Danske Kredit reports half-year
profit of DKr126.8m after tax

August 17, 2000

Press release

Today, Danske Kredit has published its Interim Report for the First Half of 2000. The report is available at www.danskekredit.dk.

Selected highlights:

  • Danske Kredit recorded a profit after tax of DKr126.8m for the first six months of 2000, against DKr151.4m for the same period in 1999.
  • Core earnings were DKr180.6m, against DKr188.2m last year. The fall in profit is attributable to a decline in mortgage refinancing activity compared with the first half of 1999.
  • Danske Kredit’s net lending to homeowners totalled DKr2.8bn, which corresponds to a market share of 17.0% of the sector’s total net lending to this segment. In terms of new loans to home buyers, the company’s market share rose from 14.4% for the whole of 1999 to 15.1% in the first half of 2000.
  • Danske Kredit now offers guarantees against major interest rate hikes on variable rate loans.

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