EQS-News: Nordea Bank Abp: Fourth-quarter and full-year results 2020 Nordea Bank Abp: Fourth-quarter and full-year results 2020 04.02.2021 / 09:10 Nordea Bank Abp Summary of the quarter: - Continued strong growth in customer business volumes in all countries. Mortgage loans grew by a record 6%, year on year, with further increases in market shares. SME lending increased by 8%, supported by the acquisition of SG Finans, now Nordea Finance Equipment (NFE). Furthermore, assets under management grew by 9% to a record high of EUR 354bn, supported by an all-time-high quarterly net inflow in retail funds. - Operating profit up 11%, driven by income growth. Total income increased by 4%, with net interest income increasing by 6%. Net fee and commission income was up 2%, while net fair value result was down 13%. Operating profit increased by 11% compared with the fourth quarter of 2019. Return on equity (RoE) for the quarter was 8.4%, having been negatively affected by Nordea's very high level of capitalisation. Nordea's overall RoE development demonstrates good progress towards the target of above 10% in 2022.