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Announcement of Financial Statements_2020_UK.pdf

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Announcement of Financial Statements_2020_UK.pdf

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Jens Lundager

Jens Lundager

Press contact CEO +45 3369 7622

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KommuneKredit announces Annual Report 2020

KommuneKredit announces Annual Report 2020

Summary
▪ Lending and leasing increased by DKK 7 billion to DKK 192 billion.
▪ At DKK 440 million, net interest income was slightly higher than full-year expectations.
▪ Pre-tax profit for the year amounted to DKK 278 million, while comprehensive income for the year was DKK 218 million, against DKK 441 million in 2019. The difference was due to lower value adjustments.
▪ Common Equity