OREANDA-NEWS. July 21, 2011. In H1 2011, Nordea Bank has shown a positive dynamics across most of its key areas compared to the same period last year, reported the press-centre of Nordea Bank.

Equity up 7.6% to 29.59 billion rubles, assets – up 25.4% to 198.63 billion rubles. As of Q2, the Bank’s credit portfolio reached 157.15 billion rubles – 7.7% up against the same period last year.

Corporate loans totaled 132.36 billion rubles. As of H1 2011, retail loans –12.78 billion rubles, which is 26.9% more than during the same period last year.

Customer accounts up 131.6% to 70.05 billion rubles.

As of 1 July 2011, net profit – 1.36 billion rubles. Its decrease is due to lower interest rates and margin, as well as ruble appreciation (most of the Bank’s credit portfolio is denominated in foreign currency) and lower income from the securities portfolio.