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February 09, 2016 10:08 AM ET

Thrifts and Mortgage Finance

Company Overview of Realkredit Danmark A/S

Company Overview

Realkredit Danmark A/S provides property financing services to personal and business customers in Denmark, Sweden, and Norway. It operates through two segments, Mortgage Finance and Proprietary Portfolio. The company is also involved in the mediation of property financing services made through the branch network and finance centers of Danske Bank, and corporate and institutional mortgage finance; and real estate transactions through the ‘home’ real-estate agency chain. The company was founded in 1851 and is based in Copenhagen, Denmark. Realkredit Danmark A/S is a subsidiary of Danske Bank A/S.

Strødamvej 46

Copenhagen,  2100

Denmark

Founded in 1851

239 Employees

Phone:

45 70 12 53 00

Fax:

45 45 14 96 24

Key Executives for Realkredit Danmark A/S

Chairman of the Executive Board and Chief Executive Officer
Age: 51
Chairman of the Board and Chief Financial Officer
Age: 51
Managing Director, Director and Chairman of Audit Committee
Age: 60
Senior Vice President
Executive Vice President of Asset Liability Management
Compensation as of Fiscal Year 2015.

Realkredit Danmark A/S Key Developments

Realkredit Danmark A/S Reports Audited Group and Parent Company Earnings Results for the Full Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016

Realkredit Danmark A/S reported audited group and parent company earnings results for the full year ended December 31, 2015. For the year on group basis, the company reported net interest income of DKK 7,065 million against DKK 6,992 million a year ago. Profit before tax was DKK 5,092 million against DKK 4,030 million a year ago. Net profit was DKK 3,890 million against DKK 3,056 million a year ago. Cash inflow from operating activities was DKK 248 million against cash outflow from operating activities of DKK 23,020 million a year ago. Acquisition of tangible assets was DKK 2 million against DKK 2 million for the same period a year ago. For the year on parent company basis, the company reported net interest income of DKK 7,064 million against DKK 6,990 million a year ago. Profit before tax was DKK 5,070 million against DKK 4,025 million a year ago. Net profit was DKK 3,882 million against DKK 3,056 million a year ago. The company expects the profit for 2016 to be at the same level as in 2015.

Realkredit Danmark A/S Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Announces Loan Impairment Charges for the Third Quarter Ended September 30, 2015; Provides Earnings Guidance for the Year 2015

Realkredit Danmark A/S reported unaudited consolidated earnings results for the third quarter and nine months to September 30, 2015. For the quarter, interest income was DKK 5,172 million against DKK 5,877 million for the same period of last year. Net interest income was DKK 1,755 million against DKK 1,674 million for the same period of last year. Profit before tax was DKK 998 million against DKK 1,005 million for the same period of last year. Net profit for the period was DKK 763 million against DKK 769 million for the same period of last year. For the nine months, interest income was DKK 16,677 million against DKK 17,899 million for the same period of last year. Net interest income was DKK 5,265 million against DKK 5,083 million for the same period of last year. Profit before tax was DKK 3,687 million against DKK 2,978 million for the same period of last year. Net profit for the period was DKK 2,820 million against DKK 2,259 million for the same period of last year. Cash flow from operations was DKK 5,672 million against cash used in operations of DKK 24,072 million for the same period of last year. Acquisition/sale of tangible assets was DKK 1 million against DKK 1 million for the same period of last year. For the quarter, the company announced loan impairment charges of DKK 123 million against DKK 264 million for the same period of last year. The company still expects to achieve a higher profit in 2015 than it did in 2014, driven not least by lower impairments and income from the strong re-mortgaging activity in the first half of 2015.

Realkredit Danmark A/S to Report Fiscal Year 2015 Results on Feb 02, 2016

Realkredit Danmark A/S announced that they will report fiscal year 2015 results on Feb 02, 2016

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