January 26, 2015 4:08 PM ET

Thrifts and Mortgage Finance

Company Overview of Realkredit Danmark A/S

Company Overview

Realkredit Danmark A/S provides property mortgage and 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 its real-estate agency chain ‘home’. 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

243 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
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 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.

Realkredit Danmark A/S Reports Unaudited Group Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

Realkredit Danmark A/S reported unaudited group earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net interest income of DKK 1,890 million compared to DKK 1,845 million a year ago. Interest income was DKK 6,229 million compared to DKK 6,294 million a year ago. Profit before tax was DKK 1,073 million compared to DKK 864 million a year ago. Net profit was DKK 810 million compared to DKK 648 million a year ago. Cash out flow from operating activities was DKK 18,495 million compared to cash inflow from operating activities of DKK 6,530 million a year ago. The higher profit was achieved especially on the back of lower impairments. Net interest income benefited from returns on holdings of securities with long maturities. The company still expects to achieve a higher profit in 2014 than it did in 2013.

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