trending Market Intelligence /marketintelligence/en/news-insights/trending/znOsWfpfBdzYs_kHpCCTPg2 content esgSubNav
In This List

Nykredit further lifts FY'19 profit guidance


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

Nykredit further lifts FY'19 profit guidance

Nykredit A/S raised its full-year 2019 profit guidance for a third time by roughly 450 million kroner, mainly due to a positive development in legacy derivatives driven by interest rate trends in the fourth quarter.

The Danish financial services group's previous guidance ranged from 7.25 billion kroner to 7.75 billion kroner.

The result will also include a one-off gain of about 600 million kroner from the acquisition of LR Realkredit A/S, pushing the group's pretax profit for the year to up to 8.8 billion kroner.

Nykredit also raised the outlook for unit Totalkredit A/S' full-year 2019 pretax profit to roughly 3.0 billion kroner, up from a previous range of 2.4 billion kroner to 2.7 billion kroner.

As of Jan. 15, US$1 was equivalent to 6.70 Danish kroner.