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