Q1 Interim report 2017 - Totalkredit A/S
TOTALKREDIT A/S – A SUBSIDIARY OF NYKREDIT REALKREDIT A/S CONSOLIDATED IN THE NYKREDIT GROUP FINANCIAL STATEMENTS Q1 INTERIM REPORT – 1 JANUARY – 31 MARCH 2017 Q1 – summary
- Profit from core business was up 32% to DKK 665m against DKK 505m in Q1/2016.
- Income from core business increased by 18% from DKK 704m to DKK 831m.
- Operating costs were DKK 163m against DKK 156m in Q1/2016. Costs as a percentage of core income from business operations were 18.1% compared with 20.9% in Q1/2016.
- Impairment losses on loans and advances came to DKK 2m against DKK 43m in Q1/2016. The positive trend reflected fewer individual impairment provisions.
- Profit before tax came to DKK 736m against DKK 530m in Q1/2016, up 39%. Profit for the period went up from DKK 413m in Q1/2016 to DKK 574m.
- At nominal value, the loan portfolio grew to DKK 596bn compared with DKK 591bn at the beginning of the year. Totalkredit's share of Danish mortgage lending was 39.3% against 39.2% at the beginning of the year.
Own funds
- Equity stood at DKK 21.2bn at 31 March 2017 against DKK 20.7bn at end-2016.
- The total capital ratio and the Common Equity Tier 1 capital ratio were 28.9% and 22.3%, respectively, against 28.7% and 22.2% at end-2016.
- The internal capital adequacy requirement was unchanged at 10.4% compared with end-2016.
About Totalkredit A/S Totalkredit's interim reports and further information about Totalkredit are available at totalkredit.dk. Contact For further comments, please contact Press Relations at tel +45 44 55 14 50.
