Interim Reports Q1 2024 - Nykredit Realkredit Group - Seite 2

Highlights from the Q1 Interim Report 2024:

• Nykredit Bank's lending rose from DKK 92.1 billion in Q1/2023 to DKK 94.5 billion in Q1/2024.
• Totalkredit's mortgage lending at nominal value increased from DKK 874.9 billion in Q1/2023 to DKK 879.7 billion in Q1/2024.
• Assets under management by Nykredit Wealth Management have grown by 13% since Q1/2023 to DKK 486 billion in Q1/2024.
• Nykredit maintained a very strong capital position with a Common Equity Tier 1 (CET1) capital ratio of 20.5%.
• Nykredit's cost/income ratio has decreased since 2023 to 27.4% in Q1/2024.
  
  

			DKK million
Nykredit Group
	Q1/        2024	Q1/ 2023	Change
BUSINESS PROFIT AND PROFIT FOR THE PERIOD
Net interest income	3,011	2,883	128
Net fee income	728	680	48
Wealth management income	668	583	85
Net interest from capitalisation	597	460	137
Net income relating to customer benefits programmes	(135)	(117)	-18
Trading, investment portfolio and other income	1,143	700	443
Income	6,012	5,189	823
Costs	1,647	1,638	9
Business profit before impairment charges	4,365	3,551	814
Impairment charges for loans and advances	(53)	(34)	-19
Business profit	4,418	3,585	833
Legacy derivatives	52	(11)	63
Profit before tax for the period	4,470	3,574	896
Tax	926	775	151
Profit for the period	3,544	2,799	745

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