Net profit of DKK 1,824 million for the first nine

Net profit of DKK 1,824 million for the first nine months of 2013

Realkredit Danmark today published its interim report for the first nine months of 2013. The report is available at rd.dk. Highlights are shown below:

• The Realkredit Danmark Group recorded a net profit of DKK 1,824 million for the first nine months of 2013, an increase of 15% from the level in the year-earlier period. The profit benefited from a stronger market position and a satisfactory business performance.

• Total income rose 10% to DKK 4,193 million from DKK 3,797 million in the first nine months of 2012.

• Expenses were down 6%.

• Supported by a stable delinquency rate, impairments have seen a downward trend in 2013. Overall, however, impairments rose from DKK 1,022 million for the first nine months of 2012 to DKK 1,151 million for the first nine months of 2013.

• The total capital ratio calculated in accordance with the Capital Requirements Directive was 35.1%, against 34.3% at the end of 2012.

• In September 2013, Realkredit Danmark launched the FlexKort® loan product. Customer interest in the new product exceeds expectations.

• Realkredit Danmark maintains its expectations for a higher profit in 2013 than in 2012.

Carsten Nøddebo, CEO, says:

“The launch of FlexKort^® as an attractive alternative for customers looking for a mortgage with frequent interest resetting has exceeded our expectations. During the first month after the product was launched, we made FlexKort^® loan offers for more than DKK 4 billion. More than nine out of ten customers looking for a mortgage with frequent interest resetting currently opt for FlexKort^®. The warm welcome given to FlexKort^® should probably be seen in the context of the fact that the loan has been cheaper than F1 loans since it was launched.”

Contact:

Carsten Nøddebo, Chief Executive Officer, tel. +45 45 13 20 82.