Financial Summary - 5 years
Key figures and financial ratios have been calculated in accordance with 'Recommendations & Financial Ratios' issued by CFA Society Denmark. Exchange rate at 31 December 2023: EUR 100 = DKK 745.2242. The format is unchanged from last year.
På denne side:
Key figures
| Million | 2024 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| EUR | DKK | DKK | DKK | DKK | DKK | ||
| Net interest and fee income | 96 | 717 | 457 | 353 | 378 | 441 | |
| Value adjustment of finansial instruments | -68 | -510 | 276 | 1,144 | 249 | -33 | |
| Staff costs and administrative expences | -26 | -194 | -193 | -224 | -140 | -130 | |
| Impairment of loans and receivables, etc. | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit for the year | 1 | 8 | 414 | 991 | 378 | 218 | |
| Loans and leases | 26,027 | 194,110 | 187,139 | 174,974 | 194,948 | 192,457 | |
| Equity | 1,366 | 10,188 | 10,180 | 9,766 | 8,775 | 8,397 | |
| Assets | 33,855 | 252,498 | 242,612 | 237,052 | 249,077 | 233,872 | |
| Debt securities issued | 30,996 | 231,169 | 218,173 | 207,899 | 233,892 | 212,728 | |
| Portfolio of securities | 5,848 | 43,618 | 43,639 | 46,591 | 48,387 | 33,568 | |
| Investment in property, plant and equipment | 0 | 2 | 3 | 0 | 0 | 0 |
Additional key figures have been added following the adoption of the new Act on KommuneKredit and a subsequent dialogue with the Danish Financial Supervisory Authority. The comparative figures have been restated to reflect these changes.
Activities during the year
| Million | 2024 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| EUR | DKK | DKK | DKK | DKK | DKK | |
| Loans and leases, net additions in nominal value (net lending) | 834 | 6,219 | 5,874 | 4,766 | 8,675 | 5,057 |
| Loans and leases, gross additions in nominal value | 4,614 | 34,413 | 29,027 | 28,057 | 36,958 | 43,507 |
| Debt securities issued, gross additions in nominal value | 5,820 | 43,407 | 41,543 | 52,692 | 65,112 | 43,163 |
Financial ratios
| Million | 2024 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| EUR | DKK | DKK | DKK | DKK | DKK | |
| Base capital relative to minimum capital requirement | 7.2 | 7.2 | 8.1 | 7.7 | 7.8 | 9.0 |
| Solvency ratio | 58 | 58 | 65 | 62 | 63 | 72 |
| Equity Tier 1 ratio | 59 | 59 | 65 | 62 | 63 | 73 |
| Return on equity before tax, % | 0.1 | 0.1 | 5.4 | 13.7 | 5.7 | 3.4 |
| Return on equity after tax, % | 0.1 | 0.1 | 4.2 | 10.7 | 4.4 | 2.6 |
| Income/cost ratio, % | 1.1 | 1.1 | 3.8 | 6.7 | 4.5 | 3.1 |
| Total risk exposure amount (REA)* | 2,332 | 17,391 | 15,637 | 15,653 | 13,859 | 11,496 |
| Common Equity Tier 1 (CET1) capital | 1,366 | 10,188 | 10,180 | 9,766 | 8,775 | 8,397 |
| Base capital | 1,350 | 10,066 | 10,107 | 9,684 | 8,660 | 8,277 |
| Interest rate risk | 7 | 55 | 104 | 197 | 268 | 230 |
| Currency position | 75 | 556 | 1,013 | 2,413 | 932 | 2,194 |
| Loans to deposits, % | 84.0 | 84.0 | 85.8 | 84.2 | 83.3 | 90.5 |
| Loans to equity, % | 19.1 | 19.1 | 18.4 | 17.9 | 22.2 | 22.9 |
| Impairment rate for the year | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on assets (profit for the year/total assets), % | 0.0 | 0.0 | 0.2 | 0.4 | 0.2 | 0.2 |
| Equity ratio after tax, % | 4.0 | 4.0 | 4.2 | 4.1 | 3.5 | 3.6 |
| Expenses/assets, % | 0.08 | 0.08 | 0.08 | 0.09 | 0.06 | 0.06 |
| Net interest income/assets, % | 0.29 | 0.29 | 0.19 | 0.15 | 0.15 | 0.19 |
| Number of full-time employees | 106 | 106 | 101 | 97 | 88 | 82 |
Additional financial ratios have been added following the adoption of the new Act on KommuneKredit and a subsequent dialogue with the Danish Financial Supervisory Authority. The comparative figures have been restated to reflect these changes.
Selected ESG figures
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| CO2e total (scope 1, 2, 3) (t) | 73 | 64 | 56 | 36 | 44 |
| Share of renewable energy, % | 92 | 93 | 93 | 89 | 82 |
| Gender composition, management level (women), % * | 2531.3 | 26.7 | 26.7 | 33.3 | 40.0 |
| Employee turnover, pct. | 6.1 | 10.0 | 9.8 | 10.4 | 5.2 |
| CEO pay ratio/ median employee remuneration | 3.6 | 3.6 | 3.7 | 3.7 | 3.6 |
| Pay gap, CEO and employees | 3.7 | 3.6 | 3.7 | 3.7 | 3.6 |
* The method used to determine gender composition, management level (women), %, has been changed from comprising only management levels 1 and 2 to also comprising management level 3.