Stock exchange announcement number 3 – 2006
Realkredit Danmark reports pre-tax profit of DKr3,186m for 2005
Realkredit Danmark today announced its financial results for 2005. The Announcement of financial results and the Annual Report can be viewed at www.rd.dk. Highlights are shown below:
- In 2005, the Realkredit Danmark Group’s pre-tax profit rose to DKr3,186m, against DKr2,721m in 2004.
- Income totalled DKr4,319m, against DKr3,958m in 2004.
- Mortgage lending climbed DKr45bn to DKr569bn.
- Realkredit Danmark’s share of gross lending stood at 29.5% in 2005, against 32.0% in 2004. The market share of the loan portfolio was 33.4% at the end of 2005, down from 34.2% at year-end 2004.
- In the fourth quarter of 2005, the market share of gross lending rose to 33.8% from 28.3% in the third quarter.
- For 2006, the profit before tax is expected to be at around the same level as in 2005.
Sven Holm, Chairman of the Executive Board says: “It has been a good year with record-high lending activity, and our market share of gross lending has risen during the year. The improvement in our result of 17% is somewhat above expectations at the beginning of the year.”
Announcement of financial results 2005 - (pdf, 160kb)
Annual Report 2005 - (pdf, 1,119kb)
Contact: Sven Holm, Chairman of the Executive Board and Chief Executive Officer, tel. + 45 33 39 30 11.