PrivatErhvervInvestor
REports

Net Profit for the year


  20232022 2021 2020 2019

Net profit for the year
(DKK millions)

     

Administration margin
Net interest income
Net fee income*
Income from investment portfolios*
Other income

        5,593
       1,114
           -70
          183
             84

5,733
      93
      18
      48
      84

 5,857
46
-127
55
136

5,923
     97
   -21
66
114

6,082
   203
  -528
839
117
Total income
Expenses		 6,904
 1,055		 5,976
 1,105		5,967
995 		6,179
   864
 6,713
   812
Profit before loan impairment charges
Loan impairment charges		5,849
-114		 4,871
       212		4,972
269		5,315
  335		5,901
   265
Profit before tax
Tax		5,963
 1,569		 4,659
 1,033		4,703
    1,034		4,980
1,097		5,636
1,240
 Net profit for the year4,394 3,6263,669 3,8834,396
Balance sheet (At 31 December)
(DKK millions)
     
Due from credit institutions ect.
Mortgage loans
Bonds and shares
Other assets		  11,618
753,624
  49,580
     1,441		    8,761
724,438
  46,722
    2,307		  18,643
810,139
  46,435
    1,782

  25,045
816,577
  47,187
    2,459

53,826
802,579
52,363
3,780
Total assets 816,263 782,228876,999  891,268921,548 
Due to credit institutions etc.
Issued mortgage bonds
Other liabilities
Shareholders' equity		      2,000
 756,509 
      7,531
   50,223		    2,000
724,105
    6,646
  49,477		2,000
820,950
4,577
  49,472		    2,000
835,217
    4,461
  49,590		    4,003
853,479
    5,073
  49,993
Total liabilities and equity 816,263 782,228876,999  891,268 912,548
 Ratio and Key Figures      

Net profit for the year as % of avg. shareholders' equity
Cost/income ratio (%)
Total capital ratio (%)
Tier 1 capital ratio (%)
Full-time-equivalent staff, end of year


           8.8
        15.3
        31.5
        31.1
         229

 
        7.3
      18.5
      29.1
      28.6
       227


 7.4
16.7
25.3
24.9
217

 
    7.8
  14.0
  27.4
  26.9
234

     
    8.8
  12.1
  31.1
  30.7
237

 *Comparative information for 2020 has been restated as described in note 1 for 2021.