BRFkredit Interim Financial Report 1st quarter 2017

02.05.2017



∙ Profit before tax amounted to DKK 256m (Q1 2016: DKK 298m).
∙ Net profit for the period amounted to DKK 200m (Q1 2016: DKK 233m).
∙ The net profit for the period corresponded to an annualised return of 6.2% on opening equity (Q1 2016: 7.9% p.a.).
∙ Loan impairment charges and provisions for guarantees amounted to an expense of DKK 92m (Q1 2016: an income of DKK 35m)
∙ Mortgage loans: DKK 288.8bn (end of 2016: DKK 278.4bn).
∙ Capital ratio: 18.3% (end of 2016: 19.0%), and Common Equity Tier 1 capital ratio: 18.3% (end of 2016: 19.0%).
∙ Individual solvency requirement: 9.2% (end of 2016: 9.3%).