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Categories: interim report

KommuneKredit announces Interim Report for 1st Half of 2021

KommuneKredit announces Interim Report for 1st Half of 2021

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

Cover of KommuneKredit's Interim Report 2020

KommuneKredit announces Interim Report 2020

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

KommuneKredit announces Interim Report 2018

KommuneKredit announces Interim Report 2018

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