Housing Market and Credit Assessment
Nordea Kredit - in brief
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Q1 2022
100% owned subsidiary of Nordea Bank Abp - the largest Nordic financial institution
Operates as a mortgage credit institution with the main purpose of granting mortgage credit loans funded by issuing
covered bonds
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Founded in 1993 and supervised by the Danish FSA (DFSA, Finanstilsynet)
Market share 14.3% of the Danish mortgage credit market
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All covered bonds are rated AAA by Standard & Poor's
Dedicated liquidity line provided by Nordea Bank Abp to manage daily cash needs and ensure compliance with external
and internal requirements regarding liquidity management
Profit before tax 2021: DKK 1,419 m
Cost-income ratio 2021: 50.5%
Capital ratio end 2021 (of which Tier 1): 26.6% (24.7%)
More information at nordeakredit.dk
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