February 28, 2015 11:03 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 is also involved in the mediation of property financing services 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

237 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: 50
Chairman of the Board and Chief Financial Officer
Age: 50
Managing Director, Director and Chairman of Audit Committee
Age: 59
Senior Vice President
Head of Corporate Division
Compensation as of Fiscal Year 2014.

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, 2014; Provides Earnings Guidance for the Year 2015

Realkredit Danmark A/S reported audited group and parent company earnings results for the full year ended December 31, 2014. For the year on group basis, the company reported net interest income of DKK 6,992 million against DKK 7,281 million a year ago. Profit before tax was DKK 4,030 million against DKK 3,477 million a year ago. Net profit was DKK 3,056 million against DKK 2,612 million a year ago. Cash outflow from operating activities was DKK 23,020 million against cash inflow from operating activities of DKK 34,279 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 6,990 million against DKK 7,278 million a year ago. Profit before tax was DKK 4,025 million against DKK 3,474 million a year ago. Net profit was DKK 3,056 million against DKK 2,612 million a year ago. The company expects to achieve a higher profit in 2015 than it did in 2014.

Realkredit Danmark A/S Reports Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Loan Impairment Charges for the Third Quarter of 2014; Re-Affirms Earnings Guidance for the Year 2014

Realkredit Danmark A/S reported group earnings results for the third quarter and nine months ended September 30, 2014. For the nine months, the group reported interest income of DKK 17,899 million compared to DKK 18,756 million, net interest income of DKK 5,083 million compared to DKK 5,402 million, profit before tax of DKK 2,978 million compared to DKK 2,431 million, net profit of DKK 2,259 million compared to DKK 1,824 million, cash out flow from operations of DKK 24,072 million compared to DKK 11,329 million and acquisition of tangible assets of DKK 1 million compared to DKK 1 million for the last year. For the quarter, the group reported interest income of DKK 5,877 million compared to DKK 6,025 million, net interest income of DKK 1,674 million compared to DKK 1,781 million, profit before tax of DKK 1,005 million compared to DKK 862 million and net profit of DKK 769 million compared to DKK 647 million for the last year. For the third quarter, the group reported loan impairment charges of DKK 264 million compared to DKK 264 million in the last year. The group still expects to achieve a high profit in 2014 than it did in 2013.

Realkredit Danmark A/S Reports Unaudited Consolidated Earnings Results for the Second Quarter and Half Year Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014; Reports Impairment Charge for the Second Quarter of 2014

Realkredit Danmark A/S reported unaudited consolidated earnings results for the second quarter and half year ended June 30, 2014. For the second quarter, the company reported total income of DKK 1,421 million compared to DKK 1,349 million a year ago. Profit before tax was DKK 900 million compared to DKK 705 million a year ago. Net profit for the period was DKK 680 million compared to DKK 529 million a year ago. Net interest income was DKK 1,519 million compared to DKK 1,776 million a year ago. For the half year, the company reported total income of DKK 2,943 million compared to DKK 2,860 million a year ago. Profit before tax was DKK 1,973 million compared to DKK 1,569 million a year ago. Net profit for the period was DKK 1,490 million compared to DKK 1,177 million a year ago. Net interest income was DKK 3,409 million compared to DKK 3,621 million a year ago. Acquisition of tangible assets was DKK 1 million compared to DKK 1 million a year ago. Cash outflow from operations was DKK 14,543 million compared to cash inflow from operations of DKK 8,189 million a year ago. The company provided earnings guidance for the full year of 2014. For the period, the company maintains its expectations for a higher profit in 2014 than in 2013. The company recorded loan impairment charges of DKK 325 million for the second quarter of 2014 compared to DKK 433 million a year ago.

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