing portfolio amounted to more than 40.2 billion kroons, growing by 27% in a year.


As of end of March, the corporate loans and leasing portfolio amounted to 24.8 billion kroons – nearly a quarter more than a year before. The portfolio in the individuals' segment grew by 19% and amounted to nearly 14 billion kroons.


The share of losses on loans in the entire portfolio was 0.02% at the end of the first quarter.

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