Nykredit Bank Reports Impressive H1 Results Amid Growth
Nykredit Bank A/S Publishes Positive H1 Interim Reports
Today, Nykredit Bank A/S proudly presents its impressive H1 interim results, marking an exciting period for the organization. The report includes the financials of Nykredit A/S, Nykredit Realkredit A/S, Nykredit Bank A/S, and Totalkredit A/S, indicating healthy growth and strong performance across the group.
Acquisition Impact on Financial Performance
Following the recent acquisition of Spar Nord, completed in late May 2025, the Nykredit Group’s H1 results reflect a strategic shift. Spar Nord's performance has been integrated into Nykredit's financial statements, enhancing its overall outlook for the year.
Performance Overview
With the inclusion of Spar Nord from 28 May to 30 June 2025, the H1 interim report shows a new dimension to Nykredit's financial health. The group is on track to meet its revised full-year profit guidance, aiming for DKK 11.00 to 12.00 billion.
Michael Rasmussen's Insights
Michael Rasmussen, the Group Chief Executive, shared his enthusiasm regarding the performance. "We are glad to report a strong interim profit after tax of DKK 6,257 million for the Nykredit Group. We firmly anticipate improving our guidance due to robust core business performance, reflecting a continued rise in customer demand across all business segments."
Key Achievements and Highlights
Among the highlights, Nykredit Bank demonstrated solid growth in several core areas. For instance, net interest and fee income surged to DKK 7,874 million, with Spar Nord contributing noticeably to this growth.
Growth Trajectory and Strategic Mergers
As the merger between Nykredit Bank and Spar Nord continues smoothly, it is projected to be completed in the spring of 2026. This merger serves as a strategic effort to create a customer-owned alternative to the larger listed banks.
Totalkredit’s Competitive Edge
In alignment with Nykredit Bank's growth strategy, Totalkredit has taken significant steps to lower loan costs for both existing and new customers. This propelled Totalkredit’s mortgage lending to a remarkable DKK 934.9 billion, showcasing a 5.5% increase from the previous year.
Commitment to Customer-Centric Strategies
Through its KundeKroner benefits program, Totalkredit provides attractive home loan options, aimed at ensuring transparent and appealing financing solutions for homeowners across the nation.
Financial Data and Performance Metrics
The financial report highlights a range of impressive figures, demonstrating the resilience and growth of the Nykredit Group. Key financials include a solid CET1 ratio of 17.3%, showcasing stability post-acquisition.
Future Outlook
Looking ahead, Nykredit Bank aims to continue leveraging its strategic advantages, enhancing customer relationships, and expanding its market presence. By continuing to focus on customer ownership, the organization plans to deliver significant value propositions to its clientele.
Frequently Asked Questions
What are the key highlights from Nykredit's H1 report?
The H1 report highlights include a profit after tax of DKK 6,257 million and a solid net interest and fee income of DKK 7,874 million.
How has the Spar Nord acquisition affected Nykredit's finances?
The acquisition has significantly bolstered Nykredit's financial standing, with Spar Nord contributing positively to overall income and customer growth.
What is the current profit guidance for the year?
Nykredit Bank projects a full-year profit after tax between DKK 11.00 and 12.00 billion.
How is Totalkredit performing amid these changes?
Totalkredit has recorded impressive growth in mortgage lending, reflecting a strategic focus on affordable home financing.
Who can be contacted for more information?
For further comments, please reach out to Orhan Gökcen, Head of Press Relations, at +45 31 21 06 39.
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