Investor Presentation - FY 2022
Investor Presentation - FY 2022
Realkredit Danmark portfolio overview: Continued strong credit quality
Highlights
Portfolio facts, Realkredit Danmark, 04 22
.
•
Approx. 314,982 loans (residential and commercial)
Average LTV ratio of 48% (46% for retail, 50% for commercial]
We comply with all five requirements of the supervisory diamond for Danish
mortgage credit institutions
.
675 loans in 3- and 6-month arrears (+5% since 03-22)
•
6 repossessed properties (03-22: 6)
•
DKK 5 bn in loans with an LTV ratio > 100%, including
DKK 4 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]
148 144 146 142
134
124
113 110 104
95 92 89
84
75
72
69
67
69
64
71
73
Danske Bank
Retail loans, Realkredit Danmark, 04 22 (%)
Fixed rate (10 yrs-30 yrs)
Variable rate (6m-10 yrs)
Interest-only
Repayment
( ) = Q3 22
44%
(45%)
53%
(53%)
51%
(49%)
50%
(52%)
56%
46%
(55%)
(47%)
49%
(51%)
50%
(48%)
Stock of loans:
DKK 438 bn [444bn)
New lending:
DKK 21 bn (26bn)
Retail mortgage margins, LTV of 80%, owner-occupied (bp)
Adjustable rate¹
111
106
86
68
143
138
118
101
04
01
02
03
04 Q1
02
03
Q4
Q1
02 03
Q4
Q1
02
03
Q4
Q1
02
03 04
1-2 yrs
3-4 yrs
5 yrs+
2018
2019
2020
2021
2022
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