Financial results for Q1 2025

Financial Performance - The company reported a profit after tax of DKK 491 million and a return on equity of 14.0% for Q1 2025, indicating a solid start to the year [1] - Core income decreased by DKK 136 million compared to the same period last year, primarily due to falling interest rates affecting net interest income [1] Banking Business Growth - The banking business experienced strong momentum with annual growth in lending and deposits of 10% and 6% respectively, and a 4% increase in total business volume during the period [2] - In Q1 2025, lending increased by DKK 1.3 billion and deposits rose by DKK 0.7 billion [2] Asset Management and Credit Quality - The first quarter of 2025 saw solid asset management activity, with the housing market showing signs of recovery [3] - Impairment charges were limited due to persistently strong credit quality during the period [3] Nykredit Takeover Offer - Two out of three conditions for Nykredit's takeover offer are currently met, with the necessary approval from the Danish Competition and Consumer Authority still pending [4] - The offer period has been extended and is now projected to expire on 20 May 2025, with completion expected in the first half of 2025 [4]