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