Nordea Kredit Realkreditaktieselskab today presented the attached Interim Report
January-June 2020 with the following key points:

  · Nordea Kredit has managed to serve customers virtually and deliver the same
high service levels and quality as before the COVID-19 pandemic.

  · The strong efforts to maintain and further improve the customer experience
also resulted in an improvement in the overall customer satisfaction.

  · Lending volumes at nominal value passed the milestone of DKK 400bn and
increased by 1% to DKK 404bn (DKK 398bn at end-December 2019).

  · Commission income was up by 7% compared to the first half of 2019 following
higher remortgaging activity.

  · Profit before impairment losses increased by 6% to DKK 1,150m (DKK 1,084m
for the first half of 2019). Profit before tax was down by 30% to DKK 750m (DKK
1,080m for the first half of 2019).

  · Impairment losses on loans increased to DKK 400m compared to DKK 4m in the
first half of 2019 affected by management judgements.



For further information:
Stine Green Paulsen, Communication DK, +45 70 80 11 62
Nordea Kredit Realkreditaktieselskab
Helgeshøj Allé 33
PO Box 850
DK-0900 Copenhagen C
nordeakredit.dk