Wednesday, January 28, 2015

Nordea record Raises Dividend – Daily News

Nordea record Raises Dividend – Daily News

     
     
     
 


 
     
     
     

         

                 

The Financial Supervisory Authority’s repeated calls for restraint in banks’ dividend to shareholders echo unheard. Nordea has responded to this increase the dividend by 44 percent. Join the ranks Nordea other major banks in which nearly 75 of 100 crowns profit goes to the owners.


                 
             

         

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Financial Supervisory Authority’s repeated calls for restraint in banks’ dividend to shareholders echo unheard. Nordea has responded to this increase the dividend by 44 percent. Join the ranks Nordea other major banks in which nearly 75 100 profit is allocated to the owners.

This year plastering rotation of the banks billions in profits began today with Nordea presents a profit of 10.8 billion (1.2 billion million) for the fourth quarter of 2014. Meanwhile, the dividend party to the owners. The Board of Directors proposes that a dividend is raised to 0:62 euros per share (approximately 5:60 dollars). This should be compared with the dividend last year was 0:43 per share (approximately 3:90 dollars).

Nordea thus distribute more than 23 billion in profits in 2014. That represents a 75 percent gain over 56 per cent last year.

 
        
             
     
     
 

CEO Christian Clausen states that the Bank’s aim “remains to increase the dividend ratio for 2015″ without it encroaching on the bank’s capital base. The Bank intends therefore to distribute more of a billion profit for its owners.

Swedbank raised in early 2013 its dividend policy to 75 percent, which means that 75 out of 100 crowns of Swedbank’s profits may be distributed to shareholders.

DN could order a couple of years ago show that more than half of banks’ total profits went to shareholders. This year’s record increase of Nordea at 44 percent means that the bank is approaching the three other major banks, Swedbank, SEB and Handelsbanken in terms of how much of a billion profits will go to the shareholders. SEB shared for fiscal year 2013 out 59 percent of the profits

Financial Supervisory Authority and the then Finance Minister Anders Borg’s repeated demands following the financial crisis on the demonstration of restraint in dividends echoed then unheard and obviously continues to do so.

Nordea’s net interest income, the difference between interest rates on deposits and loans, for the last quarter ended at 1.4 billion euros (12.7 billion). A large part of the result, households through their mortgages.

Christian Clausen nevertheless expect a low growth even in 2015, which will dampen demand for loans

“Additionally continues customer behavior change. We intend to continue to increase efficiency, which will result in a cost reduction of 5 percent in local currencies in 2015 compared to 2013, “he writes in the report.

 


                     

                 
         

         
         
     
 
         
         
      

    
 
 
         
     

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