Summary financial performance 2006
• Portfolio growth of DKK 16.8bn to DKK 176.1bn in 2006
• Expanding market shares compared with 2006 – both within new lending and
outstanding bond loans
• Core earnings were up from DKK 613m in 2005 to DKK 622m in 2006.
• Core income was DKK 1,303m, up by 2.1% from DKK 1,276m in 2005
• Rise in costs and expenses from DKK 744m in 2005 to DKK 810m in 2006 – mainly
ascribable to higher marketing and IT development expenses
• Income of DKK 129m from “Impairment losses on loans and receivables”,
reflecting a continued favourable economic climate
• Earnings from investment portfolios of DKK 119m, against DKK 152m in 2005.
These earnings have been adjusted by an increase in the market value of
strategic shares of DKK 48m, which, until realisation, does not appear from
profits, but has been taken directly to equity.
