Q1 – IN BRIEF
- Core earnings before impairment losses were DKK 271m against DKK 245m in Q1/2011
- Core income from business operations rose 23% to DKK 402m relative to Q1/2011
- Net expenses for supplementary collateral (junior covered bonds) were up DKK 28m to DKK 45m on Q1/2011
- Core income from securities came to DKK 16m against DKK 32m in Q1/2011
- Operating costs were DKK 102m against DKK 97m in Q1/2011
- Impairment losses on loans and advances amounted to DKK 152m, or 0.03% of the loan portfolio
- Investment portfolio income was DKK 55m against DKK 8m in the same period the year before
- Profit before tax was DKK 175m against DKK 203m in the same period in 2011
- Totalkredit's market share of Danish private residential mortgage lending strengthened in Q1/2012 and came to 34.2%
- In Q1/2012, the loan portfolio grew by DKK 6bn to DKK 480bn in nominal terms.