Published: 2017-01-26 10:18:00 CET
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 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


Year-end report 2016 Nordea Kredit Realkreditaktieselskab.pdf