Published: 2020-07-17 09:00:00 CEST
Nordea Kredit Realkreditaktieselskab
Half Year financial report
Nordea Kredit Realkreditaktieselskab – Interim Report January-June 2020 Company announcement no 62, 2020
Nordea Kredit Realkreditaktieselskab today presented the attached Interim
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
the first half of 2019). Profit before tax was down by 30% to DKK 750m
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
Helgeshøj Allé 33
PO Box 850
DK-0900 Copenhagen


Interim Report January-June 2020 Nordea Kredit Realkreditaktieselskab.pdf