Together we are more

Nykredit is different. Yes, we are a bank. And a mortgage provider too. But in one important area we are different: We are owned by an association of customers. Being customer-owned, we are in a unique position to give something back to our customers when we are doing well. Together we can simply do more for our customers and for society.

Our history

Nykredit is different. But how are we different? Nykredit dates back to 1851 when the first mortgage associations were formed – and of that we are proud. Michael Rasmussen, Group Chief Executive puts Nykredit's DNA into words and pictures in the film that you can watch here:

Together we can do more for our customers

At Nykredit, we help our customers stay on top of their finances and provide them with opportunities and security. We want to share their dreams and worries and help them find the right solutions. Being customer-owned, we are in a unique position to share our success with our customers.

Together we can create more value for society

At Nykredit, we believe in all of Denmark. We are owned by an association of homeowners and businesses that live and operate all over Denmark, and we are Denmark's largest lender. We have made a special commitment to offer financial solutions in urban and rural districts alike, at all times.

Facts

Nykredit is a diverse business: mortgage lender, banker, insurer, estate agent, financial mutual – and much more. Brief facts about Nykredit:

Totalkredit alliance partner banks

44.7%

of Denmark's mortgage lending spread across Denmark (incl. LR Realkredit))

10.9 bn

Group profit after tax end-December 2023 in DKK

The name Nykredit first appeared in 1985 when Forenede Kreditforeninger and Jyllands Kreditforening merged
Main activities: mortgage lending and banking
Nykredit Realkredit A/S is wholly owned by Nykredit A/S
Forenet Kredit is majority shareholder of Nykredit A/S

Income end-December 2023: DKK 20.402 bn
Total lending (nominal) end-December 2023: DKK 1,535 bn
Equity end-December 2023: DKK 101.029 bn
Assets under administration end-December 2023: DKK: 1,081 bn
Assets under management end-December 2023: DKK 456 bn

Market leading mortgage lender with a market share of 44.7%
Denmark's largest lender with a market share of 35.0%
One of Denmark's largest banks with a market share of 7.9%*

* From MIFI statistics

**Bank lending exclusive of reverse repurchase lending

Our history

At Nykredit, we are proud of our heritage. And we are aware that the world around us is changing dramatically these years. Economic globalisation, internationalisation of regulation and digitisation pose completely new challenges and opportunities.

This is no easy task and requires great foresight and adaptability on our part. In times of change, we cannot promise that everything will remain the same. But we can promise that we will stick to our values as we pursue our journey as a mutually-controlled financial services provider and strive to share our success with our customers. In order to uphold this promise, we have made six pledges.

Pledge to our customers

We will provide our customers with financial security through sound advice and products tailored to their needs, and we will share our success with our customers.

Pledge to our business partners

In collaboration with our partners, we want to make a difference to our customers by offering them attractive products and effective solutions. We will prioritise joint solutions and actively contribute to developing and expanding our alliance so that we and our partners become more together.

Pledge to society

We will be active in all of Denmark and support growth – in urban and rural districts alike. At all times. We will also do our best to create a greener Denmark for our children and for future generations.

Pledge to our staff

We will prioritise development and opportunities for people who will and can make a difference. We want to be known for our trusting culture guided by customer centricity, team spirit and empowerment.

Pledge to our shareholders

We will strive to be a successful and well-capitalised business that thinks and acts for the long term. We will generate market-consistent dividend to the benefit of our Danish owners.

Pledge to our bond investors

As one of Europe's largest bond issuers, we will provide a stable and secure investment opportunity for domestic and foreign bond investors.

Together we are more

Our history

Together we can do more for our customers

Together we can create more value for society

Facts