Nordea Bank Abp
Nordea: Nordea publishes restated financial statements for the four quarters of 2018
Nordea Bank Abp - Stock exchange release - Other information disclosed
according to the rules of the Exchange
In relation to the change of accounting policy for resolution fees as
of Q1 2019 and onwards, and to ensure comparability between 2019 and
2018 financial statements, Nordea restates financial numbers for the
four quarters of 2018, which are published on nordea.com.
With reference to the stock exchange release published 5 April 2019
Nordea to change its accounting policy for resolution fees and the
presented change in accounting policy as of Q1 2019 and onwards, as
well as to ensure comparability between 2019 and 2018 financial
statements, Nordea restates financial numbers for each of the four
quarters of 2018.
The restatements primarily affect the financial numbers for net
interest income, other expenses and net profit for each of the four
quarters of 2018. The restatements imply changes compared to
previously presented financial statements between line items and
between quarters, and hence there is no impact on Nordeas net profit
for the full year 2018 or RoE.
The change of accounting policy implies that as of Q1 2019 and onwards
the resolution fees will be expensed up front in the first quarter of
each year and will be presented under Other expenses in the
financial reporting. This is conducted in accordance with Finnish
requirements due to the re-domiciliation of Nordea from Sweden to
Finland on 1 October 2018.
The restated financial numbers for the four quarters of 2018 have been
published on www.nordea.com on the following link:
For further information:
Andreas Larsson, Head of Debt Investor Relations, +46 709 707555
The information provided in this stock exchange release was submitted
for publication through the agency of the contact person set out
above, at 10.00 CET on 15 April 2019.
We build strong and close relationships through our engagement with
customers and society. Whenever people strive to reach their goals
and realise their dreams, we are there to provide relevant financial
solutions. We are the largest bank in the Nordic region and among the
ten largest financial groups in Europe in terms of total market
capitalisation with around 11 million customers. The Nordea share is
listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm
exchanges. Read more about us on nordea.com.