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CORRECTION: Totalkredit – Annual Report 2016 T

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Posted On: 02/09/2017 7:45:20 AM
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Posted By: News Desk 2018
CORRECTION: Totalkredit – Annual Report 2016

Totalkredit – Announcement of Financial Statements 2016

  • Totalkredit's profit before tax was DKK 2,628m against DKK 1,961m in 2015
  • The balance sheet stood at DKK 691bn against DKK 652bn in 2015.
  • Equity amounted to DKK 20.7bn at year-end against DKK 18.6bn at end-2015.
  • The loan portfolio measured at nominal value grew by DKK 20bn to DKK 591bn. Totalkredit's market share of lending amounted to 39.2%.

Other

  • In 2016 Totalkredit decided to make the first KundeKroner payouts to personal customers. Our customers will get a discount on their four annual administration margin payments, beginning with the payment date on 30 September 2017. For more details on KundeKroner, visit Totalkredit.dk/KundeKroner.
  • As of 1 July 2016, the administration margins for all existing and new Totalkredit loans were raised.
  • From April 2016, all partner banks could offer Totalkredit business mortgages. Totalkredit business mortgages are offered to the segments office and retail, residential rental as well as industry and trades.
  • David Hellemann joined Nykredit Realkredit as Group Managing Director in 2016. At the same time, he joined the Board of Directors of Totalkredit.

Totalkredit A/S Financial highlights

DKK million 2016 2015
Income from core business 3,201 2,807
Operating costs and depreciation 673 548
Profit from core business before impairment losses   2,528   2,259
Impairment losses on loans and advances 47 446
Investment portfolio income 146 148
Profit before tax 2,628 1,961
     
Common Equity Tier 1 capital ratio, % 22.2 21.1

For further information, please refer to the Annual Report at totalkredit.dk.

Contact: For further comments, please contact Press Relations at tel + 45 44 55 14 96



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