Core Insights - Nykredit Group's H1 Interim Report for 2025 reflects a strong financial performance, with a profit after tax of DKK 6,257 million and an upgraded full-year profit guidance of DKK 11.00-12.00 billion, driven by robust core business performance and the acquisition of Spar Nord [2][3]. Financial Performance - The Nykredit Group reported net interest and fee income of DKK 7,874 million in H1 2025, with Spar Nord contributing DKK 325 million [2]. - Total income for the Nykredit Group reached DKK 11,977 million, an increase of DKK 715 million compared to H1 2024 [5]. - Costs for the Nykredit Group were DKK 4,315 million, up DKK 990 million from the previous year, including DKK 763 million in transaction and integration costs related to Spar Nord [5]. - Profit before tax for the period was DKK 7,432 million, a decrease of DKK 716 million from H1 2024 [5]. Lending and Market Position - Nykredit Group's bank lending totaled DKK 177.2 billion, with Spar Nord contributing DKK 64.6 billion; excluding Spar Nord, bank lending increased by 15.8% year-over-year [7]. - Totalkredit's mortgage lending grew to DKK 934.9 billion, representing a 5.5% increase from the previous year [7]. - The Nykredit Group's cost/income ratio was 32.5% excluding ordinary costs of Spar Nord and 36.0% including them [7]. Strategic Developments - The merger between Nykredit Bank and Spar Nord is on track to be completed by spring 2026, aiming to create a strong customer-owned alternative to larger listed banks [3]. - Nykredit's strategy emphasizes partnerships to enhance service offerings and competitive positioning in financial markets [3].