PrivatErhvervInvestor
REports

Net Profit for the year


 2022 2021 2020 2019  2018

Net profit for the year
(DKK millions)

     

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

 5,733
      93
      18
      48
      84

 5,857
46
-127
55
136

 

5,923
     97
   -21
66
114

 

6,082
   203
  -528
839
117

 

6,222
   142
    -617
577
125

 

Total income
Expenses		  5,976
 1,105		5,967
995 		6,179
   864
 6,713
   812
  6,449
    703
Profit before loan impairment charges
Loan impairment charges		 4,871
       212		4,972
269		5,315
  335		5,901
   265		5,746
-204
Profit before tax
Tax		 4,659
 1,033		4,703
    1,034		4,980
1,097		5,636
1,240		5,950
1,301
 Net profit for the year 3,6263,669 3,8834,3964,649
Balance sheet (At 31 December)
(DKK millions)
     
Due from credit institutions ect.
Mortgage loans
Bonds and shares
Other assets		    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		  21,446
796,045
  51,158
    2,568
Total assets 782,228876,999  891,268921,548  871,217
Due to credit institutions etc.
Issued mortgage bonds
Issued senior debt
Other liabilities
Shareholders' equity		    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		       778
809,091
    5,952
    5,481
  49,915
Total liabilities and equity 782,228876,999  891,268 912,548 871,217
 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

 
        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


    9.3
  10.9
  30.6
  30.3
229

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