OREANDA-NEWS. February 16, 2011. In 2010 the Bank showed a positive dynamics across most of the key indicators, reported the press-centre of Nordea Bank.

During the reporting period the Bank’s equity increased by 19.3% year-on-year up to 22.26 bRUB; assets – by 22 % up to 191.70 bRUB; as of 01.01.2011 the 2nd Tier Capital (including subordinated loans) amounted to 29.05 bRUB.

"The Bank’s main achievement in 2010 is that we have managed not only to reverse the retail and corporate credit portfolios’ downward tendency, but also to boost them by the yearend", – remarks Chairman of the OJSC Nordea Bank’s Management Board Igor Bulantsev.

The Bank’s total credit portfolio amounted to 176.49 bRUB – 32% more than last year.

The Bank issued loans to enterprises and organizations in total of 151.47 bRUB, to private individuals - 11.58 bRUB. Mortgage loans account for over 74% of the total retail credit portfolio. In 2010 the Bank’s mortgage portfolio grew by 41%, reaching 8.6 bRUB.

As of 1 January 2011, the net profit stood at 3.59 bRUB, return on equity - 17.56%.