Pre-tax profit of DKr780m for the first quarter of 2007
Realkredit Danmark today published its report for the first quarter of 2007. Highlights are shown below:

• The Realkredit Danmark Group recorded a rise of 30% in pre-tax profit from DKr602m for the first quarter of 2006 to DKr780m for the first quarter of 2007. The result was due mainly to rising interest rates and was in line with expectations announced at the publication of the Annual Report 2006.
• Total income increased 19% from DKr894m in the first quarter of 2006 to DKr1,062m.
• The outstanding nominal bond debt on mortgage lending was DKr616bn, up 8% since the first quarter of 2006.
• The market share of net new lending was 25.8% in the first quarter of 2007, against 28.7% in 2006. The market share of the loan portfolio was 32.5% in the first quarter of 2007, against 32.8% at the end of 2006.
• The outlook for 2007 is unchanged relative to the expectations announced in the Annual Report 2006.