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.
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