Nordea Kredit Realkreditaktieselskab today presented the attached
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.
profit after tax increased by 15%. When adjusting for the one-off cost
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
Søren Hansen Reumert, Communications Chief Denmark, +45 70
80 11 62.
Nordea Kredit Realkreditaktieselskab
Helgeshøj Allé 33
DK-0900 Copenhagen C
Tel +45 33 33 36 36