Nordea Kredit Realkreditaktieselskab – Year-end Report 2018 and appointment of an interim Chief Executive Officer. Company announcement no 13, 2019

Nordea Kredit Realkreditaktieselskab today appointed deputy Chief Executive Officer Claus H. Greve as interim Chief Executive Officer until the recruitment of a new Chief Executive Officer has been finalized. At the same time the present Chief Executive Officer Peter Smith leaves Nordea as mentioned 6 December 2018 in the company announcement no. 124.

The Executive Management in Nordea Kredit Realkreditaktieselskab then consist of Claus H. Greve (interim CEO) and Kamilla Hammerich Skytte (Deputy CEO).

Further Nordea Kredit Realkreditaktieselskab presented the attached Year-end Report 2018 with the following key points:

• High focus on enhanced customer experience and new digital services.
• Net profit excluding the IFRS 9 transition effect was DKK 1,733m (DKK 1,750m). Including the transition effect, net profit was DKK 1,593m
• Total staff and administrative expenses were down by 9% to DKK 286m (DKK 314m) driven by strong cost focus.
• Lending volumes at nominal value increased by 1% to DKK 387bn at end-2018 (DKK 384bn).
• Continued high credit quality and loan losses at a low level.

For further information: 

Stine Wind, Communication DK, +45 70 80 11 62.

Nordea Kredit Realkreditaktieselskab
Helgeshøj Allé 33
PO Box 850
DK-0900 Copenhagen C
nordeakredit.dk
 
We build strong and close relationships through our engagement with customers and society. Whenever people strive to reach their goals and realise their dreams, we are there to provide relevant financial solutions. We are the largest bank in the Nordic region and among the ten largest financial groups in Europe in terms of total market capitalisation with around 11 million customers. The Nordea share is listed on the Nasdaq Stockholm, Nasdaq Helsinki and Nasdaq Copenhagen exchanges. Read more about us on nordea.com.

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