Summary
▪ Pre-tax profit amounted to DKK 299 million.
▪ Lending and leasing decreased by DKK 1.3 billion to DKK 191.2 billion from year-end 2020 as an increase in net lending of DKK 3.8 billion was countered by a decrease in value adjustments of DKK 5.1 billion.
▪ Net interest income amounted to DKK 180 million against DKK 221 million in the same period last year.
▪ Comprehensive incom
SUMMARY
▪ Lending and leasing increased by close to DKK 6 billion to DKK 191 billion, of which DKK 4 billion was due to new loans and leases in the period.
▪ Net interest income decreased to DKK 221 million against DKK 250 million in the same period last year, which is in line with expectations at the end of 2019.
▪ Pre-tax profit amounted to DKK 186 million.
▪ Comprehensive income for
The Board of Directors of KommuneKredit have today approved the Interim Report for 2018.
CEO Jens Lundager states: “KommuneKredit does not need to make a profit on our lending to municipalities and regions. Thus, our profitability is expressed through low interest rates rather than high earnings. We have had a satisfactory development in the first half of 2018. Required earnings has been below