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May 30, 2015 1:03 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

231 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 Unaudited Group Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015; Reports Loan Impairments for the First Quarter Ended March 31, 2015

Realkredit Danmark A/S reported unaudited group earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of DKK 1,755 million compared to DKK 1,890 million a year ago. Interest income was DKK 5,902 million compared to DKK 6,229 million a year ago. Profit before tax was DKK 1,376 million compared to DKK 1,073 million a year ago. Net profit was DKK 1,053 million compared to DKK 810 million a year ago. The improvement was driven especially by income from greater re-mortgaging activity, a small increase in administration margins and a high unrealised return on the bond portfolio. Cash in flow from operating activities was DKK 20,420 million compared to cash out flow from operating activities of DKK 18,495 million a year ago. The improvement was driven especially by income from greater re-mortgaging activity, a small increase in administration margins and a high unrealized return on the bond portfolio. The high return was attributable to positive value adjustments in connection with the decline in interest rates during the quarter. The company maintains its expectations for a higher profit in 2015 than in 2014. For the first quarter ended March 31, 2015, loan impairments fell to DKK 228 million from DKK 244 million in the same period of 2014. Total impairments declined as a result of a general improvement of marco economic conditions in Denmark.

Realkredit Danmark Appoints Deloitte Statsautoriseret Revisionsaktieselskab as Auditor

Realkredit Danmark A/S announced that at its AGM held on March 5, 2015, the shareholders appointed Deloitte Statsautoriseret Revisionsaktieselskab as auditor for one-year term.

Realkredit Danmark A/S Presents at 8th Annual Global Covered Bonds Conference 2015, Mar-05-2015 03:10 PM

Realkredit Danmark A/S Presents at 8th Annual Global Covered Bonds Conference 2015, Mar-05-2015 03:10 PM. Venue: London, United Kingdom. Speakers: Klaus Kristiansen, Senior Vice President of Finance Division.

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