Totalkredit A/S
(1 January 2011 – 30 September 2011)
Q1-Q3 – in brief
- Core earnings before impairment losses came to DKK 754m against DKK 798m in Q1-Q3/2010
- Core income from business operations declined by DKK 121m to DKK 913m relative to Q1-Q3/2010
- Core income from securities improved by DKK 27m to DKK 119m relative to Q1-Q3/2010
- Operating costs were reduced by DKK 50m to DKK 278m relative to Q1-Q3/2010
- Impairment losses on loans and advances increased by DKK 189m to DKK 267m, equivalent to 0.06% of lending
- Investment portfolio income was DKK 109m against DKK 211m in the same period in 2010
- Profit before tax was DKK 596m against DKK 931m in the same period the year before
- Totalkredit's market share of Danish private residential mortgage lending strengthened to 33.6% in Q1-Q3/2011
- In Q1-Q3/2011, nominal lending grew by DKK 12bn to DKK 468bn.
Contacts:
Søren Holm, Group Managing Director, Nykredit, tel +45 44 55 10 10
Troels Bülow-Olsen, Managing Director, Totalkredit, tel +45 44 55 54 00
