Nordea Bank Abp · OMXHEX:NDA_FI

Nordea Bank Abp — Nordea Kredit — Debt Investor Presentation (November 2009)

17 slides from Nordea Bank Abp's debt investor presentation, Nov 13, 2009

  1. Slide 1: Nordea Kredit Investor Presentation – 2009 Q3

    Nordea Kredit Investor Presentation – 2009 Q3 Published 13 November 2009

  2. Slide 2: Contents

    The Investor Presentation has been compiled by Nordea Kredit for information purposes only, and offers facts and figures on Nordea Kredit, and the mortgage collateral supporting outstanding mortgage bonds and covered mortgage bonds. If you have any questions, feel free to contact us: Finn Nicolaisen

  3. Slide 3: Nordea Kredit – in brief I

    Nordea Kredit – in brief I (Data as by the end of 2009 Q3 ‐ unless otherwise stated) • Founded in 1993, number of employees 133 • Nordea Kredit issues mortgage bonds and covered mortgage bonds • All bonds issued by Nordea Kredit are rated AAA (S&P) and Aaa (Moody’s) • Profit before tax 2009 first ha

  4. Slide 4: Nordea Kredit – in brief II

    Nordea Kredit – in brief II (Data as by the end of 2009 Q3 ‐ unless otherwise stated) • Late payments by borrowers 0.41% (Residential properties and holiday homes) 3½ month after due date • Average LTV 2009 Q3: 67% (2009 Q2: 66%) • Total capital ratio 10.0% and Tier 1 capital ratio 10.4% (2009 Q2) (

  5. Slide 5: Nordea Kredit – in brief III

    Nordea Kredit – in brief III 35 << Increase in net lending DKK bn 1400 Profit before tax DKK m (rhs) >> Number of employees (rhs) >> << Market share (per cent of total amount of bonds issued by Danish MCIs) 30 1200 25 1000 20 800 15 600 10 400 5 200 0 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2

  6. Slide 6: Nordea Kredit – Capital Centres 1 and 2 (CC I and II)

    Nordea Kredit – Capital Centres 1 and 2 (CC I and II) Mortgage loans at nominal value 2009 Q3: • Nordea Kredit has two capital centres: – CC I: Mortgage Bonds (Realkreditobligationer, “RO”) are issued out of CC I (1993 ‐ ), however only 1 ISIN is presently open for issuance. More than 97% of the bon

  7. Slide 7: Match funded setup due to the strict Balance Principle

    Match funded setup due to the strict Balance Principle Interest Interest payment payment Borrower Investor Principal Principal payment payment Contribu‐ tion fees Nordea Kredit complies with the strict Balance Principle, and has a completely match funded “Pass Through” setup. Nordea Kredit has no pr

  8. Slide 8: Nordea Kredit – distribution of loans by type

    Nordea Kredit – distribution of loans by type Loans to all segments ‐ CC I and II, 2009 Q3: 289.8 bn DKK * DKK 39,9 bn 13.8% DKK 65.2 bn 22.5% DKK 74.8 bn DKK 1.7 bn 25.8% 0.6% DKK 23.8 bn Fixed 8.2% Fixed IO ARM DKK 81.9 bn ARM IO 28.2% Capped DKK 2.4 bn Capped IO 0.8% cibor/euribor The loan portfo

  9. Slide 9: Nordea Kredit – distribution of loans by type (residential)

    Nordea Kredit – distribution of loans by type Loans to residential properties and holiday homes ‐ CC I and II, 2009 Q3: 204.8 bn DKK * DKK 19,9 bn DKK 68.4 bn DKK 44.3 bn 9.7% 33.4% 21.6% Fixed Fixed IO ARM DKK 68.4 bn ARM IO 33.4% DKK 1.5 bn Capped 0.8% Capped IO DKK 2.2 bn 1.1% For loans to reside

  10. Slide 10: Nordea Kredit – geographical distribution of loans

    Nordea Kredit – geographical distribution of loans CC I and CC II 2009 Q3, all segments: mortgage loans at nominal value 289.8 bn DKK Residential properties and holiday homes: mortgage loans at nominal value 204.8 bn DKK 12.8 bn DKK 4.4%* 8.3 bn DKK 4.1%** North Denmark (0.58 m citizens – 10.5%) Reg

  11. Slide 11: Asset quality - loss guarantee by Nordea Bank Danmark

    Asset quality ‐ loss guarantee by Nordea Bank Danmark Nordea Bank Danmark takes “first losses” on Nordea Kredit loans according to the table below: Property type Guarantee period * Guarantee level ** Owner occupied housing 5 years 25 per cent Holiday homes 5 years 25 per cent Subsidized property 10

  12. Slide 12: Asset quality - late payments by borrowers

    Asset quality ‐ late payments by borrowers ‐ 3½ month after due date 0,60 Residential properties and holiday homes Arrears as a percentage of the total amount due 0.53% 0,50 (last 0.49%) 0.41% 0,40 (last 0.36%) per cent 0,30 All Danish MCIs * Nordea Kredit 0,20 0,10 0,00 2001Q1 2001Q2 2001Q3 2001Q4

  13. Slide 13: Losses in per cent of mortgage loans at nominal value

    Losses in per cent of mortgage loans at nominal value 350.000 Mortgage loans at nominal value ‐ mDKK 0,0100% Mortgage loans at nominal value Losses % of mortgage loans at nominal 300.000 Loss for the year in per cent of mortgage 0,0075% 250.000 loans at nominal value (rhs) 200.000 value 0,0050% 150.

  14. Slide 14: Nordea Kredit – LTV, loan-to-value

    Nordea Kredit – LTV, loan‐to‐value 2009 Q3 (2009 Q2) For detailed information on LTV – please refer to LTV Report 2009 Q3 14

  15. Slide 15: Legislation

    Legislation • Danish mortgage financing is closely regulated and supervised by the Danish FSA (Finanstilsynet, DFSA) • Some legislation can be found in English at the DFSA’s English website: http://www.dfsa.dk/sw7804.asp • All relevant legislation can be found in Danish at the DFSA’s Danish website:

  16. Slide 16: Macro economics - house prices and foreclosures

    Macro economics ‐ house prices and foreclosures 25.000 23.000 For a number of years house prices increased 21.000 ‐ but by mid 2006 prices peaked. DKK per sqm 19.000 17.000 Since January 1993 the number of foreclosures 15.000 has fallen from more than 1,400 to a low of only 13.000 11.000 Detached ho

  17. Slide 17: Disclaimer

    Disclaimer: The information provided herein is intended for background information only and for the sole use of the intended recipient. The information provided herein is not intended to constitute and does not constitute investment advice nor is the information intended as an offer or solicitation

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