Totalkredit – Announcement of Financial Statements 2016
- Totalkredit's profit before tax was DKK 2,628m against DKK 1,961m in 2015
- The balance sheet stood at DKK 691bn against DKK 652bn in 2015.
- Equity amounted to DKK 20.7bn at year-end against DKK 18.6bn at end-2015.
- The loan portfolio measured at nominal value grew by DKK 20bn to DKK 591bn. Totalkredit's market share of lending amounted to 39.2%.
Other
- In 2016 Totalkredit decided to make the first KundeKroner payouts to personal customers. Our customers will get a discount on their four annual administration margin payments, beginning with the payment date on 30 September 2017. For more details on KundeKroner, visit Totalkredit.dk/KundeKroner.
- As of 1 July 2016, the administration margins for all existing and new Totalkredit loans were raised.
- From April 2016, all partner banks could offer Totalkredit business mortgages. Totalkredit business mortgages are offered to the segments office and retail, residential rental as well as industry and trades.
- David Hellemann joined Nykredit Realkredit as Group Managing Director in 2016. At the same time, he joined the Board of Directors of Totalkredit.
Totalkredit A/S
Financial highlights
| DKK million | 2016 | 2015 |
| Income from core business | 3,201 | 2,807 |
| Operating costs and depreciation | 673 | 548 |
| Profit from core business before impairment losses |
2,528 |
2,259 |
| Impairment losses on loans and advances | 47 | 446 |
| Investment portfolio income | 146 | 148 |
| Profit before tax | 2,628 | 1,961 |
| Common Equity Tier 1 capital ratio, % | 22.2 | 21.1 |
For further information, please refer to the Annual Report at totalkredit.dk.
Contact:
For further comments, please contact Press Relations at tel + 45 44 55 14 96