Jyske Realkredit's Annual Financial Report 2018

• Annual Financial Report 2018
• Investorpresentation 2018Q4
• Jyske Bank's Report on Risk and Capital Management 2018

‧ Pre-tax profit, exclusive of derived effects from IFRS 9: DKK 1,669m, corresponding to a return of 10.0% on aver-age equity.

‧ Post-tax profit, exclusive of derived effects from IFRS 9: DKK 1,317m, corresponding to a return of 7.9% on aver-age equity.

‧ Pre-tax profit: DKK 1,262m (2017: DKK 1,131m) corresponding to a return of 7.5% on average equity (2017: 7.9%).

‧ Net profit for the year: DKK 999m (2017: DKK 886m) corresponding to a return of 6.0% on average equity (2017: 6.2%).

‧ Core profit : DKK 1,262m (2017: DKK 1,082m).

‧ Core expenses: DKK 730m, corresponding to a decline by 14% relative to 2017.

‧ Ordinary impairment charges affected core profit by an income of DKK 38m (2017: an expense of DKK 202m).

‧ The effect from the implementation of IFRS 9 and adjustments to the standard amounted to DKK 407m before tax at the beginning of 2018.

‧ Equity injection of DKK 1 bn from the parent company Jyske Bank A/S.

‧ At the end of 2018, the capital ratio and Core Tier ratio was 22.1% (end of 2017: 20.8%).