Financial reporting

"We are pleased to present a satisfactory interim profit after tax of DKK 2.7 billion for the Nykredit Group. Generally, we expect continued progress in the Group's core business for the rest of the year and maintain our guidance for a full-year profit after tax of DKK 10.25-11.25 billion.

In the first quarter of the year, we achieved business and customer growth, increased lending and growing market shares across the Group's core business. This was all achieved alongside the efficient merger of Nykredit and Spar Nord, where, despite an ambitious time schedule, we have successfully maintained business momentum and high customer satisfaction. That, I think, is impressive. I would like to offer my deepest thanks to our colleagues across the Group for their strong dedication and loyalty.

Despite geopolitical tensions, our impairment level reflects an overall solid credit quality and financially robust customers. At a time when prevailing market conditions for companies are prone to rapid change due to uncertainty, it is more important than ever that we, as a Group, take a long-term approach. We want to help ensure resilience in the Danish business sector, and as Denmark's largest lender, we are well positioned – with a strong balance sheet – to support our customers with attractive financing of business opportunities and sound advisory services."

Michael Rasmussen
Group Chief Executive