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Company announcement no 9, 2012 – Nordea Kredit Realkreditaktieselskab – Year-end Report 2011

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Nordea Kredit Realkreditaktieselskab presented today the attached Year-end Report 2011 with the following headings:

  • Profit for the year before tax increased 8% to DKK 1,009m (DKK 934m).
  • Lending was up DKK 23bn, bringing total lending to DKK 341bn at end-2011 (DKK 318bn).
  • Continued positive trend in market share.
  • Lending quality still satisfactory. Net loan losses of DKK 284m (DKK 118m).
    Accumulated loan losses corresponded to 0.09% (0.05%) of the loan portfolio.
  • The auction of adjustable-rate mortgages at end-2011 resulted in record-low interest rates.
  • All bonds still have the highest ratings.

 
Contact:
Claus Christensen, Head of Communications Denmark, telephone +45 33 33 12 79 or
Lars Bank Jørgensen, Chairman of the Executive Management, telephone + 45 33 33 59 00.

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