(1 January - 31 March 2009)
Q1 - IN BRIEF
- Totalkredit recorded a profit before tax of DKK 270m, which is on a level
with profit for Q1/2008.
- Core income from business operations rose DKK 23m to DKK 296m.
- Core earnings before impairment losses amounted to DKK 245m against DKK 270m
in 2008.
- Impairment losses on loans and advances came to DKK 125m, of which
recognised losses amounted to DKK 2m.
- Investment portfolio income was recorded at DKK 150m against DKK 11m the
year before.
- Lending activity in Q1/2009 exceeded expectations.
