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 customer growth [2][3] Financial Performance - Net interest and fee income for the Nykredit Group totaled DKK 7,874 million, with Spar Nord contributing DKK 325 million; excluding Spar Nord, the net interest and fee income was DKK 7,549 million [2][3] - Total income for the Nykredit Group increased to DKK 11,977 million in H1 2025, up DKK 715 million from DKK 11,262 million in H1 2024 [5] - Costs rose to DKK 4,315 million, an increase of DKK 990 million compared to DKK 3,325 million in H1 2024, with transaction and integration costs related to Spar Nord amounting to DKK 763 million [5] Lending and Market Position - Nykredit Group's bank lending reached DKK 177.2 billion, with Spar Nord contributing DKK 64.6 billion; excluding Spar Nord, bank lending increased by 15.8% from DKK 97.4 billion in June 2024 to DKK 112.8 billion in June 2025 [7] - Totalkredit's mortgage lending grew to DKK 934.9 billion at the end of June 2025, up 5.5% from DKK 886.2 billion at the end of June 2024 [7] Customer and Market Strategy - The merger between Nykredit Bank and Spar Nord is on track for completion in spring 2026, aiming to create a customer-owned alternative to larger listed banks [3] - Nykredit's strategy emphasizes partnerships to enhance service offerings and competitive positioning in financial markets [3]

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].