Investor Presentaiton
Investor Presentation - First quarter 2023
Realkredit Danmark portfolio overview: Continued strong credit quality
Highlights
Portfolio facts, Realkredit Danmark, Q1 23
•
Approx. 311,306 loans (residential and commercial)
.
•
Average LTV ratio of 49,5% (49% for retail, 50% for commercial)
We comply with all five requirements of the supervisory diamond for Danish
mortgage credit institutions
718 loans in 3- and 6-month arrears (04-22:711]
.
6 repossessed properties (04-22:6)
•
DKK 5 bn in loans with an LTV ratio >100%, including
DKK 3 bn covered by a public guarantee
LTV ratio limit at origination (legal requirement]
•
Residential: 80%
•
Commercial: 60%
Total RD loan portfolio of FlexLånⓇ F1-F4 [DKK bn]
144 146 142
134
124
113 110 104
95 92 89 84
75
72 69 67
69
64
23
71
73
77
Danske Bank
Retail loans, Realkredit Danmark, Q1 23 (%)
Fixed rate (10 yrs-30 yrs)
Variable rate (6m-10 yrs)
Interest-only
Repayment
( ) = 0422
43%
(44%)
54%
(53%)
53%
(51%)
52%
(52%)
57%
(56%)
46%
(46%)
47%
(49%)
48%
(50%)
Stock of loans: DKK 432 bn (438bn)
New lending: DKK 15 bn (21bn)
Retail mortgage margins, LTV of 80%, owner-occupied (bp)
Adjustable rate¹
111
106
86
68
143
138
118
101
Q1 Q2
03
04 Q1
Q2 03
04
Q1
02
03
04
Q1
02
03
04
01
02
03
04
Q1
1-2 yrs
3-4 yrs
5 yrs+
2018
2019
2020
2021
2022
2023
Fixed
rate
1-2 yrs
3-4 yrs
5 yrs+
Fixed rate
Interest-only
Repayment
1 In addition, we charge 30 bp of the bond price for refinancing of 1- and 2-year floaters and 20 bp for floaters of 3 or more years [booked as net fee income).
17View entire presentation