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Nordea Kredit Realkreditaktieselskab – Year-end Report 2016 Company announcement no 10, 2017

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Nordea Kredit Realkreditaktieselskab today presented the attached Year-end Report 2016 with the following key points:

  • In 2016 a part of Nordea Kredit’s customers benefitted from the decision back in 2015 to pass-on negative interest rate to both our private and corporate customers. As a result of that decision a one-off hedging cost of DKK 234m was booked in 2015.
  • Net profit after tax increased by 15%. When adjusting for the one-off cost in 2015 the increase is 2%.
  • Lending volumes remained stable and the positive trend in house prices led to decreasing individual loan losses by 22%.
  • In 2016 the capital structure was improved via a new subordinated loan of DKK 2.2bn and Nordea Kredit is therefore expected to distribute the profit for the year as dividend.

   
Contact:
Søren Hansen Reumert, Communications Chief Denmark, +45 70 80 11 62.

  
Nordea Kredit Realkreditaktieselskab
Helgeshøj Allé 33
PO Box 850
DK-0900 Copenhagen C
Tel +45 33 33 36 36
nordeakredit.dk

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Nordea Kredit

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