Thursday, 15. October 2020

Nykredit raises its guidance for 2020. As scheduled, the Nykredit Group will publish its Q1-Q3 Interim Report for 2020 on 4 November 2020.

See press release

Financial reporting

"The results presented today considerably exceed our expectations earlier this year. We have therefore raised our guidance for business profit and profit before tax for 2020 by DKK 1.5 billion. Our customers have generally steered well through the corona crisis so far. We have still not seen clear signs of credit quality deterioration, but have nevertheless made significant impairment provisions to absorb potential future losses. Despite the corona crisis, we have maintained strong momentum in our underlying core business. We are recording lending and customer growth in Totalkredit and Nykredit Bank, as illustrated by one of our core income items, net interest income, which continues to rise despite decreasing average administration margin payments from customers."

Michael Rasmussen
Group Chief Executive

Download Nykredit Group H1 Interim Report here

Financial results H1/2020

1,566
Net profit (DKKm)
3.6%
Return on equity after tax

Conference call

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Fact Book

Nykredit’s financial Fact Book is updated quarterly. It covers financial statistics, key ratios, risk metrics and cover pool data. The data in the Fact Book is unaudited.

19.2%
CET 1 ratio
33.6%
Market share, domestic lending